How Vital Is Information Security Controls in Fraud Prevention?
- March 16, 2020
- Business and Management
- No Comments
Fraud prevention is one of the biggest challenges for organizations worldwide. What further steps that can be explored to ensure the Prevention of Fraud in a more effective way?
What role can play to improve the Information Security Fraud Prevention mechanisms in your organization?
Traditionally, "Information Security" is associated with the term Cyber Security and used interchangeably. The approach of the organization, vendors, and industry experts provide insight that Information Security is all about technology-related Cyber Security controls only. You can navigate to this web-site to know more cyber security.
Providing the direct business value of information security investments rarely appears as a priority or discussion point.
At best, it becomes a theoretical analysis of the Information Security strategic alignment with the business. But still, the effectiveness or practical implementation methodology found lacking.
However, like many other areas, Fraud Prevention is one of the critical business challenges that information security controls can add value.
Information Security and Fraud Prevention
Information Security community has failed to demonstrate or communicate an effective mechanism to prevent the loss of the organization other than the offense of cyberattacks.
Finding an Information Security expert with adequate technical background and business acumen of the most significant challenges in the industry meeting.
Professionals with a background of government or audit that comes with a risk management background.
Although exceptions noted, most experts come up with theoretical knowledge on technology and do not understand the real technical challenge.
At the same time, the other side of the spectrum is a technical expert who comes from an IT background but without an open mind or any exposure to business challenges and expectations.
Information Security Leaders appropriate, with technical expertise and business acumen, should be able to link the information security controls with business challenges.