Occupational Fraud should never be taken lightly, especially among small business owners. Luckily, there are various cost-effective controls available if you know where to look. Because they have limited resources, small businesses are particularly vulnerable to fraud. Don’t Be Another Unsuspecting Victim My business manages a lot of accounts. What else can I do to … Continued

The Association of Certified Fraud Examiners analyzed 1,483 cases of fraud for its 2014 Global Fraud Study, Report to the Nations on Occupational Fraud and Abuse. The losses from these cases totaled $3 billion. In 92 percent of cases, at least one behavioral red flag was identified. In 64 percent of fraud cases, the perpetrator … Continued

The losses from these cases totaled $3 billion. Businesses with 100 employees or less endure greater financial loss (28 percent higher) than businesses with more than 100 employees. More than 40 percent of fraud cases were detected by tips that were reported on fraud hotlines.  “It’s so often I hear, ‘I trusted that person, I’ve … Continued