QuickBooks security risk

9/17/2016 Update – Apparently the only reported successful attacks are in Australia.

Security experts reported a new scam yesterday (9/15/2016) targeting users of the desktop version of QuickBooks small business accounting software. The scam uses a virus attached to an email. When a user opens the email, the virus attacks QuickBooks and reportedly sends out fake invoices and payments.

QuickBooks is the #1 market share small business accounting platform used by 29 million users in the U.S. and many more worldwide. Intuit is aware of the problem.

My clients use only the online hosted version of the software that is not susceptible to this hacking risk. Increased security is one of the reasons experts prefer hosted software systems. Intuit predicts that most firms will move from the desktop to the hosted version within the next few years. ProAdvisor training emphasizes the support of businesses making the transition. I am pleased to help affected businesses weight the options.

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