Cyber-enabled fraud (CEF) poses a significant and escalating threat to organizations, costing billions and impacting reputation and operations. Cybercriminals leverage IT to scale fraudulent activities like ransomware, phishing, and scams, which are increasingly intertwined with other criminal enterprises. Addressing CEF requires a strategic shift towards proactive, preventive measures, moving away from fragmented, siloed approaches. CISOs and boards must collaborate to develop unified strategies, understanding common fraud tactics such as impersonation and account takeovers. Implementing scalable risk assessments, like the FS-ISAC framework, and mapping vulnerable workflows are crucial steps. Organizations can leverage existing fraud prevention capabilities and industry partnerships to enhance detection and prevention. Regular dialogue between boards and CISOs is essential for aligning executive leadership and building a cohesive defense. Boards should actively inquire about threat landscapes and mitigation strategies from security experts. Google Cloud actively combats fraud through its services and industry collaborations. Future updates will continue to provide insights on security matters from Google Cloud.