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Concerns about cybersecurity are growing every day. Treasury and risk professionals need to watch for, and guard against, payments fraud, ransomware, and data breaches, while also ensuring security is adequate within third-party vendors of the applications and cloud services their company relies on.

Meanwhile, the pressure is on from regulators. The latest SEC guidance on the topic encourages public companies to disclose cybersecurity risks and to describe in financial terms any exposures that are material from a business perspective. To effectively meet this guidance, treasury and finance managers should answer some basic questions about their cybersecurity risk posture:

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