The Ugly Side of the Precious Metals & Stones Industry
All that glitters isn’t gold. This includes gold — and other precious metals, stones, and jewels that are sometimes used to launder the “dirty” proceeds of criminal activities such as […]
Category: Fraud
Deepfakes: The Newest Frontier in Fraud
Fraud perpetrators are constantly altering their methods to evade detection. Nimble cybercriminals, for example, are why IT security companies update their software so frequently. The use of deepfakes (a word […]
Fraud Still Matters When Making Business Acquisitions
The COVID-19 pandemic has often made the due diligence process for business acquisitions more complex and time-consuming. But if you’re buying a company, it’s critical to dedicate your full attention […]
Factor in Fraud When Selling Customer Invoices
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 […]
How To Reduce Accounts Receivable Fraud Risk
One of the most common routes for occupational fraud perpetrators runs through the accounts receivable department. Unless you’re aware of these accounts receivable fraud schemes and take steps to prevent […]
Making an Estate Plan? How to Avoid Fraud & Fraudulent Transfers
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 […]
Put Employees to Work Fighting Fraud
You may have the best internal controls in the business world, but if your employees don’t follow them, your company is at serious risk for fraud. The same is true […]
Make Your Fraud Contingency Plan a Blueprint for Swift Action
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 […]
New Year, New Fraud to Watch Out For
Whew, you made it through 2020! But don’t rest easy yet. Unfortunately, fraud perpetrators enjoyed a profitable year, and there are signs they may continue to feed off Americans as […]
Prevent and Detect Insider Cyberattacks
Sometimes a company’s biggest cyberattack threat comes from the inside. Here are some tips to help you prevent and detect insider cyberattacks. In one recent cybercrime scheme, a mortgage company […]
Preparing a Fraud Case for Law Enforcement
If you’ve caught an employee stealing from your company, you may think that turning the person over to the police will result in prosecution. That’s not necessarily true. Law enforcement […]
Prevent Retail Return Fraud From Damaging Holiday Profits
For most retailers, this is the most profitable season of the year. However, customer returns in January can cut deeply into December revenues — particularly if the returns are fraudulent. […]
