Sponsored Content provided by SuperRecords | Proud partner of the SMSF Association
Blog post
Many mid-tier accounting and financial planning firms outsource their SMSF administration, whether it’s due to overhead costs, lack of time, or the current skills shortage.
Unfortunately, firms may unknowingly be putting their clients’ data at risk if they work with an outsourcing provider that doesn’t have its own data protection policy. And after some of Australia’s largest companies were successfully hacked in 2022, it’s become absolutely critical for accounting and financial planning firms of all sizes to protect their clients’ confidential information.
Not doing so risks heavy losses: the Australian Cyber Security Centre reported that between 2021 and 2022, each reported cybercrime cost a small business up to $40,000.
Read the full Blog Post on SuperRecords’ website here!
Disclaimer: The information contained on this page is provided for educational purposes only, is general in nature and is prepared without taking into account particular objective, financial circumstances, legal and tax issues and needs. The information provided in this article is not a substitute for legal, tax and financial product advice. Before making any decision based on this information, you should assess its relevance to your individual circumstances. While the SMSF Association believes that the information provided in this article is accurate, no warranty is given as to its accuracy and persons who rely on this information do so at their own risk. The information provided in this bulletin is not considered financial product advice for the purposes of the Corporations Act 2001.