November 2020

Monthly Archives

  • International Fraud Awareness Week

    November 15-21 marks International Fraud Awareness Week 2020. International Fraud Awareness Week has been an annual campaign led by the Association of Certified Fraud Examiners (ACFE) since the first Fraud Week in 2000. While International Fraud Awareness Week is entirely digital this year, the ACFE still provides valuable resources for businesses to identify and prevent […]

  • The Sophisticated Scams of Social Engineering

    Social engineering is a form of fraud that relies on exploiting vulnerabilities in human decision-making. Rather than hacking or otherwise directly stealing, scammers who use social engineering manipulate individuals into transferring money or divulging company secrets. Between October 2013 and May 2018, these scams led to a reported 40,000 domestic U.S. victims and a $2.9 billion […]

  • Forensic Accountants: Investigators and Experts

    By its basic definition, forensic accounting provides expert financial investigation and perspective. As a discipline, forensic accounting is dedicated to collecting and analyzing financial evidence. Forensic accounting services provide a basis for investigations into insurance claims for employee theft and dishonesty, cyber claims, and business income loss claims. Whether it takes the form of undertaking […]

  • How AI can Crack Down on Employee Theft

    Artificial Intelligence (AI), also known as machine learning, is no longer a far-flung fixture of science fiction. While media often presents AI as an imminent threat poised to take over the world, the reality is that AI has already taken over the business landscape. In fact, AI is now commonplace in tracking credit scores, detecting […]

  • ‘Tis the Season for Employee Theft

    In the last two months of the year, sales boom and shoppers flood retail spaces. The holiday shopping season is critical for many businesses. With 20% of annual retail sales occurring during the holidays, a number of factors lead to a disproportionate 25-30% of annual loss occurring during the holidays. Abundant Opportunity The increased store […]