Tag: Fraud

Incentive, opportunity, and rationalization make up the “fraud triangle” or the generally required conditions for a worker to commit occupational fraud. However, 20 years ago, experts added a fourth leg

How can you guarantee that when your doors close for the day, your merchandise doesn’t wander out the back door? The term “shrinkage” in the retail space refers to when

Pitney Bowes, a shipping management vendor, reported that in 2024, 22.4 billion parcels were shipped in the Unites States. Due to the rise of online purchasing, the average American received

Many small businesses rely on a handful of trusted employees to be the smiling face a customer first encounters upon arrival. They also rely on these employees to oftentimes collect

Physicist Frank Benford first popularized Benford’s Law in 1938. In the fight against fraud, however, it’s a statistical concept that remains relevant even today. It was even cited as an

Friends and family discount abuse is an issue you may not always think about as a small business owner. Most small businesses oftentimes discount their services and products for their

As foreign tariffs begin to take effect, your company’s supply chain could become vulnerable to supply chain fraud. During the COVID-19 pandemic, due to supply shortages and an abrupt switch

Many organizations lack financial resources to protect their networks against cyberthreats, but you don’t need a large cybersecurity budget. There are simple, cost-effective habits you can adopt to help safeguard

If you or your managers suspect fraud is occurring in your organization, you can’t afford to wait to act. According to the Association of Certified Fraud Examiners, the longer an

Precious metal investments are surging in popularity — and for good reason. They’re commonly sold as a hedge against inflation and stock market volatility and as a financial refuge in