Final answer:
The policies designed to limit fraud risks include Separation of duties, Acceptable use, Least privilege, and Physical access control, each contributing to safeguarding an organization's assets and information.
Step-by-step explanation:
The policies designed to reduce the risk of fraud and prevent other losses in an organization include Separation of duties, Acceptable use, Least privilege, and Physical access control. Separation of duties refers to the division of responsibilities so that no single individual has control over all aspects of any critical transactions or processes. This makes it harder to commit fraud since it would require collusion between multiple parties. Acceptable use policies define what is considered proper use of organization resources, deterring misuse and potential fraud. Least privilege involves giving individuals the minimum levels of access—or permissions—needed to perform their job functions, which minimizes the opportunity for improper access or fraudulent activities. Lastly, Physical access control ensures that only authorized personnel can gain entry to secure areas, reducing the risk of theft, tampering, or unauthorized access to sensitive information.