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Money at Risk: Finance & Data Security in the Digital Age

NexusTek

Chief among these is the unarguable fact that financial services organizations are consistently a top target for cyber threat actors, a reality that exists in tension with the #1 criterion customers use to evaluate financial institutions: security 1. And when it happens, a ready-to-implement plan will be of the utmost importance.

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Internal Controls & Fraud Prevention

Reciprocity

For example, all activities related to financial record-keeping, authorization, reconciliations, and reviews should be divided among different employees. For instance, all sales receipts and bank account deposit preparations should be documented. Internal auditors can also search for fraud and mitigate potential damages.

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45 World Backup Day Quotes from 32 Experts for 2023

Solutions Review

That is why it is so important to test your plans and recovery and make the business a large part of that effort to ensure something small doesn’t become an issue.“ Companies need to adhere to the law, govern data accordingly and have a recovery plan in place.

Backup 119