Fraud

Make your fraud contingency plan a blueprint for swift action

Over the past year, most businesses have been forced to contend with multiple crises, including COVID-19, social unrest and financial challenges. The last thing you need right now is a fraud incident. But if your company is defrauded, you can help mitigate the damage with a fraud contingency plan. Identifying likely scenarios No contingency plan […]

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New year, New fraud to watch out for

Whew, you made it through 2020! But don’t rest easy yet. Unfortunately, fraud perpetrators enjoyed a profitable year, and there are signs they may continue to feed off Americans as long as the pandemic is active. Here are several scams and fraud to watch for in 2021. PPP fraud Struggling small-business owners have welcomed last […]

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Prevent and Detect Insider Cyberattacks

Sometimes a company’s biggest cyberattack threat comes from the inside. Here are some tips to help you prevent and detect insider cyberattacks. In one recent cybercrime scheme, a mortgage company employee accessed his employer’s records without authorization, then used stolen customer lists to start his own mortgage business. The perpetrator hacked the protected records by […]

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Preparing a fraud case for law enforcement

If you’ve caught an employee stealing from your company, you may think that turning the person over to the police will result in prosecution. That’s not necessarily true. Law enforcement officials pursue and reject cases for many reasons. So if you request prosecution of an occupational fraud offender, take the following steps to help prepare […]

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Prevent retail return fraud from damaging holiday profits

For most retailers, this is the most profitable season of the year. However, customer returns in January can cut deeply into December revenues — particularly if the returns are fraudulent. U.S. retailers suffer annual losses of $18.4 billion from fraudulent returns, according to data analytics company Appriss and the National Retail Federation (NRF). And as […]

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