IRS Dirty Dozen Part 1 – CRAT & Foreign Pension Arrangement Scams
The IRS has released its Dirty Dozen list for 2022. Compiled annually, the Dirty Dozen is a list of the top tax scams and schemes that fraudsters use to steal […]
Category: Fraud
6 Tips for Foiling Fake Suppliers in Online Marketplaces
Supply chain issues continue to hurt many U.S. businesses — possibly in more ways than you think. Not only do supply shortages and delays make it difficult for companies to […]
Highlights From the Latest ACFE Fraud Report
Preventing, detecting, and investigating occupational fraud requires a deep understanding of the types of schemes, potential financial losses, emerging threats and risk mitigation strategies. To that end, the Association of […]
How to Qualify for, and Keep, Cyber Insurance Coverage
These days, it’s common for businesses to purchase cyber insurance to help mitigate financial losses from network breaches. According to the U.S. Government Accountability Office, the proportion of businesses adding […]
Keep Cybercriminals from Stealing Your Business’s Brand
When criminals steal an individual’s identity, the victim can take steps to minimize potential damage by, for example, notifying credit agencies and freezing bank accounts. But what happens if a […]
5 Ways to Foil a Bank ”Fraud Department” Scam
Bank Fraud Scams When banks detect suspicious activity in a customer’s account, the bank fraud department often call account holders to discuss the transactions. Time is of the essence when […]
10 Tips to Protect Personal Information Online
The IRS urges people to defend themselves against cyber scams during and after tax season by properly securing computers, tablets and phones. Solid cybersecurity protection and scam recognition is vital […]
Preventing and Detecting Fraud in the C-Suite
Executives often receive lucrative compensation packages. But for some, it isn’t enough and they engage in C-suite fraud to line their own pockets. The Association of Certified Fraud Examiners (ACFE) […]
Don’t Lose Your Company’s IT Assets
Keeping track of every IT asset — particularly as remote work has become common — is essential if your company wants to limit financial losses and fraud risk. According to […]
Protecting your Company from Cryptocurrency Fraud
According to blockchain data company Chainalysis, cryptocurrency transactions associated with illegal activity topped $14 billion in 2021. That’s almost double 2020 numbers — and the momentum shows no signs of […]
IRS Warns Taxpayers of Tax-Related Scams
As tax season begins, the Internal Revenue Service reminds taxpayers to protect their personal and financial information and watch out for IRS impersonation scams, along with other schemes, that try […]
How Cash Flow Statements Help Experts Find Fraud
Many fraud investigations focus on financial statements. Because cash is the most commonly stolen business asset, fraud experts regularly scrutinize statements of cash flow for signs of misappropriation and fraudulent […]
