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.
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.
The recent cyber breach of five firms in Mexico and the USD15m exploitation of connections to the SPEI domestic payment system have placed a spotlight on Latin American cybersecurity. How can corporates and their treasuries prevent this sort of breach becoming commonplace?