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Team with the CISO to Keep Treasury Data Secure

How treasurers can best support the corporate information security teams fight against payments fraud.

By Bob Stark | Updated on December 12, 2017
Information security for treasury has become a top priority as organizations struggle to defend themselves against internal and external fraud.

The numbers are frightening: According to the 2017 AFP Payments Fraud and Control Survey, 74 percent of participating companies were targets of payments-fraud attacks in 2016. Worse, 47 percent of those fraud attempts were successful, meaning that more than a third of all companies surveyed lost money last year due to fraud.

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

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