A key consideration in this process should be a business VPN service for accounting firms and financial advisors – but this is sometimes overlooked.
To meet expectations of regional and international clients, accountants and financial advisors are always on the go. They make themselves available around-the-clock, wherever, whenever, utilising their own home network or public WiFi networks when working remotely, to connect with clients or manage, update, compile and send important financial information.
However, by using these public WiFi networks (and even home networks that are unsecured) financial advisors expose crucial financial information to the eyes of cyber criminals lurking on these networks. Public WiFi networks are inherently unsecure – meaning anyone can connect and, with the right tools, siphon data from the other devices on the network. To keep activities on these networks private, accountancy firms and financial advisors need some form of business VPN.
Furthermore, not only is the information accountancy firms and financial advisors lucrative on its own, it can also be used to set up other, more sophisticated attacks like spear phishing (sending spoof emails with the aim of getting access to information) or whaling attacks (phishing attacks aimed at senior employees like the CEO or CFO).
Without a business VPN service designed for accountancy firms and financial advisors, it becomes an incredibly easy task for a cyber criminal to access the data finance professionals send over unsecured networks – and use that data to impersonate a senior director, have money transferred to a fake account, or access confidential trade data.
It could even be possible, depending on how much information an accountancy firm holds, for cyber criminals to forego the trouble of spear phishing information and simply engineer direct frauds using the data stored and served up to them by a weak security system.
Falling victim to a cyber attack is devastating for an accountancy firm and is something they may never recover from. To protect employees working remotely, a business VPN service must be considered. Without it, they expose themselves to the following risks:
Cyber attacks are at a record high and – according to our independent research – SMBs are simply not equipped to protect against them. In our independent market research report, ‘Under Attack: Assessing the struggle of UK SMBs against cyber criminals’, we take a look at the current cyber security landscape and ask 500 senior IT decision makers how they feel about the current cyber solutions available… and if they can protect against cyber attacks.