According to various estimates, approximately 25 to 30 percent of online dating accounts involve scammers. Therefore, if you maintain a dating platform account, you need to know that a significant portion of accounts — including possible ‘matches’ that contact you — belong to fraud perpetrators....
If you devote all your business’ security resources to fending off hackers and other cybercriminals, you may be unlocking the door, literally, to more basic types of theft. ‘Creepers’ are criminals who gain access to offices or other physical facilities via unlocked doors and social...
The U.S. economy depends on import and export markets to run as designed. After all, revenue from trade tariffs and duties contribute $30 billion annually to federal government coffers. Unfortunately, fraud regularly throws a wrench in the works of global trade and individual businesses suffer....
It is one of the most difficult types of fraud to unearth, but it does not directly affect businesses or the average consumer — in large part because its victims rarely report it. In fact, they are often prevented from doing so by perpetrators. What is...
Lapping is one of the most common ways crooked employees skim money from their employers. In these schemes, a perpetrator uses receipts from one account to cover theft from another. Here is what lapping looks like and how you can help prevent it. Starting small Lapping scams...
Benford’s Law is a long-standing statistical precept that remains as relevant and widely accepted in fighting fraud as ever. By wielding it effectively, experts can cut down fraudsters who unknowingly reveal their wrongdoings in dubious digits. Historical background The rule is named for Frank Benford, a physicist...
When market competition heats up, you might provide extra incentives for your sales staff to perform. But be careful: some employees may step over the line — to earn bigger bonuses or out of enthusiasm for the challenge — and use unethical sales tactics. Take...
The Web has opened plenty of new avenues for criminal behavior. For example, you may have heard of cybersquatting. Someone registers a site’s domain name that includes a trademark and then tries to profit by selling that name to the trademark owner. But are you familiar...
Who would defraud a kids’ organization? The answer, unfortunately, is that trusted adults sometimes steal from non-profits benefiting children. Youth sports leagues and teams, for example, are ripe for fraud. Cash transactions are common, and coaches and board members usually are volunteers with little accountability. If...
Affinity fraud — where perpetrators exploit connections of race, religion, age, politics, and profession — is one of the cruelest forms of criminal deception. Fraudsters often belong to the groups they target and, in addition to stealing money, weaken the bonds within communities. Affects individuals &...