Fraud Lurks: Business Risk Assessment – For YOUR Business
This is the fifth installment of our “Fraud Lurks” series. Like any good mini-series, each article can stand on its own but is most valuable when read in context with […]
Category: Fraud
Are you liable for fraudulent credit and debit card charges?
Credit and debit card fraud was already a big problem when COVID-19 hit. Although how much payment card fraud increased in 2020 depends on the source, most experts agree that, […]
Don’t Let Fraud Ruin Your Restaurant Reopening
Most restaurants are finally reopening to in-person dining. And while you may now be thinking about luring customers back, hiring enough workers, and managing supply-chain shortages, one issue has remained […]
The risks — and rewards — of accepting cryptocurrency payments
To use their ill-gotten cash, criminals must make it appear legitimate. That’s the job performed by money launderers, who increasingly use cryptocurrencies. According to digital currency analytics company Elliptic, crooks […]
Not my plant! Preventing ransomware attacks on manufacturers
The world’s largest meat production company was recently sidelined by a ransomware attack. The hack forced the company to temporarily shutter plants in the United States, Canada, and Australia, affecting […]
Fraud Lurks: So you need internal controls – MUST READ
This is the fourth installment of our “Fraud Lurks” series. In the initial article, I pointed out an all too common fraud technique using information found on any corporate check. […]
Cash Talks — and Fraud Experts are Listening
Fraud perpetrators take whatever they can get their hands on. But they generally prefer cash because it’s virtually untraceable. Fortunately, fraud experts have the expertise and tools to trace even […]
Keeping your loyalty program safe from fraud
To generate revenue and foster customer loyalty, many businesses, including retailers, airlines, and credit card companies, create loyalty and reward programs. Such programs can help companies attract and retain customers, […]
How to defend your auto dealership from fraud
Although auto sales plunged at the start of the COVID-19 pandemic, they’ve since rebounded. In fact, some auto dealerships are reporting record sales in 2021. Problems remain — including supply […]
How to Fend Off “Friendly” Fraud
Fraudulent behavior isn’t necessarily perpetuated by people hiding their identities. For example, legitimate customers sometimes use the credit card chargeback process to their advantage — and to the disadvantage of […]
Avoid buying unreliable — or fraudulent — insurance coverage
Bad faith denials of claims by insurers are illegal, but some dishonest companies or agents attempt them anyway. It’s possible that just when you have the greatest need, you’ll find […]
Fraud Lurks: In Your Employees Part 2
Last month’s Fraud Lurks article featured employee fraud/embezzlement – part one. The article referenced the Association of Certified Fraud Examiners (ACFE) report on the costs and effects of occupational fraud. […]
