Top 5 Things Businesses Need to Know About Payroll Security - Mission to Grow: A Small Business Guide to Cash, Compliance, and the War for Talent - Episode #108

Mission to Grow: A Small Business Guide to Cash, Compliance, and the War for Talent

The episode features a cybersecurity professional who helps keep businesses safe. Please welcome Vice President of Information Security at Asure, Josh Gohman. Josh joins the show to share what things businesses need to be looking out for. Josh shares why being smaller doesn’t necessarily mean you are safer, how to implement best practices, and some of the common methods attackers will use.

Takeaways:

• There are various phishing tactics, such as manipulating urgency to prompt immediate action and exploiting trust in familiar systems like Office 365. Phishing is not limited to large corporations but also impacts small businesses due to attackers' ability to scale.
• Attackers' methods range from tricking employees into divulging credentials to directly infiltrating payroll systems. Awareness and stringent security protocols are crucial in mitigating these risks.
• Internal staff are vulnerable to email hacks that compromise credentials, enabling hackers to impersonate them and alter bank account details in the payroll system, train employees to promptly identify and report suspicious activities.
• It’s important to have proper training in place to ensure that security risk is held to a minimum. Businesses should adhere to appropriate record retention policies, disposing of unnecessary sensitive information promptly to minimize liability.
• Discussing how establishing clear processes for managing exceptions such as out-of-cycle payments and unusual requests is essential to mitigate risks and keeping your data secure.
• A multi-layered approach to payroll security, encompassing employee training, vendor vetting, physical security measures, and robust process management, is crucial for any business, regardless of size.

Quote of the Show:

• “In some cases, you're smaller, you're more vulnerable.” - Joshua Gohman

Links:

• LinkedIn: https://www.linkedin.com/in/joshuagohman/
• Company Website: https://www.asuresoftware.com/

Ways to Tune In:

• Spotify: https://open.spotify.com/show/2XThTdn7YC1lkAm0PgZUkj
• Apple Podcasts: https://podcasts.apple.com/us/podcast/mission-to-grow-a-small-business-guide-to-cash-compliance-and-the-war-for-talent/id1725890976
• Amazon Music: https://music.amazon.com/podcasts/328dddd0-3c4f-4b07-a0d3-13bdcb418486/mission-to-grow-a-small-business-guide-to-cash-compliance-and-the-war-for-talent?refMarker=null
• Audible: https://www.audible.com/pd/Mission-to-Grow-A-Small-Business-Guide-to-Cash-Compliance-and-the-War-for-Talent-Podcast/B0CS71KQFM?qid=1706208857&sr=1-1&ref_pageloadid=not_applicable&ref=a_search_c3_lProduct_1_1&pf_rd_p=83218cca-c308-412f-bfcf-90198b687a2f&pf_rd_r=A1ME8MBECSVZ6K4D7CNT&pageLoadId=QBtg12mqKsuZPLGY&creativeId=0d6f6720-f41c-457e-a42b-8c8dceb62f2c
• Podchaser: https://www.podchaser.com/podcasts/mission-to-grow-a-small-busine-5591006