Security and fraud prevention have always been vital corporate responsibilities, and central to treasury’s remit. However, the immediacy of these risks, and the potential damage, is growing. As Peter Atuma, Senior Manager, Global Information Security – Governance at Equinix illustrates:
“Defending the organisation against cyberattack is a top priority for us. The nature of cybercrime is constantly changing and every area of the business has a responsibility to protect the organisation and our customers. Ultimately, cybersecurity impacts the business in two primary ways: firstly, the impact on our bottom line, and secondly, the reputational impact. As the global interconnection platform for the world’s leading businesses, the issue of reputational risk is paramount.”
Although cybersecurity is top of mind for corporate treasurers, it is not always easy to know where to start. In this feature, leading corporations Equinix and Prologis, together with Siva Ram, Head of Business Security and Fraud, Global Liquidity and Cash Management, HSBC, share their experiences of best practices in cybersecurity and fraud prevention.