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  • 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 […]

  • Deals and Deception on Cyber Monday

      Black Friday and Cyber Monday sales have been increasing every year—to the point that these deals run for almost a full week online. In 2019, during the holiday shopping frenzy, online shoppers spent more than $16 billion. The consistent growth of these sales, coupled with the increase in online shopping due to quarantine, points […]

  • Top Five New Viruses (Computer)

    Businesses, governments, and individuals are forever attempting to stay one step ahead of web savvy hackers. Being aware of the most harmful computer viruses can help business owners and home users to potentially minimize risk and shore up their internet defenses. These new viruses represent some of the latest threats in the cyber world. The […]

  • Covid-19 is the Perfect Storm for Employee Theft

      By Ben Sapet Risk management operates on the principle that 10% of employees will always steal, another 10% will never steal, and the rest will steal under the right circumstances. Unfortunately for many companies, the Covid-19 pandemic has created the circumstances to push that hesitant 80% of employees to commit employee theft. Putting on […]

  • The Unexpected Losses & Costs of Equipping Remote Workers

      By Ben Sapet In the early months of the Covid-19 pandemic, an estimated 62% of workers in the U.S. worked remotely as employers tried to reduce the spread of the virus. In what has been called “the world’s largest work-from-home experiment,” employers must make difficult decisions about providing office equipment to their remote workers. […]

  • The Cold Case of the Baskin Robbers

    By Staff writer In the summertime, ice cream sales heat up. July is National Ice Cream Month after all (thanks to a Presidential Proclamation by President Ronald Reagan in 1984). August has plenty of ice cream themed days to celebrate also, including Ice Cream Sandwich Day, Frozen Custard Day, Ice Cream Pie Day, and Banana […]

  • Business Interrupted

    By now the COVID-19 pandemic has impacted most people’s lives significantly. And it’s bringing about more changes than just kids staying home from school and people working remotely. As the coronavirus spreads, so do the concerns of individuals and business owners. Companies are seeing business slowdowns, incurring revenue losses, experiencing disruptions in the supply chain, […]