TechTarget | July 31, 2017
Payment risks and email scams are too complex to pass off to an insurance provider. They call for C-level involvement in making sure the entire trading partner network is secure.
Some CFOs and corporate treasury managers lack a sense of urgency about the need for cybercrime prevention and about the financial hits that could come from cybercrime attacks. Scanning conference rosters, I see an emphasis on cyberinsurance, which ostensibly transfers the risk of loss to someone else, all for the price of a policy. But an effective cybercrime prevention strategy requires much more than that. It requires CFOs to be proactive about making their networks secure.