Fraud and IT - you don't know what you've got 'til it's gone
Conclusion: As organisations become increasingly dependent on computer systems, IT will have an increasingly important role to play in preventing and detecting fraud. CIOs must ensure that there are sufficient checks and balances minimising the risk of IT professionals abusing their elevated systems privileges, and that systems are configured to produce useful logs. CIOs should also ensure that policies for the prevention, and detection, of fraud are tested and enforced. Policies for log management and data retention should get high priority.
About The Advisor
James Turner is an IBRS emeritus Advisor who specialised in cyber security and risk and facilitates the CIO Cyber and Risk Network on behalf of IBRS. James has over a decade of experience as an industry analyst and advisor; researching the cyber security industry in Australia. As an IBRS Advisor, James authored over 100 IBRS Advisory papers, led dozens of executive roundtables, and presented at numerous conferences.