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How Excel Spreadsheets Can Create a Data Security Risk for Businesses

Centage

According to a study by Cisco, Excel is one of the top Microsoft Office formats that receive malicious file extensions. In addition to malware, many companies may have no way of knowing if their files are being stored or duplicated by unauthorized users because they cannot review who has seen or accessed the data.

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How Excel Spreadsheets Can Create a Data Security Risk for Businesses

Centage

According to a study by Cisco, Excel is one of the top Microsoft Office formats that receive malicious file extensions. Excel does not have audit trail capabilities, so it is difficult to prevent fraud as numbers, and other financial data can easily be changed by any user. Profitability modeling. Sensitivity analysis.