CTP · Question #318
(Topic 4) Company ABC experienced a loss in the past when an employee in the treasury department was able to transfer $1.5 million to a personal account offshore. The company is working with a…
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Question
- (Topic 4)
Company ABC experienced a loss in the past when an employee in the treasury department was able to transfer $1.5 million to a personal account offshore. The company is working with a security agent to prevent this from happening in the future. ABC also accepts a large number ofchecks as payment. The agent has suggested upgrades to ABC’s payment process. What step should be taken to help mitigate this type of risk in the future?
Options
- ASecurely store check stock.
- BSet up international bank security.
- CImplement dual approval.
- DImplement data security standards.
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