Mobile Menu icon

Whatever you need we've got IT covered.

Our highly experienced support team are capable of handling any IT support issue, so you can relax and concentrate on making your business a success.

In the event of any problems, our standard support hours are 9am-5.30pm, Monday-Thursday, and until 5.00pm on Friday. We offer an extended hours contract whereby the support hours become 8am-6pm, Monday-Friday. If you need a quick solution to a technical problem, then our live remote-assistance tool can help. A member of our dedicated support team can liaise directly with you to find the answer to your question.

Step One - Call 0844 800 4456

CLICK HERE FOR LIVE REMOTE ASSISTANCE

×

Support Form

If you are in need of support please fill in the form below or call us on 0844 800 4456

×

Contact Us

London Office:

Main number: 020 3507 1920

Sales number: 020 3507 1922

Technical support: 0844 800 4456

Essex Office:

Main number: 01268 494 100

Sales number: 01268 494 160

Technical support: 0844 800 4456

×

Blogs

Yet more Compliance standards - this time it's IT.

Compliance with legislation, industry and professional standards has been an overhead that professional firms have long since become accustomed to. Compliance of a different nature is now looming on the IT front and will require firms to take even more seriously the management of their IT systems.

The Government published research into the state of Cyber security provisions within the financial markets and associated professions of accounting and law in late 2013. The purpose being to protect and enhance the reputation of the UK as a safe and secure place to do business and especially where corporate finance transactions can be carried out with confidence.

Corporate finance has been conducted electronically for many years and the need to maintain confidentiality throughout the process has not changed but maintaining confidentiality has become many times more difficult. The number of organisations who can become involved in a single transaction can number in the teens if not more. Whilst the security capability of larger firms may be well funded and reliable, it is often the smaller businesses involved where a security lapse creates an issue for the principals in the deal itself whether buyer or seller.

Due Diligence information is provided electronically whether by email or through portals and the opportunities for Cyber criminals to gain access remain numerous where businesses are not regularly reviewing the strength of their Cyber security.

The Law Society President Nicholas Fluck stated in November 2013 ‘Cyber security is a real concern for legal practices and their clients. As trusted advisers, solicitors not only need to protect the sensitive and personal data they handle every day, but play a crucial role in promoting cyber security to their clients.’

As recently reported in ICAEW’s economia publication, David Willetts, minister for universities and science, speaking at the ICAEW hosted launch of the review of cyber security in the corporate finance industry, quoted the case of a FTSE 350 company with a good cyber security record. The company had made an acquisition of a small business with poor network security. As a result, a hacker had unfettered access to the whole network for over a year during which it was responsible for the theft of data relating to new technology.

The development of Cyber security standards will help in time enforce best practice but in the meantime no firm or business wants to be the weak link in an M&A transaction and suffer damage in reputation and potentially much more.

Professional firms are encouraged to ensure that their Cyber security is regularly reviewed and tested by external security providers. Yellowspring offers advice and services in this area to professional firms and businesses alike, contact Maria West on 01268 494101 or email maria.west@yellowspring.co.uk.

back

Latest News

Ever wondered how you know if your business has been affected by a virus? Here

Read more

There is a new regulation coming in to play from May 2018, that will impact

Read more

Disaster Recovery planning is so important for your business, so take the time now to view

Read more