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
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
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 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
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
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
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
When businesses are defrauded, courts can — and in some states must — order restitution. However, it is not always easy for judges to decide how much a company has
One of the governing principles of the employee/employer relationship is that employees have a fiduciary duty to act in their employer’s interests. An employee’s undisclosed conflict of interest can be
Despite the National Do Not Call registry and features such as caller ID, phone fraud is thriving in the mobile phone era. Using spoofed numbers — which appear to be
