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To mitigate these risks and secure financial data, pairing your Sage 100 with a secure payment gateway provider with robust security features is key. By adhering to these standards, businesses can reduce data breach risks and maintain regulatory compliance.
Now more than ever, businesses are focusing on preventing data breaches and implementing response protocols to mitigate breaches if they occur. According to the 2023 IBM Data Breach Report , the global average cost of data breaches was $4.45 million this year, up 15% over the last three years.
Kiosk payments mitigate these risks by managing payments electronically with built-in encryption, secure data storage, and authentication measures. Robust security measures: Kiosk systems must use secure dataencryption protocols to protect sensitive financial data during transactions with multiple security layers.
But with a paperless accounts payable system, seamless data flow and automated workflows ensure these challenges are effectively mitigated. Your paperless AP system should have robust data security measures like encryption, secure data storage, and userauthentication.
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