Does your Accounting Software have features to withstand Cyber Attack?

Popular Post

Login – E-Way Bill

Click Here To Login E-way Bill Login-E-waybill Electronic way bill i.e. E-Way bill is the bill generated on the E-Way Bill...

Capital Gains Tax, Long Term Capital Gains and Short Term Capital Gains Tax in India

Know About The Capital Gains Tax India What is Capital Gains? Kinds of Capital Gains Long Term Capital...

Steps To Apply New Pan Card & Complete Application Process

Article Content : What Kind of Online Services offered by NSDL? Steps to follow for online PAN Card Form...

Make In India Objective- Program, Schemes, Eligibility, Sectors & Benefits

Article Context: Introduction of Make in India Campaign Idea Behind Make in India Plan Objectives of Make in India...

What we can expect from Budget 2019?

Expectations among Indian citizens are already reaching great heights as Finance minister, Mrs Nirmala Sitharaman is all set to...

(DA) Dearness Allowance – Meaning, Rates, News and calculation of DA

Latest News on Dearness Allowance: 7th Pay Commission news: In the 7th pay commission minimum wage, dearness allowance for...
Marg ERP Ltd
MARG ERP Ltd. has its expertise in providing the perfect customized inventory and accounting solutions for all businesses to get GST compliant.

With the implementation of GST around 3 to 5 crore new businesses are expected to get added to the new tax regime. Moreover, there are 80 lakhs taxpayers who are already registered with the present taxation system and will be migrating into GST. The provisions of the new tax law are such that it has become almost impossible to work without the adoption of digital technology and proper accounting software.

Besides the merits of Digital technology, there are even demerits termed as a cyber attack. Therefore, any business organization which is going to buy accounting software should go for such a software that not only solves its taxation problem but also provides world-class cyber security features.

The recent news of cyber-attack across the world has made the situation a bit tensed out. Ransomware, a dreadful malware is a major concern for many countries as it is targeting the software of all the companies whether it’s an MNC or SME or individuals.

Before proceeding further let’s be aware of Ransomware, it’s a technique used by hackers that lock user’s files,s and to get it unlocked they need to pay the attackers in the form of Bitcoin an cryptocurrency and a digital payment system.

The multinational cyber security team has said that these attacks are seen encrypted with the extension “WCRY” and could be noticed as infected filenames. In India too the cyber security agency ( CERT-IN) has issued a red alert with the Wanna Cry attack.

A recent report shows that ransomware has already jeopardized the computers in Britain’s hospital network, Germany’s national railway, and other companies and government agencies worldwide.

The cyberattack after hitting dozens of countries on Friday 12th of May 2017 has been reported to hit more than 29000 institutions in China this morning. The attack is one of the biggest attacks ever recorded, disrupting computers that run factories, banks, government agencies, and transport systems.

Cybersecurity researchers are already working day and night to find a solution for the biggest cyber-attack and for the time being have all the governments of different nations have advised people on how to protect against the dreadful attack of Ransomeware.

Therefore SMEs and MSMEs going for accounting software to manage their accounting after implementation of GST should opt for such accounting software which provides worlds class security features against the threat of cyber attack

- Advertisement -



Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Unlocking Opportunities: Low-Income Housing Tax Credit for Developers

Introduction Affordable housing is a critical issue faced by communities around the world. In the United States, the Low-Income Housing...

Empowering Seniors Through Community Service Employment

Introduction As societies continue to evolve and demographics shift, it becomes increasingly important to address the needs and aspirations of our aging population. Seniors possess...

Section 8 Housing (HUD): A Lifeline for Affordable Housing

Introduction In an era where housing costs continue to rise and income inequality persists, the need for affordable housing options is more critical than ever....

SCHIP: Bridging the Gap for Children’s Health Insurance

Introduction Access to quality healthcare is a fundamental right that should be available to every individual, regardless of their socioeconomic status. However, for many low-income...

Understanding the Refundable Child Tax Credit: A Boost for Families

Introduction In a bid to support families and provide financial relief, the government has introduced various measures over the years. One such measure that has...
- Advertisement -

More Articles Like This