Are your Excel spreadsheets a cybersecurity risk?
The use of spreadsheets in accounting and finance departments has vastly improved data analysis and enabled fast and accurate reporting, computing and information storage. Life without them is almost unthinkable. However, danger lurks within and although the use of macros in Excel to automate processes can enhance efficiency, macro malware can put your entire business at risk says Ryan Mer, Managing Director of eftsure Africa, a Know Your Payee™ (KYP) platform provider.
Macro malware was fairly common several years ago because macros ran automatically whenever a document was opened. Microsoft has disabled macros by default in recent versions of Microsoft Office. However, Business Email Comprise (BEC) attacks are on the rise, adding an additional layer of risk of spreadsheets being manipul...