Securing Your Business with Cybersecurity in MYOB Advanced (Acumatica)

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Cybersecurity is a critical aspect of modern business operations. Concerns about data security continue to grow as more companies turn to cloud-based solutions for their Enterprise Resource Planning (ERP) needs. MYOB Advanced Business (Acumatica), a leading cloud ERP platform, addresses these concerns through encryption protocols, secure access controls, and real-time monitoring mechanisms. Business owners and software end-users should understand the basics of cybersecurity and how MYOB Advanced ensures the safety of your data as part of your long-term pathway to the cloud.

What is Cybersecurity?

Cybersecurity encompasses a range of practices, technologies, and processes designed to protect computer systems, networks, and data from unauthorised access, attacks, and damage. As businesses digitise their operations, the need for robust cybersecurity measures becomes even more critical.

How MYOB Advanced (Acumatica) keeps your data safe

The MYOB Advanced (Acumatica) platform relies on a multi-faceted approach to ensure your sensitive information remains protected:

1. Advanced Encryption: MYOB Advanced (Acumatica) employs state-of-the-art encryption techniques to safeguard data both in transit and at rest, ensuring that the information remains unintelligible even if unauthorised access occurs.
2. Role-Based Access Control (RBAC): This ensures that users have access only to the data and features necessary for their roles. This granular access control minimises the risk of unauthorised users compromising sensitive information.
3. Continuous Monitoring: Real-time monitoring tools promptly detect and respond to suspicious security incidents or potential breaches. MYOB also conduct regular security audits and assessments on MYOB Advanced (Acumatica) to identify and address potential vulnerabilities. This approach helps to avoid threats and maintain a robust defence against cyber-attacks.
4. Backups and disaster recovery: Amazon Web Services (AWS), the hosting provider for MYOB Advanced, implements robust backup and disaster recovery protocols, ensuring the availability and integrity of data even in unforeseen circumstances.
5. 2FA and Single Sign-On (SSO): Two-factor authentication (2FA) provides basic authentication for employees. By enabling 2FA, organisation owners limit the likelihood of data being compromised. In addition, MYOB Advanced (Acumatica) offers Single Sign-On (SSO). This eliminates the need to remember multiple usernames and passwords by allowing secure logins to many applications with just one set of credentials.
6. Compliance Standards: MYOB Advanced (Acumatica) adheres to industry-specific compliance standards,  including GDPR and HIPAA, providing businesses with the assurance that their operations align with the highest data protection and privacy requirements.

The User’s Role in Preventing Cyber Security Attacks

While MYOB Advanced (Acumatica) implements robust security measures, users also play a crucial role in preventing cyber-attacks. Educating users on best practices and security awareness is fundamental. Here’s how users can contribute to the cybersecurity efforts:

Password Hygiene

Encouraging strong and unique passwords is the first line of defence against unauthorised access. Regular updates to passwords also add an extra layer of protection against potential breaches.

Training and Awareness Programs

Users should be educated about phishing attacks, social engineering, and other common tactics employed by cybercriminals. Regular training programs can enhance users’ ability to recognise and avoid potential threats.

Device Security

Ensuring that users’ devices are adequately secured with updated antivirus software and firewalls is essential in preventing malware attacks.

Secure Communication

Users should be aware of secure communication practices, especially when sharing sensitive information. Encrypted communication channels add an extra layer of protection.

How does MYOB Advanced (Acumatica) prevent cyber security attacks?

MYOB Advanced (Acumatica) employs a proactive and comprehensive approach to prevent cyber security attacks. The platform incorporates the following strategies.

Intrusion Detection and Prevention Systems (IDPS)

MYOB Advanced (Acumatica) utilises sophisticated IDPS to identify and thwart potential security threats in real time, mitigating the risk of unauthorised access or data breaches.

Regular Software Updates and Patch Management
Keeping the system up to date with the latest security patches is crucial. MYOB Advanced (Acumatica) is regularly updated to stay ahead of any vulnerabilities and enhance system security.

Firewall Protection

MYOB Advanced (Acumatica) employs robust firewall mechanisms to monitor and control incoming and outgoing network traffic, acting as a barrier against malicious activities.

Incident Response Plan

In the event of a security incident, MYOB Advanced (Acumatica) has a well-defined incident response plan in place. This ensures a swift and effective response to minimise potential damage and secure the system.

More ways MYOB Advanced supports your organisation

Having the right help, tools, and knowledge can make the difference between a good and bad day. Our archive of MYOB Advanced Business Tips and Tricks is the guiding hand for your business to minimise errors, save time, and improve business efficiency.

Talk to Kilimanjaro Consulting today about Securing Your Business with Cyber Security in MYOB Advanced (Acumatica). Contact our team by emailing sales@kilimanjaro-consulting.com or call 1300 857 464 (AU) or 0800 436 774 (NZ)