Fraud

How fraud perpetrators target military personnel and veterans

According to the Federal Trade Commission, veterans lost approximately $60 million to fraud in 2020. Active-duty military personnel and their spouses and dependents also suffered big financial losses to fraud last year. In fact, in 2020, military consumers lost more than the general public to fraud — a median $600 compared to $311 for nonmilitary […]

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Fraud Lurks: Business Risk Assessment – For YOUR Business

This is the fifth installment of our “Fraud Lurks” series.  Like any good mini-series, each article can stand on its own but is most valuable when read in context with the earlier articles.  This month we will build on the premise that all businesses should conduct a Business Risk Assessment and make certain internal controls […]

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Are you liable for fraudulent credit and debit card charges?

Credit and debit card fraud was already a big problem when COVID-19 hit. Although how much payment card fraud increased in 2020 depends on the source, most experts agree that, like most types of fraud, it flourished during the pandemic. COVID-19-related prevention and treatment scams and increased online shopping likely contributed to this rise. If […]

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Don’t let fraud ruin your restaurant’s reopening

Most restaurants are finally reopening to in-person dining. And while you may now be thinking about luring customers back, hiring enough workers, and managing supply-chain shortages, one issue has remained the same: fraud. Restaurants often face fraud threats from employees, customers, and vendors. So now isn’t the time to drop your guard. Potential fraud risks […]

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The risks — and rewards — of accepting cryptocurrency payments

To use their ill-gotten cash, criminals must make it appear legitimate. That’s the job performed by money launderers, who increasingly use cryptocurrencies. According to digital currency analytics company Elliptic, crooks use them to launder $3 to $4 billion per year. With over 4,000 digital currencies to choose from, they gain access to a liquid asset […]

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