Understanding the Terms and Conditions of a Cashback Casino

Cashback bonuses are usually offered as part of a promotion or loyalty program by a casino. You can receive money back from these bonuses for any losses incurred during your gaming session. How much money can be reclaimed depends on what terms and conditions are laid out by the specific casino offering the bonus. It is essential to read through these terms carefully to be fully aware of what to do when it is time to claim your bonus.

Are there any fees associated with signing up for an account?

Most cashback casino accounts are free to sign up for and use. However, many casinos charge a fee for certain services or features associated with the account – it is crucial to read any terms and conditions of a given casino before registering to ensure that you are aware of any fees associated with it. Additionally, some casinos offer additional benefits or rewards for signing up for an account – such as bonus points or discounts on certain games or services. Be sure to check out these offers when considering which cashback casino account is right for you.

Are there restrictions on which games are eligible for cashback?

Generally, only certain games (for example – slots, blackjack, roulette, and baccarat) are eligible for cashback. Additionally, many online casinos are offering cash back on other types of games – such as video poker or scratch cards. However, it is essential to check all terms and conditions prior to playing to ensure that the game you wish to play is eligible for cashback. Additionally, some casinos restrict how much cashback can be earned from a particular game or over a certain period.

What you need to know about wagering requirements prior to registering

Before you register with a casino that offers cash back, it is a good idea to fully assess the wagering requirements associated with the bonus. ‘Wagering requirements’ are the required amount of times you must play with your bonus before you can withdraw your winnings. Generally, these requirements range from 10x to 50x, depending on the casino and type of bonus. Additionally, some casinos have maximum bet limits when playing with a bonus, which can affect how quickly you meet your wagering requirement. Again, be sure to read through all terms carefully before registering for a cashback casino so that you fully comprehend what is expected of you to take advantage of their bonuses.

To conclude, it is crucially important to thoroughly read and understand any terms of a casino before registering for an account. Knowing your rights and obligations can help ensure a positive experience when playing online.

EssenceMediacom launches new platform with Code Computerlove

Manchester-based product and service company Code Computerlove has delivered EssenceMediacom’s global platform as part of the new media agency’s official brand launch.  

Comprised of 10,000 people across 120 offices globally and led by Global CEO Nick Lawson, EssenceMediacom combines Essence’s performance, data, analytics and creative technology DNA with MediaCom’s scaled multichannel audience planning and strategic media expertise.

Creating the new brand platform, Code – part of EssenceMediacom Manchester – led on developing the digital brand and user experience design, then applied a cloud-based software as a service approach (SaaS), including Contentful as a content as a service provider (CaaS).

Iain Hardie, Digital Associate Director at EssenceMediacom, commented on the launch: “The official launch of EssenceMediacom has been nine months in the making, and we’re thrilled to see our new platform and brand a reality. Code has been vital in defining and launching a proposition that sets us apart in the market, simplifies our content management processes, and delivers a scalable, secure platform ready for tomorrow’s needs.

“From the initial discovery and research, design phase through to developing a unique software solution. Code have created a product that is dynamic, accessible, performant and showcases our mission of creating marketing breakthroughs for brands.”

Gemma Handley, Managing Director at Code, said: “We can feel the pressure when working for our client partners to tight deadlines with multiple stakeholders, but when that client is part of the same company, the pressure is really on to do a good job! The team here at Code and within EssenceMediacom have shown true collaboration, and empathy really does contribute to delivering a great product and having a good time along the way.”

ACCA Talent Trends survey reveals accountancy talent crunch in UK

  • 64% of accountants surveyed noted they are hybrid working, beating the global average (35%)
  • 39% expect to move to their new roles in the next 12 months

The world of work has gone through the biggest transformation for over a generation and a new era has begun: 39% expect to move roles in next 12 months, inflation is fuelling wage demands, concerns over burnout are growing, and the adoption of hybrid working has some way to go. 

In one of the largest ever studies across the accountancy profession,  ACCA UK’s (the Association of Chartered Certified Accountants) new annual Global Talent Trends Survey 2023 provides a unique and vital view of how people feel about their life at work.

Over 8000 professional accountants from 148 countries including the UK were asked about the concerns they held around work in the future as well as aspirations for their careers. The survey also assessed key workplace issues such as employee engagement, wellbeing, and attitudes to technology adoption.

The research highlights a talent crunch for employers as they struggle to retain staff with big career mobility ambitions and an eye on their next role. In the UK, 39% expect to move to their next roles in the next 12 months, and a further 21% over the next two years. Meanwhile the biggest worry for employees is the impact of inflation on salaries, as well as workplace stress.

At a time of significant workforce change and a challenging global economic climate, the survey indicates that a career in accountancy remains a smart choice for those seeking long-term career prospects and possibilities to continually acquire new skills. The opportunity to acquire a professional qualification which affords cross-sectoral and international mobility further adds to the perception that choosing accountancy leads to a career with choices and flexibility. Seven key themes that emerged are:

  1. The inflation crisis continues to fuel wage pressures and creates retention challenges.
  2. Hybrid working is ‘work in progress’ for many countries, but the UK has adapted fast: 64% of respondents saying they have a hybrid working pattern. In comparison, 57% of respondents globally cite they are working back in the office full time.
  3. Addressing burnout has to be a priority with 71% of global respondents wanting more help from their organisations to manage their mental health.
  4. Job mobility is driving a possible talent crunch for employers – globally 44% expect to move to their next role in 12 months, rising to 69% over the next two years.
  5. Technology is now seen to be empowering accountants to add value, but 42% worldwide suggest they feel overwhelmed by the sheer pace of change.
  6. Inclusion measures score well in the UK with 73% feeling their organisation culture is inclusive but concerns particularly by younger respondents are expressed on social mobility.
  7. Accountancy provides career security in turbulent times, with younger people prioritising career development, financial reward and money rather than broader ambitions to address wider social issues through the jobs they perform.

 

Jamie Lyon, Head of Skills, Sectors and Technology at ACCA, said: “Employers are adapting and experimenting with new ways of working across the workforce. Career development and remuneration are the top two attraction factors to an organisation, yet they’re also the two areas which have most influence on employees’ decisions to leave.”

Lloyd Powell, Head of ACCA Cymru Wales, comments: “The findings demonstrate that flexibility and creativity is key when it comes to the future of work and it’s vital that organisations prioritise the wellbeing of their employees. It’s clear that having an empowering business culture is key to retaining the top talent. However, we need to see more progress being made across the board and attracting the next generation of talent to the accountancy profession is vital to healthy economies.”

 

The full report can be accessed at www.accaglobal.com/talenttrends2023

 

New Cohesity Data Cloud Release 7.0 Expands Data Security and Management Capabilities to Combat Ransomware Attacks and Data Breaches

Cohesity has announced the 7.0 software release of Cohesity Data Cloud. The release provides customers with enhanced cyber resiliency capabilities to help protect and secure data against cyberattacks.

Cohesity is announcing its 7.0 software release as cyberattacks continue to become more sophisticated in nature and customers require a comprehensive cyber resilience strategy to ensure their business stays up and running. Organisations are seeking to improve their data security and management posture by focusing on a data-centric approach to cyber resilience, including data immutability, data isolation (or cyber vaulting), and near-instant recovery at scale. Cohesity addresses the challenges of today’s threat landscape and the need to recover rapidly and confidently.

With Cohesity 7.0, organisations can strengthen cyber resilience by:

  • Hardening privileged access: Hardened access controls for Cohesity Data Cloud enables even tighter control and management of privileged administrative accounts and protection of access credentials. These controls further increase the difficulty of threat actors tampering with backup data. New innovative differentiators, like split key capabilities, require multiple people to authenticate for some privileged access to administrative controls. No single administrator has the ability to unilaterally issue privileged commands, thereby helping to protect data from malicious threat actors.

  • Accelerating ransomware recovery for files and objects: Cohesity, which provides unified file and object services on its platform, is also advancing cyber resilience capabilities with Cohesity SmartFiles. New powerful data lifecycle features are designed to reduce the attack surface for data exfiltration by ensuring data is not retained for longer than necessary, and custom security policies help further secure unstructured data from unauthorised access and attacks. This new release will also introduce new capabilities for analysing and visualising data utilisation on third party NAS systems. These data insights will help enterprise organisations move data to SmartFiles for secure long-term retention and data immutability, while optimising costs, scale, and performance for their most critical applications.
  • Reducing attack surface through expanded platform and workload support: To help organisations further reduce their attack surface by consolidating multiple point products, 7.0 adds support for AWS GovCloud for target data and metadata protection. Additional storage targets for long-term retention, and support for local backup on third-party platforms including Lenovo SR645, HPE DL360 and DL380, Cisco UCS C220M6 AFC and C240 M6, and Dell 740XD for private cloud deployments.

“Organisations are facing significant challenges with managing and securing their data estate across cloud and on-premises, with ransomware and data theft as their number one concern. Protecting and securing data starts before an attack and provides organisations with the ability to mitigate damage from an attack and quickly recover, with minimal impact to the business.” said Chris Kent, vice president, Product and Solutions Marketing, Cohesity. “Cohesity Data Cloud 7.0 adds a new layer of protection and recovery to organisations’ most critical data. We are seeing continual threats facing our customers from external and internal malicious actors, and with these latest enhancements, customers can face these challenges from the start.”

As data volumes rapidly grow, simplicity and efficiency in managing, protecting, and recovering unstructured and disparate data can help enable faster recovery from outages and malicious attacks. Extended coverage allows organisations to simplify data resiliency with a platform that scales to support their diverse heterogeneous environments.

“As the threat of cyber attack persists, one of our top priorities at Path Forward IT is upleveling our cyber resilience and assurance to ensure our data and systems are well-guarded against threats like ransomware,” said Adam Brock, senior director, Backup and Recovery at Path Forward IT. “Cohesity 7.0 will help us bridge end-to-end protection with capabilities that allow for rapid recovery and business continuity so our customers can resume business as usual in the event of cyber attack.”

“Companies are looking for simple and effective ways to improve data security and support cyber resilience goals. Given the rapid increase in the number of crippling ransomware attacks, it’s imperative that enterprises not only have strong protection against external threats, but also prioritize internal vulnerabilities as well,” said Senior Strategist and Analyst, Randy Kerns, Evaluator Group “With Cohesity’s 7.0 software release, Cohesity’s split key and KMS auto-failover capabilities are some of the many cyber resilience solutions Cohesity is adding to its portfolio to provide its customers and partners with a comprehensive strategy to protect data against cyberattacks.”

Artist unveils unique exhibition inspired by story of historic North Wales steelworks

A PERFORMANCE art installation inspired by the story of a historic steelworks will be exhibited at a leading college following a successful launch event.

Theatre artist Kate Roberts, from Connah’s Quay, created the interactive display as part of a master’s degree she completed at Aberystwyth University during the Covid-19 pandemic.

Unable to showcase the performance in lockdown – and keen to bring it “home” to Flintshire – Kate contacted Tata Steel and Coleg Cambria, which invited her to exhibit Steel. Site. Speaks. at its Deeside 6th form building.

The piece was enjoyed by students and lecturers yesterday (Wed) before a later event where members of the public, councillors, and community leaders were able to witness it first-hand.

With more than 30 years’ experience of teaching Drama, Theatre and English – including spells in Dubai and Italy – the mum-of-one was thrilled with the response.

“When it came to putting together my final assessment for the university, I reflected on my own background and that of my family, many of whom worked at the Shotton steelworks,” she said.

“Four generations of stories had been passed on to me, and I was also interested in the materials, the history and the huge impact the site has had on this area for more than a century.”

Kate added: “Of course there have been challenges along the way, but this is a celebration of the people, of its standing in north east Wales, and the world over.

“If the site could speak, what would it say? I wanted to express that, and the same for other landmarks such as the bridge crossed by thousands of workers every day, bells ringing, carrying their ‘snappin bags’ and ready to put in a shift – it brought back so many memories.”

With the support of current and former steelworks employees, many of whom donated clothes and other items which were captured on camera for the installation, she put together a spectacle of light and metal.

“There is an innovative, contemporary feel to it, with a light box, photos, videos and a hundred metallic strips forming words, accompanied by voice notes I recorded from stories I had been told and music composed by a local school pupil,” said Kate.

“It is a multi-sensory event, a fusion of industry, education and art, and I am so proud and thankful to have been able to produce it for the people of Deeside – I hope they embrace and enjoy it.”

Tata Steel’s Site Manager Bill Duckworth added: “We’re delighted to support this local exhibition. They say that art imitates life, and the steelworks has a proud heritage here and continues to play a huge role in building a green UK economy as well supporting the local Deeside community.

“Sharing our history and our future plans through art is an engaging creative approach that will thrill our employees and all those associated with our industry.”

Miriam Riddell, Head of Deeside 6th, echoed those comments, and said: “We are honoured to exhibit Kate’s incredible work. As an institution at the heart of the community, this is a chance for us to pay tribute to a company which continues to have a significant impact on industry in north east Wales, while giving our learners and the public the opportunity to find out more about its rich history and heritage.”

The installation will be available for public viewing on Wednesday afternoons from 1pm-5pm, beginning February 15 and ending April 26, excluding the Easter break (March 31-April 17). Bookings in advance via email Liz.eccleston@cambria.ac.uk or call 01978 267485.

Visit www.cambria.ac.uk for the latest news and information from Coleg Cambria.

For more information on Tata Steel, visit www.tatasteeleurope.com.

Flotek invests in Hampshire telecoms provider as Group diversifies

FlexiNet, a Hampshire-based telecoms specialist, has received investment from the Flotek Group, an ambitious and innovative IT and Managed Services Provider as the business expands its regional presence.

 

The deal sees the FlexiNet brand continue as part of the ever-growing Flotek Group, opening up a new commercial offering of IT and Cyber Security support to its clients alongside FlexiNet’s current range of telecoms services.

 

As Flotek continues its impressive growth strategy, which includes five acquisitions completed since launching in Spring last year and a further two in the pipeline for Q1 2023, the investment reflects the Group’s ongoing commitment to supporting SMEs nationwide access next generation Cloud technologies.

 

Jay Ball, Flotek Group CEO, said: “We launched Flotek with a goal of ensuring SMEs have the technology and systems that allow for scalability and growth. Our investment in FlexiNet signifies our commitment to this mission, and to providing the best services to our customers.

 

“We are therefore pleased to be welcoming such a trusted and successful operator to the Flotek Group and are excited to be part of FlexiNet’s journey. We look forward to working together to create new opportunities, offer greater value for customers and drive innovation in the industry.”

 

FlexiNet’s trio of founding directors, Anne-Marie Mackay, Craig Barker, and Ryan Mariner, will remain in post, continuing their transparent and consultative approach that is both valued by their SME clients and aligned with Flotek’s ethos.

 

Anne-Marie Mackay, Director at FlexiNet, said: “The investment from the Flotek Group enables our ambition to integrate market disruptive IT and Cybersecurity services into our existing specialist telecoms offering; with a focus on delivering a bespoke, unified communications system for the SME market.

 

“With Flotek’s commercial power and turnkey solutions, this investment presents an exciting injection of pace for our growth plans and opens up more doors for our customers while continuing to deliver our core values through Flotek and FlexiNet’s synergistic vision.”

 

Multidiscipline dealmakers GS Verde Group structured and advised on the deal.

 

Connect with the Flotek Group at www.flotek.io and FlexiNet at www.flexinet.uk.

How can your charity finance team and audit committee help drive up audit quality?

Written by Fleur Holden, Partner, Sayer Vincent

You may not all be excited by headlines about auditing! But audit quality is in the spotlight, with a real focus on driving up the quality of the external audit process. Although this has stemmed from some of the high profile, large corporate failures, this has to bring benefits to all organisations needing an external audit and should result in better value for money from the process. So how do we do it?

Clearly, much of the responsibility for this lies with the auditor. However, in a recent (November 2022) publication by the Financial Reporting Council ‘What makes a good environment for auditor scepticism and challenge’, it also highlights the responsibilities of the organisation being audited. Audit quality is achieved when you have a ‘well-functioning ecosystem’ of all parties involved in the audit.

Whether you are a charity finance manager, or a trustee sitting on a board or audit committee, you need to consider what this might mean for you and how you can play your part in improving audit quality.

Let’s start with auditor responsibilities …

For an audit to go well, the audit team needs to:

  • have an appropriate tone from the top set by the audit partner – the audit team needs to know that the audit partner values and champions the right audit behaviours;
  • be fully resourced, at the right time, and have the specialist knowledge to undertake the work;
  • have time to create an effective learning environment – you will have auditors who are developing through on the job coaching – do be mindful of this – there will be a team focus on learning and continuous improvement; and
  • demonstrate good project management and communicate the plan effectively – we need time to review, to raise queries and to challenge – we are always seeking to avoid a last minute rush at the end of the process.

What is needed is a good plan? Well, you need to have the right people, at the right time, providing good quality information in a supervised learning environment. Sounding familiar? Why not mirror this within your organisation…

Charity finance team and management responsibilities – how can you support the audit?

The audit work is carried out on the information provided by you, so ensuring that this is of good quality and on time, is key to the audit process going smoothly. The following questions may help you think about how to prepare:

Capacity and availability:

  • Do you also have the right resourcing in place and capacity to deliver to the agreed plan?
  • Will your team be available to answer the auditor’s queries? Providing the initial information requested on time is great, but there will be follow up questions.

Quality and timely information:

  • Has your team been fully resourced throughout the financial year?
  • Are the underlying records of good quality, and have internal controls been operating effectively? Have you had any IT or systems issues?
  • What might you need to communicate to the auditor about this at the start of the process?
  • If you are preparing the statutory accounts, can you provide these to the auditor before the start of the main audit visit? This includes all notes and narrative disclosures.
  • The trustees’ annual report is covered by the audit – this is often provided very late- can you provide it along with the financial statements?

Knowledge and expertise:

  • Do you have the expertise to prepare what has been agreed with your auditor?
  • Have you engaged the right experts to help you – surveyors for property valuations, third party firms for stock counts etc?

Communication and behaviours:

  • Keep in touch during the year – raise technical issues when they arise – don’t wait for the audit – a no surprises audit works both ways!
  • If there is a way in which you prefer to work – please tell us – so meet at the end of every day to go through queries? We can be flexible and work around you – but do communicate this.
  • Be open to challenge – value the purpose of the audit – driving up audit quality should help you to be more effective.

Charity audit committee responsibilities – what is your contribution to the good governance of the audit process?

Your charity may have a full audit or finance committee, or perhaps a trustee with a finance focus on a treasurer. Whoever is responsible for audit governance needs to be actively engaged in the process with a good understanding of what produces a good quality audit.

It is important to hold your auditor to account, and also to check that your management team are delivering. Ways in which you can do this are:

  • Engaging with the audit plan and considering whether the timetable is realistic – do your scheduled meetings support the audit plan – or put it under unnecessary pressure?
  • Checking in with your management team during the process – have key milestones been delivered on time – is the timetable being achieved?
  • Reviewing the trustees’ annual report and accounts at an early stage – check if anything is not in line with your expectations.
  • Enquiring of management whether the accounts contain any significant estimates or judgements that you may need to understand and challenge.
  • Reviewing and challenging the assessment on going concern (the organisation’s ability to continue operating for 12 months from the date of approval of the accounts) before it is presented to the auditors – do you agree with the conclusion?
  • When your auditor presents the audit findings – making sure you have read the papers in advance and ask questions – this is your opportunity to ensure you are getting the assurance you want from the process.
  • Hold a de-brief session with the auditors (without management) at the end of the process – were there any conflicts during the audit? What is the auditor’s feedback on how the process went and how the audit was valued?

To summarise…

As auditors, we are trained to have questioning minds and to apply professional scepticism.

There are new requirements now for us to consider contradictory evidence, as well as corroborative evidence, so do expect more questions around what may disprove what you are sharing with us. The better the quality of the underlying information that is provided to us, the more time we have available to think and provide constructive challenge – that is where the focus of the audit should be.

On 23rd and 24th March Sayer Vincent, is hosting a free webinar from 9:30-10:30am on preparing for your audit. The webinar offers top tips and practical advice for your finance team (and also trustees) – to help charities prepare for your audit.

Visit the website to book your place – Preparing for your audit – Sayer Vincent

Popular day nursery deemed ‘Excellent’ in all areas following pandemic improvements

A POPULAR day nursery was deemed ‘Excellent’ in all areas.

Toybox Children’s Nursery – based at Coleg Cambria Deeside – received an outstanding report from Care Inspectorate Wales (CIW).

The setting received an ‘Excellent’ rating in four categories – Wellbeing, Care and Development, Leadership and Management, and Environment – and no recommendations were given as standards are so high.

Caring for more than 90 children, Toybox Nursery Manager Ann Johnson and her 35-strong team were praised for delivering care that “promotes children’s wellbeing and ensures they are safe and secure”.

The report added: “These are services which are committed to ongoing improvement with many strengths, including significant examples of sector-leading practice and innovation.

“They deliver high quality care and support and are able to demonstrate they make a strong contribution to improving children’s well-being.

“Children are very happy and relish in their play and learning experiences, they learn respect and interact cooperatively with others, learning to share and show compassion.

“Staff interact positively with the children, supporting and encouraging them to be respectful and enjoy their experiences.

“People who run the setting have created a lovely environment that is very much based on children’s needs, comfort, and learning. It is equipped with resources that inspire children and help them become curious learners.

“The dedicated team of staff are managed well, ensuring children are provided with the best care possible.”

Responding to the CIW report, a delighted Ann, who has worked at Toybox for more than 30 years, said: “We are so pleased to see all our hard work has been recognised, we have a passionate, fully-qualified team here who go above and beyond every day – I am so proud of them.

“Numbers are increasing again following the pandemic – given a lot of the students were learning remotely and private clients were working from home – so we are busier than ever, and this report makes us strive to do even better.

“We thank CIW for their time and support and look forward to unveiling new ideas and facilities in the year ahead.”

Among them will be the revamped outdoor play area, which features safety surfaces, fencing, wooden furniture and equipment, funded by Flintshire County Council’s Small Grants Scheme.

Visit Toybox Children’s Nursery Facebook page: www.facebook.com/ToyboxNurseryDeeside or call 01978 267159 for more information. Alternatively, email toybox@cambria.ac.uk.

For news and information from Coleg Cambria, visit www.cambria.ac.uk.

How Does Gap Insurance work?

Gap insurance is a type of vehicle insurance that can help you cover the difference between what your car is worth and what you owe on it. It’s especially valuable if you have an older car or a leased vehicle with a low down payment, since those are the types that tend to depreciate faster than newer vehicles.

What is Gap Insurance

Gap Insurance is a type of car insurance that protects the difference between the market value of your vehicle and what you owe on it. If a lender requires gap insurance as part of their terms, they will pay this amount if your car is stolen or totaled in an accident. This can help to cover the costs of replacing your vehicle when there’s no money left to pay off its remaining balance, which would otherwise be financed through another loan or personal loan with high interest rates (if possible).

Gap insurance isn’t required by law but it’s still recommended by most lenders because it provides additional protection against accidents and theft–two things that can cause serious financial strain for drivers who aren’t prepared for them financially

Is Gap insurance the same as car insurance?

Gap insurance is not car insurance. It’s a separate policy that covers the difference between the amount you owe on your loan and the amount of your vehicle’s value if it’s totaled in an accident.

Gap insurance isn’t required by law, but it can be beneficial if you lease or finance your vehicle. If there were ever an accident where repairs exceeded what was owed on your loan, gap coverage would protect against this common scenario by covering those costs so that they don’t become yours to pay off yourself (and add up quickly).

How does gap insurance work?

Gap insurance is available for all new and used vehicles, it is not mandatory,  but it is useful for owners of both new and used vehicles.

When you purchase a car, and insure it, you will insure it for the full purchase price.

However, this does not mean that if your car is a total loss due to theft or an accident which writes it off that this is the amount your insurer will pay out.

Whether new or used, the value of the vehicle will depreciate as soon as it leaves the forecourt – and your insurer will only reimburse your loss for the current value of the car – which can mean a big gap between what you receive as a settlement and what you still owe on your finance agreement.

Gap insurance covers the difference between what was owed on your loan and how much your car insurance company pay you.

This is especially useful for new cars, which tend to depreciate very fast in the first year.

How much cover does Gap Insurance Provide?

This depends on each individual policy and you should enquire as to the best policy to meet your needs.

From our research of the most popular insurance companies that offer GAP, the value of cover varied. For example, Dynamo’s GAP Insurance covers cars up to £80,000, whereas others tended to be a lot less.

Is gap insurance worth it?

Gap insurance is one of those insurance policies that is almost always regretted when not purchased and the ‘it won’t happen to me’ event happens!

It is impossible to predict whether your car will be stolen, or if someone else will drive into your car, making it a total write-off – but when it happens to you, without gap insurance there will almost certainly be a big difference between what you pay and what you owe on your car, and as well as the hassle of finding a new car, the driver is left with an unexpected debt to their finance company which will need to be repaid.  It is therefore worth it for most drivers buying a vehicle on finance.

In short, it’s possible to make short term savings by saying ‘no’ to the offer of gap insurance when taking out car finance.  However, if you don’t and your vehicle is written off for any reason, you will almost certainly regret it.

 

 

Protect Your Microsoft Operations – How Companies Configure and Manage Security for Office 365

Office 365 offers numerous benefits to companies and organizations looking to transition to the cloud. Some benefits include better organization, collaboration, and productivity. But one inherent advantage to using cloud services is heightened security for Office 365.

Security is always a topic of discussion in all things IT-related. Since companies are adopting a hybrid approach, cloud technologies spearhead the transition. And there are few better options than Office 365.

This guide will explain how companies are configuring and securing the Office 365 suite. In addition, we will discuss best practices and approaches to improve your cybersecurity. With all that said, let’s start.

Best Approaches for Office 365 Security and Configuration

Cybersecurity experts recommend a series of best approaches or practices for the security and configuration of the Office 365 suite. They are the following:

Preventing Unauthorized Access on Tenant Level

The Office 365 suite provides users access to numerous apps and services, from the base Microsoft Office apps to Microsoft Teams, Outlook, and SharePoint Online. Each of these apps allows users to log in and perform their daily tasks.

The challenge is to prevent unauthorized access to employee tenant accounts. So how do companies do it? One of the standout features of the suite is a security feature called two-factor authentication. Two-factor or multi-factor authentication is a security feature that requires users to input a code every time they log in to their accounts.

The code is sent to users via a smartphone app. The MFA code is randomly-generated, making it difficult for hackers to guess it. Moreover, the code refreshes every sixty seconds, giving you enough time to enter your account. That way, even the most skilled hacker will have difficulty getting through the added security later.

Preventing Data Theft Through Encryption

Encryption is yet another highlight security feature of Office 365. Encryption adds another layer of security for all of your file-sharing needs. However, considering organizations collaborate with outside people through apps such as SharePoint Online and Microsoft Teams, it begs the question of how secure is the data you’re sharing.

Your organization might employ strong protection for internal file sharing, but what about sharing outside your organization? It’s safe to say that threat actors can easily intercept files and documents the moment you send them to a person on the outside.

So what’s the solution? The solution is encryption. Since companies primarily rely on email for communication and collaboration, we can turn to encryption to make it more secure. For example, Microsoft Office 365 allows users to use encryption to protect messages from Outlook and Teams.

The way encryption works is simple. Each user gets an encryption and decryption key. Users can use the encryption key to encrypt messages and specify which users can view the contents of the messages. Encryption is an essential data loss prevention method and crucial for anti-phishing protection.

Preventing Privilege Abuse

Office 365 administrator accounts are responsible for granting permissions to users. But an unskilled administrator will grant more permissions than users need. This presents a security risk. Moreover, it directly compromises your cloud environment if a hacker manages to access data from cloud apps.

So how are companies preventing data protection risks? One way to prevent data loss is to use Privileged Access Management (PAM). PAM is part of Microsoft Cloud App Security (CAS), a cloud access security broker for Microsoft Cloud Services.

The way PAM works is simple. PAM allows administrator accounts to grant or deny access to privileged tasks. Users with privileged access can easily see their access revoked in case of a potential data breach.

PAM is an essential feature of Microsoft 365 that ensures information protection.

Preventing Data Loss Through Audit Logs

Audit logs is yet another native data loss prevention feature. This feature is disabled by default, meaning administrators must enable audit logs for greater visibility over user activity.

This feature keeps records of user activity – it stores information on every user activity on the Office 365 tenant. In addition, administrators can monitor malicious activity by increasing audit log retention on Microsoft accounts.

Preventing data loss is essential to maintain compliance requirements. This includes, among others, communication compliance. Other security features for compliance include Microsoft Information Governance (MIG).

Prevent Data Loss Through Backups

The final security and compliance feature of the Office 365 suite is backups. Backups are essential for business continuity. Organizations must find ways to increase threat protection without compromising sensitive information.

One way to do that is by keeping backups of your most important data. For example, office 365 allows users to back up entire mailboxes, SharePoint sites, and Microsoft Teams chats. To ensure your organization does the same, you must employ a series of policies.

For example, make sure to back up data from the most important apps and services at least once a week. But an important backup best approach is to keep backups locally and on the cloud. Having more than one backup location will ensure your data is never compromised.

Your local backups face numerous security risks. Therefore, a smart practice is to store backups on the cloud. That way, if your local backup is compromised, you can always turn to your cloud backups for data continuity.

Conclusion

That concludes this guide and the five best approaches for security and compliance in Office 365. Companies use these approaches to ensure data continuity and, thus, business continuity. Without these approaches, businesses are risking losing their most important data. So don’t fall victim to the many security risks the cloud faces by using the best practices for Office 365 total protection.