Category: Fraud

Fraud perpetrated by employees, management, vendors, or customers can happen to any organization. In certain instances, it can take years to recover from the financial losses and even reputational damage.

The Financial Crimes Enforcement Network (FinCEN) recently told U.S. financial institutions to exercise caution when processing paper checks. Why? Because there’s a possibility it could be fake. While you may

Social media platforms can be a breeding ground for fraudulent activity with billions of users around the globe. From simple identity theft to sophisticated and complex fraud schemes, it can

While the ‘investment opportunity’ that was just pitched to you could be a legitimate way to get in on a newly launched, soon-to-be profitable business, it also could be a

Business may not realize that customers’ disputes (reports of fraud or suspicious charges on their accounts) , could actually be an opportunity for your business instead of a challenge. Handle

“I never would have suspected that person!” This is probably the answer you hear when asking a business owner about an employee that got caught defrauding their company. In many

Various sources state that approximately 10% of all insurance claims involve fraud. Then, insurers generally pass along the fraud costs to policyholders in the form of higher premiums. Unfortunately, organizations

It can be stressful when you don’t know if your business will receive what a liquidating creditor owes it. Liquidating companies come by their financially distressed situations honestly, in most

‘Return season,’ is here for many retailers. For them, a new year means customers returning unwanted holiday gifts for refunds or exchanges. Return season can be overwhelming for businesses if,

According to the biannual Association of Certified Fraud Examiners “Report to the Nations”, the longer fraud schemes remain undetected, the greater the losses for the victimized organizations. The 2022 report