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Treasurers as the target: tackling increased cyber risk and fraud


Jeff Ando, Director, Content & Production, Global Trade Review (GTR)

Nithai Barzam, Chief Operating Officer, nsKnox
Andy Bates, Executive Director, UK, Middle East and India, Global Cyber Alliance
Simon Viney, Cyber Security Financial Services Sector Lead, BAE Systems

Enhanced usage of technology, whether to assist remote working or as part of treasury processes, has unarguable benefits, but there are risks, first and foremost being cyber risk and fraud. Since remote working became the norm due to country lockdowns, less-secure personal systems and products have led to increased cyber attacks. And the treasurer is a key target for fraudsters. What are the increased risks that treasurers should consider and what can they do to better protect themselves and their organisations? Can using cloud-based treasury solutions provide a greater defence to minimise cyber risk?