Guide

The CFO Guide to Fighting Fraud: How to Defeat the Biggest Risk to Your Organization with AI-powered Lean Financial Operations

The CFO Guide to Fighting Fraud: How to Defeat the Biggest Risk to Your Organization with AI-powered Lean Financial Operations

Pages 5 Pages

Fraud is escalating and costly: 83% of firms that felt “prepared” still lost ~5% of revenue; GenAI-enabled cyber fraud rose 118%; 79% faced payments fraud in 2024; invoice fraud tops $1M per company, with headline losses up to $25M—and only 22% recovered ≥75% of stolen funds. The guide urges “Lean Financial Operations™” to remove manual gaps and deploy AI/automation across five fronts: (1) AI invoice forensics to flag fakes, (2) detect atypical amounts/behaviors, (3) authenticate vendors and bank changes, (4) harden access with MFA/RBAC and encryption, and (5) maintain end-to-end audit trails and real-time alerts—preventing fraud before it hits cash flow and reputation.

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