Information security for treasuryhas become a top priority as organizations struggle to defendthemselves against internal and external fraud.

The numbers are frightening: According to the 2017 AFP Payments Fraud and Control Survey, 74 percent ofparticipating companies were targets of payments-fraud attacks in2016. Worse, 47 percent of those fraud attempts were successful,meaning that more than a third of all companies surveyed lost moneylast year due to fraud.

Treasury is a leading target for cybercriminals because of thesensitive information that the function protects, as well as thepossibility of immediate payoff if unauthorized payments succeed.It is no surprise that information security is garnering so muchattention within treasury functions.

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