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Stock impact report

Cybersecurity Tops CFO’s Risk Agenda With 99% Reporting Incidents and 94% Planning to Increase Spend

Corpay, Inc. (CPAY) 
Company Research Source: Business Wire
Nearly every UK CFO surveyed (99%) has faced a payments-related cyber incident in the past two years1, with cybersecurity now their number one operational risk.Appetite for automation is universal with Accounts Payable the top priority, but integration challenges with existing systems keep finance leaders exposed and inefficient.Real-time oversight is seen as essential, yet only 64% of those surveyed are confident that their systems can deliver it2 – highlighting the need for modernised, unified solutions. LONDON--(BUSINESS WIRE)--New research commissioned by global S&P500 corporate payments company, Corpay, finds that 99% of UK finance leaders surveyed have experienced payments-related cyber incidents in the past two years, exposing the fragility of legacy systems and an urgent need for change.With finance functions now a frontline target, the research saw ‘cybersecurity threats’ attract the largest percentage of responses (42%) from surveyed CFOs when asked what operational risk Show less Read more
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