At first glance, something like payroll fraud may seem insignificant and limited in scope. When it comes to employee theft, most small business owners think about little things like stealing from the supply room to get a few extra pens and post-it pads. The reality, however, is that payroll fraud….
Tag: Fraud Prevention
While forensic accounting may be considered a fairly new profession in the grand scheme of things, its roots can be found many centuries ago. Today, we think of forensic accounting in terms of glamour and glitz – the high profile divorce, the scandalous business dealings, the shareholder disputes, and so….
For all of the spotlight that cybersecurity has received over the last several years, there are still an alarming number of businesses consistently failing to protect their data. Even worse, when these organizations ignore the threat of a cyberattack they are also putting their clients’ data at risk. In the….
Business owners handle headaches that come in many forms – from staffing issues to internal strategy and from competitive climate to external market trends, the list is seemingly never-ending. One headache that a business owner hopes to never deal with is fraud. Unfortunately, business fraud is far more common than….
From finance to business to legal issues, the role of a forensic accountant stretches further than many people realize. Sure, the $360 billion hit the economy takes each year due to corporate fraud gets most of the attention, but the reality is that forensic accounting weaves its way into a….
The various types of fraud and corruption seen in today’s work environment range significantly, thus posing a unique challenge to identifying these threats in the first place. From asset misappropriation to data theft, from payroll fraud to vendor fraud, and from accounting fraud to bribery, detecting fraud and corruption in….
From online stores to brick-and-mortar establishments, the holiday season is unfortunately a time where fraud tends to increase. For example, last year alone e-commerce CNP (card not present) fraud was up 22% during the holidays. So, business owners should be prepared for similar threats in 2018. In general, cyberattacks seem….
Ten years ago the economy hit a recession and businesses across countless industries suffered. While the hurting economy was apparent to all, one of the more discrete and surprising consequences came in the form of increased business fraud across many industries. A number of explanations can be attributed to this….
In 2018 and moving forward, cyber risk is undoubtedly amongst your company’s most prominent threats. On top of the fact that cybercrimes are rising, the changing landscape of their nature makes combating these threats exceedingly challenging. In fact, strategies to protect against cyber threats are considerably different than they were….
In today’s financial landscape, the economic effects of fraud across the world is monumental. While there have been massive developments in new tools to counter fraud, particularly in the last two decades, the presence of corruption in the corporate world is still pervasive. In fact, new reports suggest that fraud….