Strategies to keep payroll cybersafe

Phishing, social engineering being used to acquire data
By Sheila Brawn
|Canadian Payroll Reporter|Last Updated: 05/30/2018
Cybersecurity
Trustwave’s 2018 Global Security Report ranked phishing and social engineering as the most common threats to corporate networks, at 55 per cent of all incidents. Credit: solarseven (Shutterstock)

Malware. Ransomware. Phishing. Social engineering. While these words may sound like they are from science fiction, they are actually some of the methods that cybercriminals use to attack organizations’ operations — including payroll data.

“Different kinds of attacks or different kinds of breaches can happen to any company’s payroll department,” said Sangameswaran Manikkayam, manager of system engineering in Canada for security services provider Trustwave.

That payroll data is valuable because it includes employees’ personal information, such as social insurance numbers and bank account numbers, which can be used for identity theft, he said.