Electronic Delivery of Confidential Information

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Great care should be taken in selecting the method of electronic delivery to prevent creating a situation where there could be hacker access to the information and also to provide significant ease of use by the recipient.

Most of the delivery of confidential financial information is done via Web portals.  Virtually all confidential financial information that falls into the wrong hands (hackers) occurs when the bad guys hack into a server that has that information on it. 

The best way to protect confidential financial information is by direct delivery to the inbox of the recipient via email. Because of how email is delivered and received, it is virtually impossible to intercept (as opposed to U.S. Mail), because it is split up into multiple packets with each packet taking a different route to its end destination, where it is then reassembled.  This is vastly superior to Web portals for ease of use and security. For the cat’s meow in security, email can also be password encrypted. 

Managing electronic delivery through email is significantly easier for the employer and recipient.  The employer can send email messages with Carbon Copies (Cc) and/or Blind Carbon Copies (Bcc), which allows for automatic distribution to multiple people in one pass. For example, through Cc or Bcc, the employer, accountant, and/or spouse can be sent a copy of the paystub and they can simply save the electronic file attached when they choose.

By using email, the employee can forego the added step of logging in through a web portal which requires a unique username and password.

The same premise of using email as the most secure means to deliver financial information or electronic letters carries forward through other business documents such as Financial Statements, Bank Reconciliations, Accounts Receivable Statements, Memo's to employees and schedule of Accounts Payable which can be sent electronically via PDF files.

There may be multiple business partners, investors, bankers, or others who need access to a business’s information.  Through automated email messages containing PDF files (optionally password encrypted) as attachments, all can be simultaneously and securely emailed at one time. Having report delivery via email fully automated (requiring no human intervention) allows the delivery of these reports without any errors as to who the recipients are and what the reports contain.


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Sadly our are mistaken 100%

even though you connect to your email provider securely to download
your mail (normally using SSL/TLS security), there is nothing to stop
your private communications being intercepted in transit.

Usually, there are no central servers which control and govern the
delivery of email, which can result in problems such as email spoofing
(sending an email which is deliberately made to appear as if it is
coming to be from someone else). With a client portal you can govern the Location if the IP Address, the number of times the user can log in a day, You can monitor and control password and attempts to log in. None of this can be done by an email even a password protected email. Likewise most email that is encrypted from tax applicaitons contain the "code " to unlock the attachment, such as Last name and Last 4 of social. This is hardly secure.

Likewise, most information is not stolen from servers, it actually happens via phishing attacks.

Sadly you are 100% mistaken.