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Risk management and fraud news from around the web: April 24 – 28, 2023

Written on Apr 26, 2023

CFOs play a key role in advocating for preventative cybersecurity actions that help reduce the cost of cyber risks. 

Today’s ransomware landscape is like the Wild West. Nearly anything goes, and even actors with limited technical skills can get into the action. In the end, though, threat groups may be shooting themselves in the foot. If attackers destroy your files, what’s the point in paying the ransom? 

The role of internal audit is critical to providing assurance on the effective identification and management of risks that organizations face, a landscape that appears to change dynamically nearly every day. 

The pandemic-fueled expansion of unemployment insurance increased opportunities for fraud, but a new report from the Government Accountability Office found that federal agencies have yet to fully implement recommendations to ensure they are effectively managing fraud risks.