Fraud prevention doesn’t always require large expenditures or sophisticated technology. More often, it comes down to simple controls that address common fraud vulnerabilities. Many banks offer […]
Fraud prevention starts at the top — with the board of directors. In fact, an engaged audit committee (or other oversight team, such as an advisory […]
U.S. military veterans own majority stakes in more than 1.6 million businesses and represent 5.3% of this country’s business owners, according to the U.S. Small Business Administration. Even if you aren’t a veteran, you might employ […]
Fraud can be difficult to detect when different employees handle different parts of a transaction. A dishonest manager may instruct several employees to perform routine tasks […]
Research by the Association of Certified Fraud Examiners (ACFE) and others has consistently found that some industries suffer higher […]
Occupational fraud often starts with an employee’s small behavioral change. For example, a salesperson might suddenly download an unusually large amount of customer data. Or an accounting staffer might access vendor records outside of normal […]
When it comes to fraud, small business owners can feel like they’re between a rock and a hard place. On the one hand, the Association of […]
In some workplaces, employees stay late — not to finish pressing company projects — but to use their employers’ resources to pursue unauthorized side work. These […]
According to the FBI, staged auto accidents account for approximately $20 billion a year in losses. This type of insurance fraud is particularly harmful to the insurance […]
“Lulling” may sound comforting, but in a fraud context, it’s far from it. This term refers to techniques fraud perpetrators use to prevent suspicious businesses or […]
