Typosquatters profit from common user errors
The Web has opened plenty of new avenues for criminal behavior. For example, you may have heard of cybersquatting. Someone registers a site’s domain name that includes a trademark and […]
Category: Fraud
Why affinity fraud is particularly heinous
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
[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
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
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
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
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
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
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
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
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
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 […]
