Note: We are tracking the latest construction industry news and online resources for contractors in time of COVID-19.
For U.S. Small Business Administration's (SBA) Three-Step Disaster Loan Process, click here.

FEA Randal And Train
Call Us At 1-800-361-1770
Bookkeeping Trial Test Drive
Outsourced Accounting
Contractor Bookkeeping Templates For QuickBooks And Xero
Construction Accounting Academy

    Cybersecurity Tips For Construction Business Owners

    Posted by Sharie DeHart on Fri, Apr 10, 2020

    It's natural for small business owners to think that they won't be victims of cyber attacks. Most of the news surrounding hacking and data breaches involve large corporations, but that is because that's where a high number of victims are affected. Hackers may find they have an easier time going after small businesses and start-ups that aren't prepared for a security breach. 
     
    So while they might get less information from a small business, thieves will have an easier time accessing that information. If your construction company keeps any time-sensitive information on a computer network—whether that is personal information, credit card details, or other vital data—you need to ensure your cybersecurity is top-notch, so you, your business and your clients are fully protected. 
     

    Keyboard touch with high tech user interface graphic

    Here are some tips for enhancing your cybersecurity. 

    1. Keep your employees informed 

    The unfortunate truth is that human error is one of the portholes through which hackers can attack your business. Employees are always hooked up to your network, whether that's through email, company-provided computers, or working from home.

    Make sure you have security protocols for accessing your network and ensure your employees are aware of them. Keep a checklist handy that your employees—and anyone who accesses your system—can reach. Regularly update your policies to reflect the new techniques cybercriminals develop. 

    Here are some questions to ask: Are there rules about when employees can be connected to your network or what they can do while connected? Do you have policies about password protection? Are employees allowed to take company laptops and tablets home with them? If so, what are the rules around doing so?

    2. Update your network regularly

    Your computers, network, and system should be updated periodically. These updates provide additional protection for your company. As developers become aware of new threats, they create programs designed to prevent the latest hacker techniques and spread those through updates. Old, outdated networks are easier for hackers to access. 

    In addition to updating your network, take the time to regularly inspect your system for weaknesses and take steps to address those vulnerabilities. 

    3. Be aware of information breaches

    It isn't just credit card information that hackers are after. Personal details, passwords, and other sensitive data can be sold and used for fraudulent purposes. Your construction business may not collect credit card and additional payment information, but that doesn't mean you don't have documents that are valuable for hackers. 

    If you have any information that could be bought, used for fraud or identity theft, or used for extortion, you need to take steps to protect that information. 

    Once your network has been hacked, you risk losing your clients' trust. Once that trust is gone, it's hard to get it back. 

    4. Keep up-to-date on the latest scams and threats

    Monitor the media and security sites to keep yourself informed about the latest techniques being used by scammers so that you'll be better able to identify them if they approach you. For example, phone calls to your business asking your staff for information, or that there is an issue with the company computers that the caller can help fix.

    FEA Cybersecurity

    As an accounting firm, our client's privacy and security remain our top priorities and are continually looking at ways to develop and evaluate our system to prevent a breach and network holes. We utilize 128-bit Secure Socket Layer encryption, which ensures that all data passed between the web server and browsers remain private and integral. There are two levels of restrictions, and passwords must be entered before you can get your data file.

    At Fast Easy Accounting, Cloud Security is not an option- it is a fundamental requirement. We only use Intuit Approved Commercial Hosting Services. We have taken steps to select the best to ensure that your data is as secure as that found for online banking and financial institutions. Their Cloud Security rests on U.S. based servers, backups, data centers, and technical support. Not one aspect of our Cloud security relies on outsourced services or offshore locations.

    Final thoughts

    Don't make the mistake of assuming that just because you run a small business or don't collect payment information that your construction business is safe from hackers. There is a lot of private information available that hackers and thieves can use to make money from, and companies small and large are targets. Be aware of vulnerabilities in your system, and take steps to address them before it's too late. 

    Online Data Protection is critical to being able to provide you reliable and professional-grade outsourced contractors bookkeeping services. The cost of proper bookkeeping combined with secured cyber information is priceless. Having clean, up-to-date bookkeeping records, accurate financial reports, and protected data all make up for a good night's sleep. After all, security comes from setting up Structure and Systems in place, so your construction business will run smoothly.

    About The Author:

    Sharie_DeHart_President_Fast_Easy_Accounting_Serving_Contractors_All_Across_The_USA_Including_Alaska_And_Hawaii-1Sharie DeHart, QPA is the co-founder of Business Consulting And Accounting in Lynnwood, Washington. She is the leading expert in managing outsourced construction bookkeeping and accounting services companies and cash management accounting for small construction companies across the USA. She encourages Contractors and Construction Company Owners to stay current on their tax obligations and offers insights on how to manage the remaining cash flow to operate and grow their construction company sales and profits so they can put more money in the bank. Call 1-800-361-1770 or sharie@fasteasyaccounting.com

     

    OUTSOURCED ACCOUNTING FOR 
    THE BUSY CONTRACTOR
    IN A MOBILE ENVIRONMENT

    Bookkeeping Trial Test Drive Contractor Bookkeeping Templates For QuickBooks And Xero
    Outsourced Accounting 1-800-361-1770


    Download the Contractors APP today
     from the 
    App Store or Android Store

    Access Code: FEAHEROS

    Click here to download the App on Android:

    Click here to download the App on iOS:

    Simply scan the QR code or search for ‘MyAccountants’ in the App Store and enter the Access code: FEAHEROS to utilize the powerful App features and capabilities, and benefit from having our Construction Accounting App at your fingertips, 24/7."

    PS: Even if you are not a Construction Contractor you will find a plenty of benefits in the app so we invite you to download it too! It's Free so why not?

     

    Topics: Construction Accounting, Contractor, Contractor Tips, Contractor Operating Tips, security, cybersecurity

    QuickBooks Setup And Chart of Accounts For DIY Contractors
    Download Our Free App For Construction Contractors

    click to download the Contractors APP now from the App Storeclick to download the Contractors APP now from the Android store

    Access Code: FEAHEROS

    accounting articles

    Subscribe by Email

    How Can We Help?

     
    Contractors Bookkeeping And Accounting Services

    Who We Help

    How We Help

    Next Step

    FAQ's

    Contractors Bookkeeping And Accounting Services

    Outsourced Construction Accounting Services For Contractors All Across The U.S.A. By Fast Easy Accounting 206-361-3950

    Serving Construction Contractors
    Across The U.S.A
    Including Alaska
    And Hawaii

    Podcast On iTunes
     
    Click Here To Listen In iTunes
    Contractor  Success M.A.P.
    Contractors Bookkeeping And Accounting Services

    Remote Access Your QuickBooks  Using Secure Servers

    Outsourced Bookkeeping Services For Contractors At Fast Easy Accounting

    Contractors Bookkeeping And Accounting Services

    T Sheets Pro Advisor Fast Easy Accounting

    Mobile Time Cards 

    Eliminate the job site to office paper shuffle

    Start My Free 14 Day TSheets Trial  

    Contractors Bookkeeping And Accounting Services

    Fast Easy Accounting Construction Accounting Specialists Member Of National Association Of Home Builders NAHB

    Contractors Bookkeeping And Accounting Services

    mbamember

    Join Our MBA Network

    Most Popular Posts

    Read the Latest:

    Browse by Tag

    badge

    Blog Suggestion Box

    We Remove Contractor's Unique Paperwork Frustrations

    Quickbooks certified proadvisor

    Xero-Accounting-Services-Fast-Easy-Accounting

    Financial-Intelligence-And-Performance-Reporting-Tool-Fast-Easy-Accounting Hubdoc-Document-Collection-and-Management-System MBA Member Fast Easy Accounting 206-361-3950
     
    contractor-success-map-podcast-listen
     
    Don't forget, you can hire our services at FastEasyAccounting.com
     
     
    How To Use Our Services