Health Care Fraud Still Stings Americans
Even if you have not heard much about it lately, know this: health care fraud is alive and well in the United States. Here is a roundup of recent stats,
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Category: Fraud
Why Your Phone May Be A Fraud Risk
As more people use mobile phones, more fraud perpetrators target these devices. According to Javelin Strategy & Research, between 2017 and 2018 the number of fraudulent mobile-phone accounts opened grew
To Be Effective, You Cannot Fight Fraud Passively
When it comes to reducing fraud loss and duration, active detection methods (such as surprise audits or data monitoring) are far more effective than passive methods (such as confessions or
Protect Your Non-Profit From Occupational Fraud Threats
Non-profit organizations do not lose as much to occupational fraud as for-profit businesses do. According to the Association of Certified Fraud Examiners’ 2018 Report to the Nations, non-profits lost a
Cover All The Bases With A Background Check
Background checks do not inoculate companies against occupational fraud and other criminal acts by employees. After all, many thieves have never been caught and, therefore, have no criminal background. But
Assess For Fraud Risk Before You Experience Financial Losses
If you are like most business owners and executives, you may not actively search for fraud risks — until there is an incident and you are facing possible losses. Although
Fraud Guides May Help Criminals Hack Your Data
Fraud experts have long known that ‘dark web’ sites provide information, support, and illicit goods to hackers and other criminals. But security company Terbium Labs (Terbium) recently published a report
The Greatest Corporate Espionage Risk Is Internal
It is a federal crime to steal trade secrets, but that does not stop thieves from successfully making off with billions of dollars in intellectual property (IP) annually. Companies may
Do Not Mistake Kickbacks For Gifts
Kickbacks return a portion of the money exchanged in a business transaction as compensation for favorable treatment. They are illegal in the United States and many other countries, but because
How Experts Use Data Analysis To Detect Fraud
Data analytics is changing the way many businesses operate. It also is changing how forensic accountants do their jobs, providing fraud experts with the means to mine massive mounds of