There are many best cybersecurity practices that treasury executives can follow within treasury.

One easy step treasurers can take is to set up a dedicated computer on which treasury initiates all fund transfers, a computer that can't be used for email or surfing the Web, said Craig Jeffery, managing director at Atlanta-based consultancy Strategic Treasurer.

Treasury staffers should also practice "desktop hygiene," he said, which includes not keeping account information on employees' physical computers and making sure PCs and laptops have antivirus software and are regularly scanned and checked.

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Susan Kelly

Susan Kelly is a business journalist who has written for Treasury & Risk, FierceCFO, Global Finance, Financial Week, Bridge News and The Bond Buyer.