Information security and fraud awareness are among the top concerns of business leaders according to the World Economic Forum's Global Risks Report 2021—including everything from phishing to social engineering to ransomware and even international cyberwar threats.
"Given the volume of low- and high-tech cyberattacks, businesses can never be too prepared," said Paul Tucker, chief information security officer at BOK Financial®. "Focusing on monitoring risks and building a cyber-resilient organization is key for companies of all sizes."
The cybersecurity landscape changes quickly. Consider these trends from the Accenture 2021 Cyber Threat Intelligence Report:
- Manufacturing, financial services, healthcare and technology remain the most targeted industries for ransomware attacks.
- Cloud-related attacks are targeting infrastructure and attempting to collect sensitive data.
- Supply chains are being attacked due to compromised software.
- Underground marketplaces were highly active in 2021, aiming to steal and sell data.
The average organization experiences 270 attacks per year—a 31% increase from 2020, according to the Accenture report, which also showed supply chain breaches increased from 44% to 51%. Do you have professionals monitoring these risks?
BOK Financial's Treasury Management team offers periodic webinars to help businesses navigate the ever-changing business climate.
"Today's treasurer faces considerable challenges in managing risk within the organization," said Shannon Lambert-Habermehl, treasury sales manager at BOK Financial, Tulsa. "Cybersecurity in relation to cash management is a primary concern. This webinar series aims to help treasurers and company decision-makers stay on top of best practices related to those risk areas."
If you missed the Cyber Resilience in Today's Interconnected World webinar with our Chief Information Security Office, Paul Tucker, you can watch the full recording.
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