Benchmarking Your Treasury Department: A Strategic Approach
In the complex world of corporate finance, maintaining an efficient and effective treasury department is crucial. Benchmarking your treasury operations against industry standards and best practices can provide valuable insights into improving efficiency, reducing costs, and enhancing overall performance. Here’s a comprehensive guide on how to benchmark your treasury department effectively. 1. Identify Benchmarking Objectives…
Franklin
BEC: A Cybersecurity Challenge for Businesses
This article is written by Trustpair In 2023, it was revealed that an investment firm in Boston lost $1.25 million in a business email compromise (BEC) cybersecurity scam. Using a spoofed domain name, fraudsters impersonated directors and instructed a financial company to misdirect funds from the victim company’s account to a bank account controlled by the scammers. BEC in…