Home/Fraud Prevention

5 Tips for Reducing Fraud in Your Business

By | 2017-05-24T13:42:06+00:00 July 27th, 2016|Fraud Prevention, Uncategorized|

There are as many ways to defraud a business as there are individuals to dream up scams. Your accounting function — payroll and accounts payable and receivable — is particularly vulnerable. To protect your business from financial losses and possible public embarrassment, implement and enforce these five basic controls: 1. Screen employees. Require all prospective [...]

Review your Statements Each Month to Check for Identity Theft Charges

By | 2017-05-24T13:42:07+00:00 June 22nd, 2016|Fraud Prevention|

Do you review your statements each month? With the prevalence of automated bill payment, many busy consumers don't bother to review their monthly bank or credit card statements anymore. Or they may review only those charges above a certain amount. But a recent indictment by the Federal Trade Commission highlights how important it is to [...]

Protect Yourself from Online Identity Theft and Fraud

By | 2017-09-08T21:21:27+00:00 June 15th, 2016|Fraud Prevention|

From mobile apps to the Internet, technology has transformed our lives. It facilitates financial transactions and the transmission of information. But it also brings risks. There are weekly news stories about sensitive personal data being hacked online and sold on the black market. Thieves use personal data to access accounts, open new ones, complete fraudulent [...]

Prevent Losses Due To Fraud

By | 2017-05-24T13:42:21+00:00 December 15th, 2014|Fraud Prevention|

Consistent with previous studies, the 2014 report estimates that the typical organization loses 5 percent of its revenues each year to fraud. Based on the latest Commerce Department estimate of 2013 U.S. gross domestic product ($16.8 trillion), domestic organizations lost about $840 billion to fraud last year.

3 Tips to Avoid New Phone Scams

By | 2017-05-24T13:42:21+00:00 December 3rd, 2014|Fraud Prevention|

If you've noticed an increase in unsolicited phone calls — even though you're on the Do Not Call registry -- you're not alone. The Federal Trade Commission (FTC) and the Better Business Bureau (BBB) warn that these calls may appear to come from a local business, your bank, a neighbor, or even from yourself. The point is to get you to pick up the phone.

Don’t Let Phone Scams Trick You

By | 2017-05-24T13:42:21+00:00 December 1st, 2014|Fraud Prevention|

Phone scams continue to become more sophisticated. When caller ID was introduced, it became easier for people to avoid unwanted calls, but it was only a matter of time until scam artists developed ways to use caller ID to entice people to pick up the phone. Scammers can mimic your bank or your credit card company or even a government agency like the IRS.

3 Steps to Limit Identity Theft at Work

By | 2017-05-24T13:42:23+00:00 July 30th, 2014|Articles, Business Advice, Fraud Prevention|

Businesses are not always aware of the full scope of business problems that identity theft can cause.  It is not only credit card information that can be utilized: sensitive files, such as customer, vendor, or employee home addresses or social security numbers can also be exploited. If a business falls victim to identity theft, it [...]

Fraud Detection & Prevention

By | 2017-10-26T17:08:41+00:00 April 23rd, 2014|Articles, Fraud Prevention|

Fraud is everywhere and can range from small infractions to large scale theft. Fraud can be experienced by not only a company but by individuals. Studies have shown that the presence of anti-fraud controls correlates with a decreases in the cost and duration of fraud. Being aware of potential fraud signals can help you avoid [...]

Identity Theft Tops List of Most Popular Tax Scams

By | 2017-05-24T13:42:26+00:00 March 5th, 2014|Fraud Prevention|

The Internal Revenue Service recently issued its annual “Dirty Dozen” list of tax scams, reminding taxpayers to use caution during tax season to protect themselves against a wide range of schemes ranging from identity theft to return preparer fraud. The listing, compiled by the IRS each year, lists a variety of common scams taxpayers can [...]

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