Cloud Accounting as a Factor in Protection from Cyber Attacks and Theft of Accounting Data

Incidents such as cyber-attacks are becoming more frequent in the business world. Cyber-attacks cause significant damage to the operations and accounting and financial data of companies. The question arises whether cloud accounting is the solution to reduce cyber-attacks and theft of accounting data. Many companies or individuals still do not trust cloud accounting. The problem of this research is the acceptance of accounting in the cloud by accounting staff and insufficient understanding of the benefits of working in the cloud to prevent cyber-attacks and theft of accounting data. Research is conducted among accounting professionals in Croatia, randomly distributed, via anonymous survey, where 183 responses were gathered. Statistical analysis of the collected data confirmed the set hypotheses, i.e. the frequency of cyberattacks is significantly statistically related to the method of data storage (r=0.807;p<0,001), and partially (r=0.199; p<0,001) to the method of authentication in accounting software and the method of creating a backup copy of accounting data.