Press Release: July 27, 2017
Data Security is an often side-lined concern until security flaws such as the recent malware or ransomware attacks bring it back into the limelight.
Companies need to be conscious of data security while selecting HRIS or payroll solutions as these solutions predominantly handle sensitive personal and financial information which need to be safeguarded.
Ideally, solution providers need to incorporate the best practices as laid out in the Data Protection Act, GDPR or ISO 27001 Standard to ensure that customer data is both safe and secure.
Payroll Business Solutions' belief that data security accreditations are part of continuous process improvement that all companies should adopt was a step in the right direction. Following their recent ISO 9001 certification, they wanted to formalise their ongoing internal data security best practices to ensure they were up to International Standards.
They have now achieved their ISO 27001:2013 certification. And were certified by The British Assessment Bureau on 30/05/2017 which formalises their internal data security measures to an International Standard.
The news received approval from many of their long term clients and new prospects as the ISO certifications helps cut down the extensive and complex due diligence processes both during new contract sign up’s as well as annual service reviews.
The ISO 27001 family of standards ensures the secure management of financial information, intellectual property, employee details, and third party information by assisting firms in establishing methodologies and meeting key objectives for implementing information security.
Payroll Business Solutions’ systems and processes underwent in-depth testing and assessment by a third-party auditor to validate compliance with this standard. Maintenance of the certification requires an annual review and a three-year re-certification, giving our customers and users confidence that their data is continuously protected under this standard.
As the most widely adopted security standard in the world, the ISO 27001 establishes the requirements for an Information Security Management System, which is a systematic approach to managing sensitive information.
They hope this move prompts other payroll service providers to consider these best practices which will improve customer confidence and safety in our sector.
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