Incorporating Fraud Risk Management into the Fabric of Sustainable Digital Business Operations: Post Pandemic Era

Abstract

In the aftermath of the pandemic, businesses have expedited their digitalization journey, focusing on sustainability as a fundamental tenet of their operations. This abstract delves into the vital need for seamlessly weaving fraud risk management into the tapestry of sustainable digital business operations during the post-pandemic era. As companies pivot towards digitized landscapes, their susceptibility to a gamut of fraudulent activities heightens. This abstract accentuates the significance of an all-encompassing strategy that aligns fraud risk management harmoniously with sustainable business paradigms. By amalgamating these two critical facets, enterprises can shield not only their financial interests but also proactively contribute to the greater societal and environmental good. Furthermore, this abstract casts light on the shifting panorama of fraud risks, spanning cyber incursions, identity usurpation, and online swindles, which surged amid the pandemic. It underscores that entrenching fraud resilience within digital strategies augments an organization's capacity to adeptly navigate unforeseen disruptions. The abstract also underscores the pivotal role played by technological catalysts like artificial intelligence, machine learning, and block chain in bolstering fraud detection and prevention mechanisms. Harnessing these tools not only enhances operational efficiency but also reinforces the credibility of sustainable practices. In summation, this abstract encapsulates the crux of assimilating fraud risk management into the nucleus of sustainable digital business operations. By adopting this symbiotic approach, businesses can adeptly manoeuvre the intricacies of the post-pandemic terrain while propelling their dedication to both fiscal prosperity and societal conscientiousness.