The Intersection of Fraud Prevention and Cybersecurity

This session provides practical advice to bridge the gap between cybersecurity and fraud prevention practices.

Addresses fraud concepts, checks and balances and the roles of CFO and CISO.

15 fraud schemes are detailed, such as:

- Employee creates account and makes a payment
- Shell companies and false billing used to commit fraud
- Largest subsets growth scenario

We discuss two financial process maps with threat actors engaged at critical process steps.

This session also addresses transaction data analysis and fraud response practices.

Tips and examples are provided including data sources and testing procedures.

A maturity model and a classification system of 39 fraud schemes close out the session.