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“As the sophistication of security threats continue to increase, it has never been more important for organisations to have the appropriate tools and services in place to protect themselves from fraud. The amount of data and confidential information that is transacted every day, coupled with the growth in reliance on digital services, means that many businesses are at risk – making them an easy target in the eyes of a cyber-criminal.

“Organisations can no longer afford to make mistakes in security and should look to make fraud security part of its security programme. By communicating from the top down what cyber security means to its business, CSOs can help all employees to recognise their responsibility in ensuring the company is adequately prepared to manage threats. As well as this, CSOs should act as the “business enabler” by making sure that business runs as usual and everything is secure by default.”