26th January 2016
An employee within the payroll department at delivery firm Yodel, who defrauded the company out of £300,000, has again highlighted the need for companies to review their payroll data security procedures both in house or externally through an outsourced payroll provider.
While working in the payroll department at Yodel, the employee duplicated redundancy payments so that money paid to employees made redundant was also paid into eight personal bank accounts.
Data security continues to be a primary concern for businesses. From the data breach and theft at supermarket chain Morrisons to the Carphone Warehouse breach of customer data, the need to protect organisations from internal or external vulnerabilities is becoming painfully apparent.
For companies holding employees’ sensitive personal information for payroll purposes, it is clearly essential to ensure the right processes and procedures are in place to safeguard the data. Whilst the control and procedures over payroll data held by an outsourced payroll company may be keeping you awake at night, a new ebook from IRIS FMP Payroll Services looks both internally and externally at how organisations should ensure that data is protected from falling into the wrong hands.
The eBook highlights the processes that should be in place to vet employees, whether internal or external, what physical security should be deployed to restrict unauthorised access to the payroll bureau and how effective the security technologies and processes should be in order to safeguard data – especially data in transit. The ebook should be a checklist for any company.
No company can afford for employee data to fall into the wrong hands, whether as a result of a sophisticated hack or simple human error resulting from inadequate training and data awareness.
If you want to read how much we value security and the right approach, check out how we’re accredited here.