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Should corporate treasuries be worried by the recent rash of cyber attacks that hackers sprung on leading U.S. financial institutions throughout September and October?  According to treasury security experts, the answer is a qualified “yes.”

The distributed denial of service (DDOS) attacks on the Web sites of Bank of America, BB&T, Capital One, JPMorgan Chase, SunTrust Banks, U.S. Bancorp and Wells Fargo “were more disruptive for retail clients rather than corporate clients,” says Paul LaRock, a principal at consultancy Treasury Strategies.

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