1. How would you describe the importance of fraud awareness and fraud risk management?
When people think of cybersecurity, they generally think about protecting the perimeter (device security, network security), but your security perimeter extends beyond hardware. It’s all about the people; it comes to you, people you work with, the people across your whole business, the suppliers, and the people with whom the suppliers are interacting with.
You can have all the security in the world and have everything locked out tight, and someone gets tricked into changing payment information for one of your suppliers. And suddenly, there’s money going off to the wrong people, and you’re going to lose a lot of money. You’re going to be in the press; the chances are that person who made that mistake is going to be out of a job. So, it’s hugely important and a lot of people don’t take it seriously enough until they’re hit with fraud. And then they take it very seriously.
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