Cyberattacks are estimated to be draining more than US$400billion a year from the global economy, and that figure ispredicted to rise to US$2.1 trillion by 2019. The Bangladesh Bank heist of 2016, which saw US$81million taken from the central bank's account, stands as a tellingexample of the damage that can be wrought.

Corporate treasury teams are at significant risk of succumbingto a similarly disastrous incident. Access to large sums of moneyand a wealth of sensitive client data have placed the function atthe top of many cybercriminals' hit lists. Businesses are certainlynot ignorant of this threat, nor have they stood idly by. Mosttreasuries have taken measures to address their technologicalvulnerabilities, many investing in solutions such as two-factorauthentication and penetration testing.