Legacy Systems
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Cybersecurity Dominates CFOs’ Risk Concerns: 99% Report Incidents, 94% Plan Spending Boost
A recent survey of UK CFOs reveals that 99% have experienced payment-related cyber incidents in the past two years, making cybersecurity their top operational risk. While 94% plan to increase cybersecurity spending and universally desire automation, particularly in Accounts Payable, integration challenges with legacy systems hinder progress. Only 64% are confident in their systems’ ability to provide essential real-time oversight, highlighting the urgent need for modern, unified solutions to combat cyber threats and improve efficiency.
