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Essential Strategies for Safeguarding Your Employees' Confidential Information

ARTICLE | August 30, 2024

Authored by Vasquez + Company


Safeguarding employee information is crucial in today's digital age, where cybercriminals pose a significant threat to sensitive data. The article "How to Safeguard Your Employees' Confidential Information" provides essential steps employers can take to protect personal and financial details from breaches. It covers various types of data at risk, including Social Security numbers, medical history, and bank information, and offers practical measures such as developing an information retention policy, restricting data access, and upgrading software.

Key Points

  • Types of Data at Risk: Understand what employee information is collected and how to handle it responsibly.
  • Develop an Information Retention Policy: Clearly define data collection and retention practices.
  • Restrict Access to Data: Limit access to sensitive information based on necessity.
  • Keep Records Safe: Secure both paper and electronic records with proper safeguards.
  • Minimize Use of SSNs: Use alternative identifiers where possible.
  • Train Employees: Educate staff on recognizing and avoiding phishing and other scams.
  • Upgrade Software: Invest in current cybersecurity solutions for better protection.
  • Investigate Quickly: Respond promptly to any data breach incidents.

For more information, read the full article here.

 


Our firm provides the information for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. This article is not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.

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​Vasquez + Company LLP has over 50 years of experience in performing audit, tax, accounting, and consulting services for all types of nonprofit organizations, governmental entities, and private companies. We are the largest minority-controlled accounting firm in the United States and the only one to have global operations and certified as MBE with the Supplier Clearinghouse for the Utility Supplier Diversity Program of the California Public Utilities Commission.

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