Check Kiting Is No Game By: Tony LaNasa Despite the business community’s rapid adoption of digital payment methods, some companies continue to rely on paper checks. But there’s a long-standing problem with checks: they make businesses vulnerable to […]
Typosquatters Are Leading Innocent Victims Astray By: Tony LaNasa Typosquatting takes advantage of an inclination among internet users known as “fat fingers” — a tendency to hit the wrong keys and enter misspelled trademarks or brands. Like phishing, typosquatting […]
How to Comply With New Financial Crime Regulation: CTA By: Tony LaNasa Earlier this year, the Corporate Transparency Act (CTA) became the latest law intended to foil financial crime. This law is part of the National Defense Authorization Act and requires certain […]
Is Someone Stealing Your Company’s Secrets? By: Tony LaNasa Corporate espionage has long been a threat for U.S. companies. Recently, intellectual property theft by foreign governments and organized crime gangs has grabbed headlines — for good reason. According to […]
When For-Profit Colleges Deceive Students By: Tony LaNasa For-profit colleges and vocational schools — especially online programs — provide degree-earning opportunities to many Americans who might not otherwise be able to pursue higher education due to financial pressures […]
Actively Look for Fraud and Reduce Financial Losses: Fraud Detection By: Tony LaNasa The Association of Certified Fraud Examiners’ (ACFE’s) Report to the Nations: 2020 Global Study on Occupational Fraud and Abuse provides ample evidence that some fraud detection methods are better than […]
What goes into a fraud damages calculation? By: Tony LaNasa At first glance, calculating restitution for fraud damages may seem relatively simple. If someone steals $10,000 from a company, that person should repay that amount, perhaps with interest, right? Not […]
No disaster scammer is safe from the NCDF By: Tony LaNasa What do COVID-19, major hurricanes, and West Coast wildfires have in common? All three have attracted scam artists, who have bilked disaster victims, charitable donors, insurance companies, and government agencies […]
3 ways fraud experts use data analytics By: Tony LaNasa Forensic accountants have long used technological tools to uncover fraud schemes. But recent advances in “big data” have provided even better, more efficient techniques for identifying suspicious activities and dishonest […]
Your nonprofit may have an internal controls gap By: Tony LaNasa The typical defrauded not-for-profit loses $75,000 per fraud incident, according to the Association of Certified Fraud Examiners. And that doesn’t account for the negative publicity and subsequent lost donations and […]
How to Conduct a Remote Fraud Investigation By: Tony LaNasa Before the COVID-19 pandemic, most fraud investigations took place in the office or other work facilities. This made it easy for investigators to gather and analyze data and interview suspects […]
Be careful. There might be a “visher” on the line By: Tony LaNasa “Vishing” may sound familiar, but unless you’re a fraud investigator, you probably haven’t encountered it. Unfortunately, that could change … soon. To foil a scam that increasingly takes advantage of […]