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How Excel Spreadsheets Can Create a Data Security Risk for Businesses

Centage

Lack of Security Features Excel may be an easier target for hackers due to inadequate encryption features for protecting your sensitive business information, such as identifiable details and confidential financial data. Without separation of duties or an audit that can track who has had access to the data, fraud can occur.

article thumbnail

How Excel Spreadsheets Can Create a Data Security Risk for Businesses

Centage

Excel may be an easier target for hackers due to inadequate encryption features for protecting your sensitive business information, such as identifiable details and confidential financial data. According to a study by Cisco, Excel is one of the top Microsoft Office formats that receive malicious file extensions.