When organizations consider cybersecurity and fraud, they often view them as two separate functions with differing objectives. However, in this day and age, cybersecurity threats can compound the risks of fraud. Therefore, keeping these two business units siloed can inadvertently put the organization at risk.
Organizations should look to cross business unit boundaries, fostering a collective and de-siloed approach to resistance against the threat.
By taking a collective approach, an organization enables a holistic view of the risks, underlying processes, and technology architecture—ultimately leading to improved efficiencies and decision-making capabilities.
Listen to K2 Integrity expert Surjeet Mahant discuss how these two business units can work together. Topics for discussion included:
- The functionality of a fraud and cybersecurity program
- The common goal between the two functions
- What a collective approach looks like in practice
- The potential cost and efficiency benefits of a collective approach
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