Impact of COVID-19 on cybersecurity The global pandemic significantly intensified fraudulent activities as many people become more vulnerable to cyber threats while working remotely. According to the Annual Cyber Threat Report 2020-21 from Australian Cyber Security Centre, there were over 67,500 cyber-attacks reported, an increase of nearly 13 per cent from the previous financial year. During the fiscal year 2020-21, …
Australian accountants living in a digital age: 3 key cyber skills
Over the past 1-2 years with the implementation of working from home there has been a significant increase in cyber attacks on these more fragile systems. A large number of Australian firms (small and large) have been subject to cyber attacks, which are growing increasingly more clever and more complex. At the same time, many firms are paying ransoms paving …
The top 3 focal points for Australian accounting firms in the current COVID environment
The coronavirus pandemic continues to impact Australian accounting firms at several levels including technology adaptation, staffing issues, customer issues, online training, and scammers adopting to a new scams in a Covid reduced travel world. Working from anywhere has opened up Australian accounting outsourcing to overseas destinations, making this more relevant than ever before! If your firm is using work from …
How Outsourcing Services Bring Value to Australian Accounting Firms
In the past few years, the outsourced accounting industry has kept bringing a lot of values to Australian accounting firms. More and more accounting firms have begun to outsource much more complex jobs not only bookkeeping or data entry, but also tax return, SMSFs, etc. What are the major factors that have driven the high demands of outsourced services in …
