Do You Have a Fraud Disaster Plan?
Your business likely has a disaster plan for emergencies like fires, natural disasters, or terrorist attacks that could disrupt operations and endanger lives. While a fraud contingency plan might […]
Category: Fraud
Addressing Workers’ Comp Fraud
Workers’ compensation insurance offers essential medical care and financial support to employees injured or incapacitated at work. Unfortunately, this benefit is sometimes exploited by dishonest individuals. According to the Coalition […]
BEWARE of Office Supply Fraud
Office supply scams are a tricky form of vendor fraud that often exploits behavioral psychology and poor office communication. While they might not cause significant financial losses individually, the costs can […]
Cybersecurity Essentials for Businesses
Businesses of all sizes rely heavily on technology, making them vulnerable to cyberattacks. Companies need a comprehensive cybersecurity program beyond basic antivirus software to combat these threats. Seven Essential Cybersecurity […]
Beware of Tax Scams on Social Media
Social media often takes the blame for spreading misinformation, sometimes for good reason. Recently, the IRS issued a warning to both individual and business taxpayers about false claims regarding various […]
Is Your Inventory Missing — Or Stolen? Ask an Expert
Many organizations, including retailers, manufacturers, and contractors, rely heavily on strict inventory control. If inventory is not precisely tracked, businesses are unable to effectively produce goods, meet customer demand, and generate […]
IRS Provides Recommendations to Protect Against Senior Scams
The IRS recently issued a press release (IR-2024-164) warning about the rising threat of impersonation scams targeting seniors where fraudsters imitate government officials to obtain sensitive personal information and money. […]
Shoring Up Protections Against Expense Reimbursement Fraud
Expense reimbursement fraud is an occupational fraud scheme that has become more costly for businesses since the start of the COVID-19 pandemic in 2020. According to the most recent report from the Association […]
What To Do If Your Business Is Defrauded
Occupational fraud is more than just a financial hazard. It can transform a company’s reputation, culture, and relationships. However, before dealing with any of the deeper repercussions from fraud, exposed organizations must “clean […]
Why Would Your Businesses Want “Know Your Customer” Policies?
Financial institutions, investment service companies, insurers, and creditors are generally required to implement and adhere to know-your-customer (KYC) policies as part of a larger anti-money laundering (AML) strategy. Although most […]
IRS Dirty Dozen Part 5: Bogus Tax Avoidance Strategies and Schemes With an International Element
Today, we bring you the final two scams highlighted by the 2024 Dirty Dozen campaign, an annual list compiled by the IRS outlining the most common tax schemes and providing […]
IRS Dirty Dozen Part 4 – Spearphishing and Schemes Aimed at High-Income Tax Filers
In this article, we present two more scams from the IRS’ 2024 Dirty Dozen list: spearphishing and schemes aimed at high-income tax filers. Read on so you don’t fall victim […]
