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.

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.