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Cyberrisk Management: How to Stay Ahead of the Game

  • By Staff Writers
  • Published: 4/7/2015
The 2015 AFP Risk Survey found that 34 percent of companies had been hit with a cyberattack over an 18 month period. These reported cases are the tip of the iceberg—for all the cases that are made public, there are many others which remain below the radar. Given the size of the events and the potential impact on corporations of all sizes, managing cybersecurity has risen to the top of most corporate agendas.

This Thursday, AFP is hosting a webinar to help treasury and finance professionals mitigate cyberrisk at their organizations. Using the new CTC Guide on Setting a Cyberrisk Management Strategy as a backdrop, Craig Martin, executive director of the Corporate Treasurers Council, Guy Voizey, editor of WWCP, and Raj Bector, partner at Oliver Wyman, will provide insights on this crucial and timely topic.

“We’ll begin by looking at the cybersecurity data from the 2015 AFP Risk Survey, and then we’ll get into the CTC Guide on cybersecurity,” said Martin. “We’ll also have information from Oliver Wyman’s global risk report, which highlights cyberrisk.”

According to the AFP Risk Survey, 60 percent of companies do not have a plan in place for a cyberbreach, and Martin believes that number may even be too low. “I would say it’s more like 80 percent,” he said.

Additionally, while the survey results indicate that one out of three companies were targeted with a cyberattack in the 18 months that preceded it, Martin believe it is more likely that every major company was hit with a breach attempt in that timeframe.

“There isn’t a more important issue facing almost everybody than this, whether it’s on a personal or a corporate basis,” Martin said. “So in this webinar, we’re going to give people a lot of great insights; a lot of things to think about and do. This couldn’t be timelier or more relevant.”

Download the CTC Guide on Setting a Cyberrisk Management Strategy, supported by Marsh & McLennan Companies, here.
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