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Data Security and Privacy

Digital CFO places paramount importance on data security and privacy, ensuring that all sensitive financial data is safeguarded with the highest standards. The platform incorporates robust security measures such as encryption of data at rest and in transit, ensuring that all information is protected from unauthorized access. Role-based access controls further enhance security by allowing only authorized personnel to view and interact with specific data, minimizing the risk of data breaches.

Overview

Hosting Digital CFO on Microsoft Azure’s cloud infrastructure significantly enhances these security capabilities. Azure provides a multi-layered security approach, including advanced threat protection, continuous security monitoring, and automated security management. The platform benefits from Azure’s compliance with global regulatory standards such as GDPR, ISO 27001, and SOC, ensuring that the data handled by Digital CFO is not only secure but also compliant with international regulations.

Moreover, Azure’s data redundancy and disaster recovery solutions ensure that data is not only secure but also available and resilient against potential disruptions. This combination of Digital CFO’s built-in security features with Azure’s state-of-the-art infrastructure provides a secure and reliable environment for managing financial data, giving users peace of mind regarding the safety and privacy of their information.

We work hard to protect our users from unauthorized access, alteration, disclosure, or destruction of data we generate and manage. This is done as follows:

Data generated and managed by DigitalCFO branded applications follows a lifecycle as described below:

Data access

We offer 2-factor authentication using One Time Password. This helps in authenticating and authorizing proper users to use our applications.

Data in Transit

Data is encrypted from source to destination to keep it private and protected while in transit. The transmission is done through a connection that is secured using SSL. All the communication is implemented as HTTPS

Data at Rest

All the data is stored in encrypted format. This protects the data at rest all the time.

Key management

The applications use a variety of secret keys. These are managed using Azure Key Vault service. Only authorized staff members have access to configure the above-mentioned service

Enhanced Capabilities via Microsoft Azure Hosting:

Multi-Layered Security

  • Benefits from Azure’s advanced threat protection and continuous security monitoring.
  • Protects against a wide range of cybersecurity threats through automated defences.

Compliance with Global Standards

  • Leverages Azure’s compliance with international regulatory frameworks (e.g., GDPR, ISO 27001, SOC).
  • Ensures that Digital CFO meets stringent global data security and privacy requirements.

Data Redundancy and Disaster Recovery

  • Azure’s infrastructure provides built-in data redundancy and robust disaster recovery solutions.
  • Guarantees data availability and resilience, even in the event of unexpected disruptions.

Continuous Security Monitoring

  • Azure offers 24/7 security monitoring and alerts, enhancing real-time threat detection.
  • Allows for proactive response to potential security incidents, reducing risk exposure.

Secure Data Centres

  • Data is hosted in Azure’s highly secure data centres, which are protected by physical and digital security measures.
  • Ensures that data is stored in a controlled and secure environment.

For any queries, requests, or flagging of issues

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Cheruku Srikanth is a finance professional with over two decades of experience in bookkeeping, financial management, audit, software product management and project life cycle management. He visualised Digital CFO and singlehandedly conceived the idea of automating bookkeeping and in parallel enable the business, through automation, to leverage their proprietary accounting and financial data for their growth and success. He developed the functional architecture, conceived the business logic and developed the workflows and the first UI / UX for Digital CFO and launched the beta version of the product based on nearly eight years of research and a team of just four interns and 2 developers and singlehandedly managed to procure reputed clients including global accounting firms and banks. He even conceived the idea of seamlessly integrating invoice discounting and digital lending and related financial products into the accounting software in real-time. He has won many accolades for his innovation and is an active member of the Confederation of Indian Industry (CII) where he is a member on the national committee on IT & ITES. He has built a team of talented professionals at Digital CFO and he is currently supporting his team in their goal of becoming a software of choice for CFOs, accountants and financial service providers globally.