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Should online accountants review their privacy policies?

Should online accountants review their privacy policies?

Analyst firm Gartner has predicted that a lot of businesses will concentrate on revising their privacy policies next year in the wake of ever-advancing technology.

The firm expects more than 50% of companies to tweak, or update, their existing policies to fit new regulations and the increased threat of cyber crime. Data breaches will more than likely be at the forefront of many privacy officers’ minds, Gartner suggests. However, it went on to say that the majority of companies should have adequate controls in place already and should only need to devote around 10% of their time to data security issues.

The second most likely area for privacy officers to focus on is location-based services such as cloud computing. The remote nature of these services makes them at odds with privacy. Another task will be to evaluate and create a process for determining the sensitivity of different sorts of information, but as with data security, once a process is established, it should only take around 10% of people’s time to maintain.

Finally, Gartner warns privacy officers that they must take the ever-changing regulatory environment into consideration and ensure they adjust company policies without getting too distracted by the changes.

Meanwhile, Stuart Hibbert, the chief executive of icomplete.com, has been extolling the benefits of cloud computing services. He explained that the cloud can provide businesses with low cost, high levels of functionality.

The biggest benefit of taking to the cloud is that you don’t need to buy your own servers, set the system up or back it up at the end of the day. It’s available 24/7 at a very small price. Hibbert also claimed that businesses will see increased productivity if they move to the cloud because users spend less time chasing people up.

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Image: Privacy by rpongsaj

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