Reporting Fraud Risk to the Board

Boards want four answers

1. Are we losing more or less to fraud than last quarter?
2. What scam type would hurt us most this year?
3. Is our spending on fraud defense paying off?
4. Are we ready if the worst happens?

The four-slide template

• Slide 1: Fraud loss trend (4 quarters, by scam type)
• Slide 2: Top three scam risks with owners + target dates
• Slide 3: Investment alignment (controls vs. losses prevented vs. industry benchmarks)
• Slide 4: Resilience — last tabletop, last drill, last incident, lessons learned

What to avoid

• Pure technical metrics (mean-time-to-detect alone is meaningless to boards)
• Reactive narratives ("we responded to X" without trend context)
• "Things are fine" — boards know they're not, and lose trust in CISOs / CFOs who say so

Cyberphoenix can co-author your first one