The typical organization loses 5% of its revenues to fraud by its own employees each year, with most thefts committed by trusted employees in executive management, operations, accounting, sales, customer service or purchasing, according to the Association of Certified Fraud Examiners (ACFE). This type of malicious behavior by "privileged users" who have been given broad access to the company's computer assets has captured the attention of CIOs across the country.
- Business-like cybercriminals are outsourcing malware R&D – and giving new hope to CSOs
- Three responsible for Mirai botnet attacks plead guilty
- Changing fraud patterns are forcing fintech to temper automation with security
- Connected ‘things’ to fuel the local cyber insurance market
- Microsoft fixes 33 bugs in December patch, mostly for IE and Edge