Despite the many challenges, treasurers should remember that the stringent requirements may have a silver lining. Regulatory compliance may provide the opportunity for companies to become more transparent and make their internal processes more effective and efficient.
With cyber-attacks continuing to dominate the headlines, corporate treasurers remain prime targets. Having seen the attempts made against his treasury department first-hand, Christof Neilischer outlines his cyber risk strategy at Willis Towers Watson.
Managing risk is a priority for treasurers, but methods are changing. Market volatility and sensitivity to global political events, along with new technology and disruptive business models continue to impact business strategy and external market trends.
Staying a step ahead of the cybercriminals is increasingly tough. But as guardians of the company’s cash, and with access to highly sensitive data, treasurers can no longer hide behind the IT department when it comes to cybersecurity and fraud.