Fraud perpetrators are constantly altering their methods to evade detection. Nimble cybercriminals, for example, are why information technology security companies update their software so frequently. The use of deepfakes (a
One of the most common routes for occupational fraud perpetrators runs through the accounts receivable department. Unless you are aware of these schemes and take steps to prevent them, your
If your business struggles to generate steady cash flow from operations, factoring is a possible solution. With factoring, a business sells the right to collect on customer invoices to a
If you have an estate plan and also have creditors, you could be a fraud perpetrator — without knowing it or intending to defraud anyone. In some circumstances, creditors can
Many startup companies require access to large sums of investment capital to take on well-established competitors. The need to raise such funding may encourage a startup’s founder to paint an
You may have the best internal controls in the business world, but if your employees do not follow them, your company is at serious risk for fraud. The same is
Whew, you made it through 2020! But do not rest easy yet. Unfortunately, fraud perpetrators enjoyed a profitable year, and there are signs they may continue to feed off Americans
Over the past year, most businesses have been forced to contend with multiple crises, including COVID-19, social unrest, and financial challenges. The last thing you need right now is a
If you have caught an employee stealing from your company, you may think that turning the person over to the police will result in prosecution. That is not necessarily true.
In one recent cybercrime scheme, a mortgage company employee accessed his employer’s records without authorization, then used stolen customer lists to start his own mortgage business. The perpetrator hacked the
