How to lower the risk of 'CEO fraud'

Andrew Davies is vice president of global market strategy and financial crime risk management at Fiserv in New York (www.fiserv.com).

The growing phenomenon of 'CEO fraud' can cost victim companies up to seven-figure sums, when a staff member is duped by someone posing as an executive. Organisations need to put in place the technology and policies that will prevent such financial transactions, explains Andrew Davies.