In many occupational fraud incidents, the perpetrator is a long-tenured, well-liked, and high-performing employee. In part, that’s because many organizations ignore red flags when employees have impeccable records — which
Almost all (98%) of respondents to a recent survey conducted by Creditsafe expressed concern about being victimized by vendor fraud. Unfortunately, most business owners and managers aren’t well informed about
One often overlooked aspect of workplace fraud is that not all employees do it for personal gain. Sometimes, it’s driven by loyalty, fear, or the mistaken belief that they’re helping
It’s the height of the construction season in most parts of the country and your business probably wants to make the most of it. But rising costs, worker shortages, international
Technological advances can as easily open the door to fraud as well as close it. While there have been significant improvements made to generative artificial intelligence’s (GenAI’s) document generation capabilities,
Fraud — whether it’s occupational or external — doesn’t just cause immediate financial losses. Your organization’s long-term value can also be reduced. For example, it could lower the price when
Annual fraud risk assessments can be very effective in finding obvious fraud threats and documenting internal controls that are in place to reduce them. However, if bad actors exploit them,
Fraud schemes are always evolving. As soon as fraud schemes are widely publicized and consumers and businesses learn to spot common scams, enterprising criminals change their tactics. So, even if
Cybercriminals are always looking for novel ways to gain unauthorized access to online accounts and IT networks. A newer scheme, password “spraying” is one that you and your IT department
Statistics on fraud rates in family-run businesses are scant. This is most likely because the majority of family enterprises keep incidents of financial malfeasance under wraps and don’t involve law
