Despite the business community’s rapid adoption of digital payment methods, some companies continue to rely on paper checks. But there’s a long-standing problem with checks: They make businesses vulnerable to
Typosquatting takes advantage of an inclination among internet users known as “fat fingers” — a tendency to hit the wrong keys and enter misspelled trademarks or brands. Like phishing, typosquatting
Earlier this year, the Corporate Transparency Act (CTA) became the latest law intended to foil financial crime. This law is part of the National Defense Authorization Act and requires certain
Corporate espionage has long been a threat for U.S. companies. Recently, intellectual property (IP) theft by foreign governments and organized crime gangs has grabbed headlines — for good reason. According
For-profit colleges and vocational schools — especially online programs — provide degree-earning opportunities to many Americans who might not otherwise be able to pursue higher education due to financial pressures
The Association of Certified Fraud Examiners’ (ACFE) ‘Report to the Nations: 2020 Global Study on Occupational Fraud and Abuse’ provides ample evidence that some fraud detection methods are better than
At first glance, calculating restitution for fraud damages may seem relatively simple. If someone steals $10,000 from a company, that person should repay that amount, perhaps with interest, right? Not
Vendor fraud can be costly — particularly when several perpetrators are involved. The median loss of a fraud scheme conducted by two individuals is $200,000, according to the Association of
What do COVID-19, major hurricanes, and West Coast wildfires have in common? All three have attracted scam artists, who have bilked disaster victims, charitable donors, insurance companies, and government agencies
Forensic accountants have long used technological tools to uncover fraud schemes. But recent advances in ‘big data’ have provided even better, more efficient techniques for identifying suspicious activities and dishonest
