Navigating Cyber Threats: Mitigating Fraud Risks in Modern Business Operations

EasyChair Preprint 15145

Abstract

In the evolving digital landscape, businesses are increasingly vulnerable to sophisticated cyber threats, with fraud risks emerging as a critical concern. This paper explores the multifaceted nature of cyber fraud, examining its impact on modern business operations. By analyzing prevalent attack vectors, including phishing, ransomware, and social engineering, it highlights the importance of proactive defense mechanisms. Key strategies such as advanced encryption, multi-factor authentication, and real-time threat detection systems are discussed as effective tools for mitigating fraud risks. Additionally, this study underscores the role of employee training, regulatory compliance, and the adoption of cybersecurity frameworks in fostering a resilient business environment. Ultimately, the research provides insights into how businesses can safeguard their operations from fraud in an increasingly digitized world.

Keyphrases: Business, Mitigating, Navigating, Operations, Risks, Threats, cyber, fraud, modern

@booklet{EasyChair:15145,
  author    = {Edwin Frank},
  title     = {Navigating Cyber Threats: Mitigating Fraud Risks in Modern Business Operations},
  howpublished = {EasyChair Preprint 15145},
  year      = {EasyChair, 2024}}