Upsurge in Fraud
Just one of those things, a sign of our times or an extra risk for treasurers?
by François Masquelier, Head of Corporate Finance and Treasury, RTL Group, and Honorary Chairman of the European Association of Treasurers
Over the last few months we have seen a worrying increase in the number of attempted frauds, including the famous CEO impersonation fraud. Large groups, SMEs and especially finance departments are being targeted by phishing attacks. How do we explain all these types of scam; how can we counter them effectively; where do we currently stand; these are the questions that we will try to answer. A treasurer on guard is worth two, so let us be on our guard.