March is Fraud Prevention Month, and Terranova wants to take this opportunity to emphasize the importance of raising awareness on information security best practices. As security professionals, whether you are deploying a comprehensive ISA program within your organization, or you have just started planning one, you hold the torch of fire regarding this month’s fraud awareness marathon. Your job is to pass it on.

Share information security knowledge and best practices to fellow colleagues. Include new employees in the conversation. Promote essential tips and tools via communication material to engage end users and reinforce newly acquired training content. Fraud Prevention Month works in parallel to Information Security Awareness as most fraud scams occur either online or make use of cyber technologies.

Fraud Prevention Month celebrates its 14th edition. Through this initiative, Canada’s Competition Bureau, a federal institution that administers and reinforces market and consumer-related legislation, strives to engage both residents and businesses to learn how to effectively “recognize, reject, and report fraud.”

Many Canadian businesses and financial services organizations are taking part in this campaign. Deputy Commissioner Josephine Palumbo stresses,

“Consumers and businesses play a crucial role in the fight against fraud. By recognizing scams and reporting them, they can protect themselves and assist the Bureau and its partners in stopping fraud.”

Terranova recommends that organizations play an active role in fraud prevention by initiating discussions with employees on ways to prevent and detect fraud online. Such exercises, along with a thorough ISA program in place, strengthen end users’ skills and familiarity with several types of fraud scams, particularly in the field of cybersecurity. This includes trends such as phishing, CEO fraud, malware detection, and social engineering. Cybercrime falls under the fraud umbrella.

Consequently, by contextualizing your ISA training within Fraud Prevention Month, you will be adding value to your overall cybersecurity program as the dialogues that ensue in that sphere make great takeaways. Employees can use such lessons as key conversation starters during dinnertime with their families.

Raising awareness about fraud, including cybercrimes, implies that best practices are being passed on, from one employee to the next, one family member to another. As in many cases, your security awareness campaigns generate social platforms which facilitate and encourage communal talks about effective fraud prevention and detection. Frame this year’s Fraud Prevention Month within your overall ISA initiative to provide social context to cybersecurity, thus inspiring employees to become security champions.