Marriott to Pay $52 Million, Upgrade Cybersecurity, to Settle Probes into Three Big Breaches
“Marriott’s poor security practices led to multiple breaches affecting hundreds of millions of customers,” according to the FTC.
The same survey also provided some interesting insights into the current state of companies’ treasury systems infrastructure. So we sat down with Niklas Bergentoft, a Deloitte director who heads up Deloitte’s treasury technology practice, and Kesavan Thuppil, a Deloitte director who heads up the firm’s SAP treasury practice, to discuss.
Survey respondents were treasury professionals in more than 100 of the world’s top companies. Forty-seven percent came from the United States; 45 percent from Europe, the Middle East, or Africa (EMEA); 4 percent from Latin America; and 4 percent from the Asia-Pacific (APAC) region. Forty-five percent work in companies with more than US$10 billion in annual revenue, while 55 percent work in companies with less than $10 billion in revenue.
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“Marriott’s poor security practices led to multiple breaches affecting hundreds of millions of customers,” according to the FTC.
Congratulations to Paychex and Bristol Myers Squibb!
The winner of the 2024 Gold Alexander Hamilton Award in Operational Risk Management & Fraud Prevention is ... Paychex. Congratulations!
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