Cyber Fraud in the Age of Digital Transformation

As organisations accelerate digital transformation, the intersection between cybersecurity and fraud risk has become increasingly critical. Cyber incidents are no longer confined to IT disruption—they are a primary driver of financial loss, fraud schemes, and regulatory exposure. Fraud examiners must now understand how control failures in cybersecurity environments directly enable fraudulent activity.

From business email compromise and credential theft to third-party vulnerabilities and data breaches, cyber-enabled fraud schemes exploit weaknesses in governance, identity management, and operational controls. Traditional fraud frameworks often fail to fully capture these risks, leaving organisations exposed to complex, fast-evolving threats.

This session explores how cybersecurity failures translate into fraud risk, providing a practical framework for identifying, assessing, and mitigating cyber-enabled fraud. It bridges the gap between fraud examination, audit, and cybersecurity disciplines, equipping professionals with the tools to evaluate modern risk environments and strengthen organisational resilience.

Key Topics Discussed:

• Convergence of cybersecurity and fraud risk
• Shift from physical fraud to digital exploitation
• Phases of the modern fraud attack chain
• Interrelation of key threat vectors
• Impact of identity compromise and privilege access misuse
• Concept of persistence in cyber attacks
• Social engineering and human vulnerabilities
• Methods of credential theft and account takeover
• Mechanics of man-in-the-middle and malware attacks
• Risks of third-party access and vendor fraud
• Threat of business email compromise