Each time I’ve looked at payroll business practises I’ve been amazed at the primitive security and lack of meaningful controls. Unauthenticated FTP, no checking of payroll instructions, widespread access to payroll information…just a few of the problems. good to see some initiatives from the payroll providers to improve things…:
[…] This week, one payroll software company, Paychex, announced the launch of its cyber liability protection product, a collaboration between Paychex Insurance Agency and AXIS Insurance Company. The solution exemplifies the opportunity that payroll and human capital management solution providers must marry their products with cybersecurity tools, with Paychex’s offering addressing not only the risk of cyberattacks on payroll systems but on other systems as well.