Tag Archives: fraud

  • SDC CPA Article

    The Computer Fraud and Abuse Act

    In 1986, U.S. Congress enacted the Computer Fraud and Abuse Act (CFAA), The CFAA was enacted to combat various types of “computer crime.” The Act criminalized, among other things, the act of intentionally accessing a computer without authorization.  In 1986, this meant “hacking or trespassing into computer systems or data.” The CFAA has been expanded […]

  • Recent Ruling Article by SDCCPA

    Recent Ruling: Medidata Solutions, Inc. v. Federal Ins. Co.

    The case Medidata Solutions, Inc. v. Federal Ins. Co. involved a fraudulent impersonation scheme and an alleged entry into the insured’s computer system. The case involved a series of events seen all too often. The court’s ruling presents a peek into the intricacies of analyzing coverage in traditional computer fraud claims. It is important to […]

  • Computer Fraud Trends Article by SDCCPA

    Computer Fraud Trends

    Since May 2000, the FBI’s Internet Crime Complaint Center (IC3) has received more than 4 million complaints. Incidences of internet crime are steadily increasing. In 2013, IC3 received 262,813 complaints, with a reported loss amount of $781.8 million. In 2017, IC3 received 301,580 complaints, with a reported losses of $1.4 billion. Tracking the Trends IC3 […]

  • Would your employees past this test Article by SDCCPA

    Would Your Employees Pass This Test?

    No company wants to become the next Sony or Target. Hacks affecting high-profile companies have caused major headlines and businesses have become increasingly wary. Data shows phishing emails are often the entry points for hackers. Employees who click on links in scam emails could potentially unleash malware or provide access to fraudsters. Canada ranks second […]

  • Scratch & Scam: Lottery Losses Article by SDCCPA

    Scratch & Scam: Lottery Losses

    At today’s convenience stores and gas stops, customers can fuel their cars, pick up a quick snack or cup of coffee, and take a chance at winning millions. Convenience stores and gas stops make a steady income from the sale of lottery tickets and online lottery sales. The lottery sales are also a draw to […]

  • Scientia Potentia Est Article by SDCCPA

    Scientia Potentia Est (Knowledge is Power)

    The 2018 Global Study on Occupational Fraud and Abuse is hot off the press – and it’s an important resource for anyone interested in occupational fraud. The report includes valuable information on how fraud is committed, how it’s detected, who commits it, and how organizations can protect themselves. Compiled by the Association of Certified Fraud […]

  • Non-Profits Easy Targets for Fraudsters Article by SDCCPA

    Non-Profits – Easy Targets for Fraudsters

    Caring Hands was a non-profit organization providing mental health care and substance abuse rehabilitation services in Pennsylvania. Ms. Graham, one of Caring Hands’ social workers, visited clients’ homes to provide social services for families and children. Ms. Graham would compile case notes and information for families and children and submit timesheets to Caring Hands; Caring […]

  • Inventory 101 Article by SDCCPA

    Inventory 101

    When a company’s inventory count comes up short, the hunt for the missing inventory begins. Are employees are stealing from the warehouse in the middle of the night? Is a dishonest bookkeeper recording fictitious purchases and pocketing the difference? Possibly. But while employee theft may be the reason, less nefarious causes might be to blame. […]

  • Opportunity Not Gender Matters Article by SDCCPA

    Opportunity, Not Gender, Matters

    Mary, Dr. Martin’s “second wife”, worked as the doctor’s office manager for thirty years. Mary knew Dr. Martin’s habits. She managed the practice, had access to company and personal credit cards, performed banking and even picked up Dr. Martin’s dry cleaning. A trusted employee, Mary was efficient. Mary was nice. But Mary was a thief – […]

  • Who's on Your Payroll Article by SDCCPA

    Who’s on Your Payroll?

    Make no mistake. Payroll fraud is real. Recently, the Association of Certified Fraud Examiners (ACFE) found payroll fraud occurred in 27% of all businesses, nearly twice as often in small businesses. Worsening the outlook, payroll fraud lasts for an average of three years, with businesses taking a median hit of $145,000.00. That’s three years of […]