[et_pb_section fb_built=”1″ _builder_version=”4.16″ custom_padding=”0px|0px|0px|0px” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row _builder_version=”4.16″ custom_padding=”0px||0px|||” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text _builder_version=”4.27.0″ hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”post_content” sticky_enabled=”0″]<\/p>\n
[\/et_pb_text][et_pb_text _builder_version=”4.27.0″ global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n
CFOs receive, store and exchange highly sensitive data. This makes them a prime target for malicious people. Customer care and billing departments are particularly sensitive.<\/p>\n
The attack techniques of cybercriminals are becoming more and more sophisticated and are constantly evolving with the new possibilities offered by technology. They can, for example, gain access to customer data by intercepting an e-mail, or issue false invoices.<\/p>\n
The purchasing department is also likely to be affected since it holds essential information such as contracts with the company’s suppliers. But the impact of a cyberattack can also extend far beyond the financial dimension. In this way, fraudulently acquired customer data can be resold to a competitor.<\/p>\n
In a context of increased competition, any damage to a company’s reputation<\/strong> through the questioning of a distributed product or a questionable financial transaction is likely to put the company in a difficult situation. It is therefore important that the CFO be involved in defining compliance and risk management policies.<\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.27.0″ hover_enabled=”0″ global_colors_info=”{}” theme_builder_area=”post_content” sticky_enabled=”0″]<\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.27.0″ global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n While the digital age opens up tremendous opportunities for finance management, it also presents opportunities for cybercrime. This is why all digital transformation projects must be subject to a prior benefit-risk study.<\/p>\n An inventory of internal procedures will also be carried out. The first step is to establish a risk map:<\/p>\n Once this inventory has been carried out, it remains to assess the degree of vulnerability of each of these sensitive data, in order to put in place the necessary tools with regard to the different types of probable attacks.<\/p>\n The company’s human capital<\/strong> also has an important role to play in the prevention of cyber-attack risks. The training of the employees concerned is, in fact, an essential means of reducing the risks. If necessary, procedures and work habits will have to be modified.<\/p>\n The cyber risk must be perfectly integrated by the various actors. Simple reflexes will sometimes suffice, such as not opening a link or an attachment sent by an unknown sender. For the most sensitive data, only those who really need it will be granted administrator rights. In order to respond to complex situations, it will sometimes be necessary to call upon an external firm to map the risks precisely, or to carry out intrusion tests.<\/p>\n In any case, spending on cybersecurity must be commensurate with the risks. Finally, company executives may wish to consider purchasing fraud insurance.<\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.27.0″ global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.23.1″ global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n Despite all the preventive measures taken, cybercriminals sometimes succeed. The planned crisis management procedures must then be implemented.<\/p>\n The company’s cyber resilience<\/a> capabilities largely determine the effectiveness of the response to the crisis situation. The operational nature of the systems for identifying and detecting technological weaknesses plays an essential role here.<\/p>\n Secondly, the immediate mobilization of the actors and departments affected, in accordance with the rules set out in the action plan drawn up for the given event, will be aimed at minimizing the financial and image damage, as far as possible.<\/p>\n Today, the CFO occupies a strategic position in the company’s organization. He is a key player in business development and is able to identify risks and prescribe the necessary measures to protect the company’s interests. There is no doubt about the need for its association with the cybersecurity system.<\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.27.0″ global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n The CSO, more precisely known as the CISO (Chief Information Security Officer) when it comes to corporate information systems, is a key person for the finance department.<\/p>\n As a true partner to the finance department, he or she must be able to understand what is at stake in the finance business, what is critical in terms of processes and information, and what the weight of compliance is.<\/p>\n His responsibilities, in order to support the finance department, include:<\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.27.0″ global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n [\/et_pb_text][et_pb_text _builder_version=”4.16″ global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n SQORUS supports its key account customers in the digitalization of their finance functions. With a functional and technical expertise of the main solutions of the market dedicated to the finance business, we implement and accompany our customers in all phases of their projects. With consultants certified in solutions such as Oracle, Netsuite, PeopleSoft, Kyriba and Axway, SQORUS is the preferred integrator of financial solutions on the market.<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row custom_padding_last_edited=”on|desktop” _builder_version=”4.27.0″ background_color=”#2029a0″ background_image=”https:\/\/www.sqorus.com\/wp-content\/uploads\/2023\/12\/Bandeau-LB-Transfo-Finance-Opportunites.png” background_size=”contain” background_position=”center_right” width=”100%” width_tablet=”90%” width_phone=”90%” width_last_edited=”on|phone” custom_margin=”5%||3%||false|true” custom_padding=”50px|400px|50px|55px|true|false” custom_padding_tablet=”50px|55px|50px|55px|true|true” custom_padding_phone=”40px|55px|40px|55px|true|true” background_last_edited=”on|phone” background_enable_image_tablet=”off” border_radii=”on|23px|23px|23px|23px” global_module=”25041″ global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||” theme_builder_area=”post_content”][et_pb_text module_class=”Titre_40 Titre_blanc” _builder_version=”4.23.1″ _module_preset=”default” header_2_font_size=”30px” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n [\/et_pb_text][et_pb_text module_class=”FondBleu” _builder_version=”4.23.1″ _module_preset=”default” text_font=”||||||||” text_text_color=”#d6d8f4″ text_line_height=”30px” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n Discover how Finance’s digital transformation can optimize your company’s performance, and effectively identify opportunities for growth.<\/p>\n [\/et_pb_text][et_pb_button button_url=”https:\/\/www.sqorus.com\/en\/ebook-digital-transformation-of-the-finance-function-growth-opportunities\/” button_text=”Download” button_alignment=”left” button_alignment_tablet=”center” button_alignment_phone=”center” button_alignment_last_edited=”on|tablet” admin_label=”Bouton de t\u00e9l\u00e9chargement” module_class=”Bouton Fond_blanc” _builder_version=”4.27.0″ _module_preset=”default” custom_button=”on” button_text_size=”15px” button_text_color=”#f36145″ button_bg_color=”#FFFFFF” button_border_width=”1px” button_border_color=”#f36145″ button_border_radius=”50px” button_font=”||||||||” button_use_icon=”off” custom_margin=”20px||||false|false” custom_padding=”13px|25px|13px|25px|false|false” custom_css_free_form=”selector:hover{|| background-color: #FFF6F5 !important;||}” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.19.1″ _module_preset=”default” global_colors_info=”{}” global_module=”13401″ theme_builder_area=”post_content”][et_pb_row _builder_version=”4.19.1″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.19.1″ _module_preset=”default” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text admin_label=”A lire aussi dans notre dossier Projet SI Finance” module_class=”Titre_h3″ _builder_version=”4.27.0″ link_font=”||||||||” locked=”off” inline_fonts=”Roboto” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n <\/span><\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”Section – Blog – Cta Actu” module_class=”Fond_bleu Fond_icone” _builder_version=”4.25.2″ custom_margin=”5rem||5rem||true|true” custom_margin_tablet=”4rem|40px|4rem|40px|true|true” custom_margin_phone=”|20px||20px|false|true” custom_margin_last_edited=”on|phone” custom_padding=”3rem||3rem||true|false” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_row make_equal=”on” admin_label=”Text block” module_class=”LargeurBox” _builder_version=”4.25.2″ _module_preset=”default” animation_style=”fade” locked=”off” collapsed=”off” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_column type=”4_4″ _builder_version=”4.25.0″ _module_preset=”default” custom_padding=”|9rem||9rem|false|true” custom_padding_tablet=”|0rem||0rem|false|true” custom_padding_phone=”|0rem||0rem|false|true” custom_padding_last_edited=”on|desktop” global_colors_info=”{}” theme_builder_area=”post_content”][et_pb_text admin_label=”Sous-titre” module_class=”SousTitre” _builder_version=”4.25.0″ _module_preset=”default” text_font=”||||||||” text_orientation=”center” custom_margin=”||10px||false|false” text_orientation_tablet=”” text_orientation_phone=”center” text_orientation_last_edited=”on|tablet” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n Contact<\/p>\n [\/et_pb_text][et_pb_text admin_label=”Titre – H2″ module_class=”Titre_40″ _builder_version=”4.26.1″ _module_preset=”default” text_orientation=”center” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n [\/et_pb_text][et_pb_text admin_label=”Texte” _builder_version=”4.26.1″ _module_preset=”default” text_text_color=”#d2d4ec” text_font_size=”21px” text_line_height=”35px” text_orientation=”center” global_colors_info=”{}” theme_builder_area=”post_content”]<\/p>\n Contact us today and find out how we can work together to make your company’s digital future a reality.<\/p>\n [\/et_pb_text][et_pb_button button_url=”https:\/\/www.sqorus.com\/en\/contact\/” button_text=”Contact SQORUS” button_alignment=”center” module_class=”Bouton fond_orange” _builder_version=”4.26.1″ _module_preset=”default” custom_margin=”30px||||false|false” global_colors_info=”{}” theme_builder_area=”post_content”][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" Altran, Airbus, ICANN, M6, EDENRED are among the companies that suffered a cyber attack in 2019. Safety is at the heart of the company’s…<\/p>\n","protected":false},"author":54,"featured_media":6493,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","content-type":"","_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[390],"tags":[],"metiers":[224],"sujet":[217],"class_list":["post-9127","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-transformation","metiers-finance-en","sujet-advisory-en"],"acf":[],"yoast_head":"\nAssessing risks VS benefits<\/h2>\n
\n
Cybersecurity is not enough<\/h2>\n
Role of the CSO (Chief Security Officer) in the financial transformation of the company<\/h2>\n
<\/h2>\n
\n
P.S.<\/h2>\n
<\/h2>\n
Digital transformation of the Finance function : how to identify growth opportunities?<\/h2>\n
Also read about the digital transformation of finance functions<\/span><\/h3>\n
\n
<\/ul>\n
A project? A request?A question?<\/h2>\n