CEO Fraud Prevention Tips Cybersecurity is a multibillion-dollar industry for attackers, but organizations and their operations staff can take several steps to prevent it: Audit high-risk users (e.g., finance and HR staff) and train them to identify attacks and report them. ...
Deepfake can also be used to spread automated disinformation attacks, such as conspiracy theories and incorrect theories about political and social issues. A fairly obvious example of a deepfake being used in this way is afake video of Facebook founder Mark Zuckerbergclaiming to have “total contro...
What is narrow AI? Narrow AI is the application of AI techniques to a specific and well-defined problem, such as chatbots like ChatGPT, algorithms that spot fraud in credit card transactions, and natural-language-processing engines that quickly process thousands of legal documents. Most current ...
“Fraud” is any activity that relies on deception in order to achieve a gain. Fraud becomes a crime when it is a “knowing misrepresentation of the truth or concealment of a material fact to induce another to act to his or her detriment” (Black’s Law Dictionary). In other words, if...
Depending on the size of a company and how security is integrated into company culture, a CSO may report to the Chief Information Officer (CIO) or the Chief Technology Officer (CTO), the Chief Risk Officer (CRO) or the Chief Executive officer (CEO). ...
When it comes to financial stewardship, part of the CFO’s job is installing a proper risk management framework to protect against fraud and unauthorized user access.Risk management softwarehelps organizations meet compliance and regulatory mandates, such as the Sarbanes-Oxley Act (SOX) and General ...
CEO fraud This is a form of impersonation where a threat actor will research a CEO at an organization and attempt to communicate with other employees, such as the finance department, and trick them using a falsified version of their credentials. Often urgently requesting the transfer of money. ...
You can purchase check stock from the bank that has your payroll account or a stationary supply store. When placing your order, make sure that the check stock is designed to prevent fraud, uses ink that can be interpreted by bank check readers and has all of the necessary information. Most...
Corporate fraud refers to illegal activities undertaken by an individual or company that are done in a dishonest or unethical manner. Often, this kind of business fraud is designed to give an advantage to the perpetrating company or individual, as in the case oftunneling. Corporate fraud schemes...
The chief financial officer is a member of the C-suite, a term used to describe the most important executives in a company. Alongside the CFO, these roles include thechief executive officer(CEO), thechief operating officer(COO), and thechief information officer(CIO). ...