Global tax systems are responsible for handling and storing vast amounts of data. Whether it’s details of a supplier’s transactions with its customers, or personal financial information, this data is an important commodity, the protection of which is paramount.
It’s also increasingly vulnerable. Over the last 18 months, opportunistic cyber criminals have taken advantage of crisis conditions to infiltrate the networks of organizations across the globe.
Cyber attacks increased in both frequency and intensity at the height of the COVID-19 pandemic – the first half of 2020 saw a 273 percent rise in the number of large-scale data breaches compared to the same period 12 months earlier.