Imagine you get an enticing text message claiming that you’ve won a free vacation to the destination of your choice — all you have to do is click on the link you were sent. Clicking on the link causes you to play right into the hands of a cybercriminal seeking your sensitive information.
While many of today’s employees are emboldened to at minimum “test” stealing from your business, businesses and organizations must be more proactive than ever to protect their cash and other assets.The best way to prevent fraud is to stop the problem before it starts.
Looking to prevent fraud in your organization? Here are some of the most commonly asked questions when it comes to protecting your company’s money.
At times, even good employees may have a tendency to steal. But what can possibly motivate an honest person to make a bad decision?
Electronic Fund Transfer (EFT) fraud is not new – nor with the increasing reliance on paperless financial activity, is it going away any time soon. Here are a few simple points to keep in mind.
In some ways, embezzlement can be perceived as similar to any addiction. Once a fraudster starts, they have a hard time stopping. Worse, with each repeated theft, the “good employee gone bad” gains confidence that they will never get caught. They think that they cannot be caught, or at minimum that they are “smarter than everyone else” – that is, until the experienced forensic CPA or Certified Fraud Examiner arrives!
Recently, the State of Ohio Department of Taxation announced that it is bringing back the ID Confirmation Quiz for the upcoming 2015 income tax filing season for individual taxpayers who receive income tax refunds. Identity theft continues to plague income tax agencies at the federal and state levels.
Aside from disclosing sensitive personal information that allows the recipient to steal your identity, there’s a good chance that hitting the submit button on this fraudulent email would also infect your computer with a virus, or enable some other stealth software to latch onto your operating system. Don’t be fooled!
National statistics and our own first-hand experience indicate that internal fraud and employee embezzlement is not going away anytime soon. So what’s the easiest and least costly step that a company or organization can implement to combat the hidden threat of employee misappropriation, theft and fraud?
There has never been a more crucial time to be cautious while on the Internet. Reports come in every day about the latest victims of phishing emails. It is of upmost importance that you and your business are aware of these scams, as they could end up stealing fortunes from your pockets or sometimes even worse – proprietary, confidential data.