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.
This CEO Fraud Prevention Manual provides a thorough overview of how to deal with this exponentially growing wave of cybercrime. Part I explains how top executives in Finance are hoodwinked, how companies are compromised, how millions are siphoned off by criminals, and fiduciary responsibilities. Part II covers 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.