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Cyberattacks are incredibly widespread. According to the Kaspersky Security Bulletin, malware attacks were blocked on more than half (58 percent) of all corporate computers in 2015. Nearly one in every three business-owned computers (29 percent) was subjected to one or more Web-based attacks, and file antivirus detection was triggered on 41 percent of corporate computers. Headlines related to the latest high-profile hacks, security breaches, and data thefts are seemingly inescapable for anyone paying attention to the news.

Even corporate risk managers struggle to keep up with all the phishing, vishing, pharming, whaling, spoofing, baiting, spyware, malware, and ransomware terminology. Yet many treasurers are tasked with understanding and mitigating cyber risks. That’s due in part to the fact that corporate treasurers’ responsibilities have expanded significantly in recent years to include management of the company’s complex risks, regulatory oversight, and treasury technology. Treasury teams are now far more strategic than operational, and are expected to add more value to the organization than ever before.

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