Why affinity fraud is particularly heinous By: Anthony LaNasa 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 […]
Getting the goods on hidden assets By: Anthony LaNasa [vc_row][vc_column][vc_column_text] Hidden assets can be an issue in a variety of contexts — from divorce to bankruptcy to fraud. An acrimonious divorce, ownership dispute or occupational theft incident could all […]
How dirty money can sully real estate transactions By: Anthony LaNasa Money laundering is the process by which criminals transform their ill-gotten gains into legitimate-looking funds. It’s widespread and wide-reaching, making it a significant corrupting influence on financial systems, governments, and […]
The connection between fraud and geometry By: Anthony LaNasa Fraud experts have long suggested that the presence of three conditions, known as the “fraud triangle,” greatly increases the likelihood that an employee will commit fraud. Over the years, this […]
When the early bird commits the fraud, you need to catch it By: Anthony LaNasa Early revenue recognition has long accounted for a substantial portion of financial statement fraud. By recording revenue early, a dishonest business seller or an employee under pressure to meet financial […]
To be effective, you can’t fight fraud passively By: Anthony LaNasa When it comes to reducing fraud loss and duration, active detection methods (such as surprise audits or data monitoring) are far more effective than passive methods (such as confessions or […]
Why your phone may be a fraud risk By: Anthony LaNasa As more people use mobile phones, more fraud perpetrators target these devices. According to Javelin Strategy & Research, between 2017 and 2018 the number of fraudulent mobile-phone accounts opened grew […]
Protect your nonprofit from occupational fraud threats By: Helen Weeber Not-for-profit organizations don’t lose as much to occupational fraud as for-profit businesses do. According to the Association of Certified Fraud Examiners’ (ACFE’s) 2018 Report to the Nations, nonprofits lost a […]
Assess for fraud risk before you experience financial losses By: Anthony LaNasa If you’re like most business owners and executives, you may not actively search for fraud risks — until there’s an incident and you’re facing possible losses. Although publicly traded companies […]
Cover all the bases with a background check By: Anthony LaNasa Background checks don’t inoculate companies against occupational fraud and other criminal acts by employees. After all, many thieves have never been caught and, therefore, have no criminal background. But conducting […]
The greatest corporate espionage risk is internal By: Anthony LaNasa It’s a federal crime to steal trade secrets, but that doesn’t stop thieves from successfully making off with billions of dollars in intellectual property (IP) annually. Companies may work hard […]
Fraud guides may help criminals hack your data By: Anthony LaNasa Fraud experts have long known that “dark web” sites provide information, support and illicit goods to hackers and other criminals. But security company Terbium Labs recently published a report analyzing […]