As you read this, you might have heard people talking about the benefits of cloud technology, using which you can access almost everything remotely. But, on the other hand, there is QuickBooks – your preferred choice for accounting software for your business.
Like many other business owners, the thought of data security came across your mind while planning to switch to cloud-hosted QuickBooks. It’s nearly apparent, based on the rise in cyberattacks worldwide. Still, a recent IDG survey says that more than seventy percent of organizations rely on the cloud to host business applications. You do not want to lose your client’s accounting and taxation data, which is why you want to ensure that QuickBooks cloud hosting is entirely safe for your business.
While there is no doubt that the cloud hosting industry is witnessing an upward trend, the question is: Should you trust this technology to protect your QuickBooks and business-sensitive QB data files?
Read more to dig deeper into this aspect before you make any decision.
Is Your QuickBooks Application and Data Safe When Hosted on Cloud Servers?
Next to hearing stories about security breaches, you might be wondering if QuickBooks cloud hosting is as safe as expected.
Before we dig deeper, consider this alternative to cloud-hosted QuickBooks – a local-hosted QuickBooks application. Application and data stored on an in-house server in your office may seem safe and secure. But safety is compromised when there is a natural or man-made disaster, like a flood or fire. For example, all the QB files could be lost instantly, as it happened to many other big businesses earlier. In addition, the vulnerability to viruses and ransomware is higher in the local-hosted environment.
There is nothing to worry about as you can mitigate these risks with QuickBooks hosting services. From 24/7 onsite security to data encryption and more, cloud-based QuickBooks usage is highly defensive to possible threats.
Want to know more about how exactly cloud security works? Read further.
How is Your QuickBooks Protected on Dedicated Cloud Servers?
Envision ‘QuickBooks on cloud’ as a way to access the application floating around in the network of remote servers, waiting for you to access it when needed. Here are the three main factors that ensure maximum security for cloud-hosted QuickBooks:
End-to-end Data Encryption
Not every business owner trusts the cloud when it comes to hosting critical applications. It is because of the risk of unauthorized access attempts by cybercriminals, which can cause significant losses. However, with QuickBooks cloud hosting, such security concerns are resolved with the help of end-to-end encryption.
The encryption process generally involves using public and private keys to decrypt the data. It means an unauthorized user cannot cause any harm because of not having the required keys for cloud access.
In layman’s terms, data loss refers to the uneasiness faced by businesses because of incidents like hardware failure. Any permanent data loss resulting from an unfortunate event can cause severe problems in keeping a business up and running. The last thing any business owner would expect is any such occurrence.
QuickBooks on cloud can give you peace of mind while dealing with such possible scenarios. Moreover, reputable cloud service providers ensure automated backups of data so that you can easily retrieve it in case of data loss.
A simple statement that is widely accepted in terms of adding security layers to the data is – the more, the better.
In most cases, the cloud access password is the primary layer of authentication. But with multiple layers of user authentication added to the system, the cloud solution providers restrict any unauthorized access to the remote servers. You can get this benefit with QuickBooks cloud hosting in the form of multi-factor authentication.
If you rely heavily on the QuickBooks software, transitioning to QuickBooks hosting will be highly advantageous for you. It is a must in the current digital age in which data security measures are not any luxury but a necessity.
Interested in learning how we can help you ensure utmost data security? Get in touch with us at 1-855-583-7486.