For some time now, MyPayrollHR, a cloud-based payroll processing bureau in upstate New York, has been shut down due to stiffened working conditions of the employees in multiple companies. This fiasco happened after several employees bank accounts were drained, leaving them with money worth of payroll and tax remittance.
Even though many incidents of blackmail in exchange for ransom has happened on cloud service providers, this appears to be a conspiracy. Nothing much can be said for now because most of the information gathered regarding this situation was encrypted.
Meanwhile, this is to caution other payroll providers about how things may go sour within a blink of an eye when a trustee suddenly turns into a villain.
According to Clifton Park, messages were sent to 4000 clients on its closure, requesting them to find alternatives to the situation. They were advised to try other means of funding their businesses such as the merchant cash advance brokers to help them recover their losses.
Worst of it all, employees received this message after they had uncovered that their bank accounts had been drained and left with credits worth of payroll and tax remittance.
Well, the good news is that MyPayrollHR company had …