Risk Management
Published  13 MIN READ
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Upsurge in Fraud

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.

Security is the biggest challenge for businesses in adopting mobile technologies, cloud and the internet of things. Around 23% of companies surveyed said they have suffered a security breach in the past 12 months.