5 Ways to Stop Employees From Colluding in Fraud
What happens if two or more individuals in your organization collude to commit fraud? According to the Association of Certified Fraud Examiners’ (ACFE’s) 2022 Report to the Nations, fraud losses […]
Post Author: Anthony LaNasa CPA CFE
Spotlight on a Critical Antifraud Tool: Risk Assessments
Fraud risk assessments have been shown to prevent occupational fraud and limit losses for victimized organizations. These tools have become more prevalent in recent years, according to “Occupational Fraud 2022: […]
Partially Empty Offices Can Be Fertile Ground for Theft
If most of your employees have worked from home since the start of the pandemic or are only gradually transitioning back to onsite work, your office may be emptier than […]
Protecting Your Business From Organized Crime
During the early stages of the COVID-19 pandemic, many cash-short small businesses turned to their banks, while others sought help from family and friends. Unfortunately, these sources weren’t enough in […]
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 […]
IRS Provides Clarification Related to Employee Retention Credits
The Internal Revenue Service (IRS) has provided guidance to clarify uncertainties related to the Employee Retention Credit (ERC), which was originally set to expire on Jan. 1, 2022, but was […]
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) […]
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 […]
