Why payroll professionals should be a company’s first and last line of defence in fighting fraud and cybercrime.
Cyber threats are a growing concern for businesses worldwide. By one measure, 75% of global companies experienced at least one security breach in 2024, and one-third of respondents had more than six incidents.
Payroll is a particularly appealing target for cybercriminals because of its access to a company’s finances. Even if you don’t consider yourself a cybersecurity expert, payroll should be a company’s first and last line of defence in the war against cybercrime. If your organisation isn’t so large as to have a dedicated cybersecurity team, it’s even more important that payroll be actively involved in safety training and contingency planning. Here’s what you should know about cybersecurity in payroll.