Fraud

Not my plant! Preventing ransomware attacks on manufacturers

The world’s largest meat production company was recently sidelined by a ransomware attack. The hack forced the company to temporarily shutter plants in the United States, Canada, and Australia, affecting the U.S. meat supply and even hurting commodity prices. If it seems like cybercriminals often target manufacturing (including food processing) and distribution companies, that’s because […]

Read the full article

Fraud Lurks: So you need internal controls – MUST READ

This is the fourth installment of our “Fraud Lurks” series. In the initial article, I pointed out an all too common fraud technique using information found on any corporate check. The second and third installments concentrated on occupational fraud which is generally internal fraud, using statistics in the 2020 Global Report to the Nations published […]

Read the full article

Cash talks — and fraud experts are listening

Fraud perpetrators take whatever they can get their hands on. But they generally prefer cash because it’s virtually untraceable. Fortunately, fraud experts have the expertise and tools to trace even cash-based theft. Multiple opportunities for fraud According to the Association of Certified Fraud Examiners, there are three main categories of cash fraud, which include checks […]

Read the full article

Keeping your loyalty program safe from fraud

To generate revenue and foster customer loyalty, many businesses, including retailers, airlines, and credit card companies, create loyalty and reward programs. Such programs can help companies attract and retain customers, but they may also be subject to fraud and abuse. ATO risk Loyalty programs are particularly vulnerable to account takeovers (ATOs). In these schemes, a […]

Read the full article

How to defend your auto dealership from fraud

Although auto sales plunged at the start of the COVID-19 pandemic, they’ve since rebounded. In fact, some auto dealerships are reporting record sales in 2021. Problems remain — including supply bottlenecks. Also, your dealership may be more vulnerable to fraud. Factors such as employees working from home, new vendors, and even booming sales, can put […]

Read the full article