Over the next several weeks I am going to dedicate my posts to all C-level executives and the importance of keeping your eye on the ball and that ball is your company and financial future.
This CEO Fraud Prevention posts will provide a thorough overview of how to deal with this exponentially growing wave of cybercrime. I will explain how top executives in Finance are hoodwinked, how companies are compromised, how millions are siphoned off by criminals, and fiduciary responsibilities. I will cover how to prevent such an attack as well as what to do if you become the latest victim. This includes checklists of the key steps.
What is CEO Fraud? It’s ruined the careers of many executives and loyal employees. Successful CEOs have been fired because of it. Stock prices have collapsed. IPOs and mergers have been taken off the table. Known as CEO fraud or the Business Email Compromise (BEC), the FBI reports that it this type of cybercrime has victimized more than 22,000 organizations worldwide and is responsible for losses of more than $3 billion.
Despite these statistics, cyber-risk management remains a blind spot for most C-level executives. Yet any company, led by its CEO, must quickly learn to integrate these skills and technologies into day-to-day operations or face the consequences. I am a firm believer of “Knowledge Is Power”, you grew your companies, with late nights and hard work so do not allow the bad guys to steal your brand and reputation.
Next week I will dive in with the topic of “Understanding CEO Fraud”, till then………………………….
Think Before You Click!
Tina Louise Penn www.cloudplusservices.com 888.413.9186