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Understanding Florida’s Workers’ Compensation Laws

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Why Payroll Is a Prime Target for Cyberattacks

 

The digital space is continuing to grow and evolve every day. With so much of life conducted online, it’s more important than ever to protect your personal information from vulnerability.

 

Payroll systems, however, have become a prime target for cyberattacks. They contain some of the most confidential employee information that a business manages—including Social Security Numbers, tax identification numbers, addresses, salaries, and direct deposit information. A single breach can expose hundreds of records—if not more—leading to financial fraud, identity theft, and compliance violations.

 

Cybercriminals may not even need to break into a company’s system to gain information. They may simply trick an employee into handing over credentials or clicking on a malicious link, making payroll fraud prevention crucial for any business. It’s essential for business owners, HR managers, and IT directors to know how to protect their employees and prevent data breaches.

 

Let’s dive into the types of threats facing payroll systems today, what businesses risk without proper security, and how PEOPayGo prioritizes cybersecurity in payroll services.

 

Types of Threats Facing Payroll Systems Today

 

There are many types of threats facing businesses that may not even require a hacker to gain access to their payroll system. Let’s take a look at some of the most common cybersecurity threats.

 

Phishing

 

Phishing scams occur when cybercriminals trick individuals into providing sensitive information. Many attackers will impersonate someone from the HR or IT department and send fake emails to employees to steal their login credentials.

 

Ransomware

 

Hackers may use malicious software to lock payroll systems until a ransom is paid. If the company chooses not to pay the ransom, the cybercriminals may leak the stolen data.

 

Insider Threats

 

Insider threats come from the organization itself rather than someone outside of it. Unhappy employees or contractors could misuse their access to payroll data.

 

Insecure Integrations

 

In some cases, attackers find poorly secured third-party apps connected to the payroll systems and take advantage of those vulnerabilities to get the information they want.

 

Weak Passwords

 

When employees create weak passwords or fail to use the multi-factor authentication, it makes it far easier for hackers to guess their credentials and break in.

 

What Businesses Risk Without Proper Security

 

A lack of security can have a major negative impact on a company. Here are some of the things that businesses risk when they don’t have proper security in place.

 

Financial Loss

 

Companies can face significant financial losses during an employee data breach. From incident response and legal fees to lost revenue and reputational damage, the impact of financial loss on a company can be drastic.

 

Employee Trust

When personal information is compromised, employees may lose confidence in their employer. When trust dwindles in the workplace, employees tend to walk away.

 

Operational Downtime

 

The financial loss and legal consequences that stem from compromised payroll systems could result in payroll delays and operational downtime.

 

How PEOPayGo Prioritizes Cybersecurity in Payroll Services

 

Professional employer organizations (PEOs) take on the administrative tasks of businesses like payroll, workers’ compensation, benefits administration, and risk management. Because they’re regularly handling sensitive employee information, cybersecurity is essential. Here’s how PEOPayGo prioritizes security in their payroll services.

 

End-to-End Encryption

 

This is a security method that ensures when messages are sent via their platform, only the sender and receiver can read them.

 

Multi-Factor Authentication

 

By requiring more than one form of identification, multi-factor authentication ensures only verified users can access payroll systems.

 

Regular Security Audits

 

Trusted PEOs want to make sure they’re in compliance with industry regulations and best practices. PEOPayGo undergoes third-party security audits in order to maintain that standard.

 

Role-Based Access Control

 

Ensuring permissions are granted based on user roles means a lower possibility of security threats from within the company.

 

Employee Training and Awareness

 

PEOPayGo implements training programs that help keep employees educated on how to spot phishing attacks and manage payroll securely.

 

Secure Your Payroll Data with PEOPayGo’s Trusted Protection

 

A payroll breach can be detrimental to your company. When you partner with a trusted PEO like PEOPayGo, you can rest assured that your systems are secure. If you’re ready to secure your payroll data with PEOPayGo, reach out to their team of experts today.

 

Contact us today to get the coverage and support you need!

No matter what type of career you have and how careful you are on the job, accidents at work can happen every day. Workers’ compensation laws can help protect employees by ensuring they receive the compensation and support they need in the event that they’re at work.

 

Each state has its own rules and regulations regarding workers’ compensation. In Florida, the process of receiving compensation due to a work-related injury can be daunting. Whether you’re an employer or an employee, before an accident occurs, it’s a good idea to have a complete understanding of workers’ compensation laws in Florida and how they can impact you.

What is Workers’ Compensation?

Workers’ compensation is a type of insurance that aims to support any employee who gets injured at work or becomes ill specifically due to their work. Employers pay for this coverage in its entirety, so there’s no cost to the employee. Workers’ compensation typically covers medical expenses, rehabilitation costs, lost wages, disability benefits, and when necessary, death benefits for dependents.

What are common causes of injuries reported in workers’ comp claims?

Depending on the type of job you have, common workplace injuries can look very different from person to person. The Division of Workers’ Compensation offers an extensive breakdown of work-related injuries that took place in Florida, which county in the state they happened, as well as the cause and nature of the accident.

 

So far in 2023, strains and sprains are the most common workplace injuries, with 8,888 incidents happening in Florida alone. There have been 8,624 slip-and-fall accidents since the beginning of the year. Struck- or injured-by has been the cause of 4,206 work-related accidents so far this year. All other causes of injury—from burns and cold exposure to motor vehicle and heavy machinery accidents, and everything in between—add up to 8,254 cases since the beginning of 2023.

 

With nearly 30,000 cases in Florida this year alone and over $400 million in benefits, it’s clear how crucial worker’s compensation is for the protection of your employees as well as your company.

Who’s eligible for workers’ compensation in Florida?

To be eligible for workers’ compensation in Florida, you must first be an employee of the company, as independent contractors unfortunately aren’t eligible for workers’ comp. Anyone employed as a full-time, part-time, or seasonal worker will most likely be covered, provided the company offers workers’ compensation.

 

While most work-related injuries in Florida will be covered by workers’ comp, not all are. It’s imperative that you offer as much evidence as possible to prove you were either injured on the job or became ill as a direct result of your job. If intoxication or misconduct of any kind was a factor in your injury, you likely won’t be eligible for benefits.

 

If you were injured on the job, it’s important to file a Florida workers’ compensation claim as soon as possible to help ensure you receive the compensation and support you deserve. Seek medical care as soon as you can, and be thorough with your documentation along the way.

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