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Finance Teams Play Growing Role in Cyber-Risk Mitigation

Jaclyn Jaeger | December 18, 2015

Finance teams are being asked to take on a larger role in defending their companies from emerging cyber-risks, according to a recent survey.

According to a survey of 389 financial executives conducted by the American Institute of CPAs (AICPA), 73 percent said they are more involved, while another six percent said cyber-risk mitigation has become the primary responsibility of the finance function. Breaking those numbers down, 35 percent said they are “slightly” more involved, while 22 percent said “moderately” more involved, and 16 percent said “significantly” more involved. Twenty-one percent said they are not involved at all.

“With today’s businesses facing a heightened risk of cyber-attacks, they are in need of strong risk identification and...

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