Guarding Against Cyber Attacks: The Benefits of Outsourcing Contractor Payroll

An unfortunate side effect of our modern, technology driven world is the proliferation of cyber attacks upon small businesses. Recent statistics indicate that around the world nearly half of all small to mid-sized businesses suffered at least one cyber attack in the last year and that approximately 90% of all cyber attacks target small businesses.

These somewhat alarming statistics throw up further compelling reasons for you and your small business to outsource your contractor payroll commitments. For business owners, data protection is not a matter that can be taken lightly; failure to comply with strict rules and regulations regarding the storage of sensitive information on staff and contractors can have a serious and devastating impact upon your business. Primarily of course, your reputation will be in pieces – who will want to trust you in the future? But the financial penalties can also be ruinous, so unless you have a top of the range cyber expert to protect your business, complete with an effective strategy to cope with data theft, then it will probably be the right choice to outsource all of your payroll services.

Clearly however, you will want to collaborate with a reputable company that specialises in contractor payroll, that offers transparency and will work with you to absolutely mitigate your risk, and will do so at an affordable cost to your business.

Protect your company and its reputation, whilst instilling your contractors with moral boosting confidence by entrusting your contractor payroll to the secure and reliable hands of PayPartners.