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Fraud Protection

 

A ransomware cyberattack can seriously hurt your bottom line, but not just because you have to pay a ransom. When a network is infected with ransomware, this can freeze all business activity – and revenue – until the ransom is paid. Worst of all, in many cases, the files remain permanently encrypted – and effectively […]

Ransomware has become one of the biggest cybersecurity threats small-business owners face today. Criminals use this malicious software to hold business computers hostage, preventing a user from accessing any files. When a business has been infected with ransomware, employees see a message that says their files have been encrypted and cannot be accessed unless they […]

Employee fraud causes billions of dollars in business losses each year. According to the Association of Certified Fraud Examiners (ACFE) 2016 Global Fraud Study, the median loss for U.S. businesses affected by internal fraud was $120,000. Unfortunately, the risk of employee fraud is especially high for smaller businesses, the ACFE found. This is because small businesses […]

Imagine discovering you and your business are under investigation for money laundering or tax evasion – all because you made frequent cash deposits to your bank account. Small businesses, such as retailers, restaurants, and beauty salons, often receive much of their income in cash, requiring their owners to make frequent bank deposits.   While receiving […]

During tax season, electronically preparing and filing tax returns may make businesses more vulnerable to cybercrime. Tax-related scams are one of the most common types of fraud committed against businesses and individuals. Cybercriminals are constantly devising new ways to steal sensitive financial information in order to commit tax identity theft and other crimes.   Fortunately, […]

Tax identity theft is a growing risk for American businesses. This form of identity theft happens when thieves steal a business’ Employer Identification Number (EIN) and other tax information so they can submit a fraudulent tax return and claim tax benefits on behalf of their victim. Thieves may also use a business’ EIN to file […]

Internet fraud has become an inescapable feature of the business landscape. An email scam known as “phishing” is one of the most dangerous forms of fraud and can be a big threat to your business. When scammers portray themselves as legitimate companies to get you to reveal personal or secure business information, they are “phishing.” […]

You’ve likely heard about many of the internet scams affecting businesses throughout the world. This article will shine a light on one all-too-prevalent type of business email compromise, a scam known as phishing.   What Is Phishing? “Phishing” refers to a scam in which a fraudster (the “phisher”) sends email messages that appear to be […]

Occupational fraud, also known as employee theft, is when an employee misuses or misapplies the resources or assets of a business for their own personal gain. Many fraud cases go undetected, while others are discovered accidentally or reported by a whistleblower. Here are the facts you should know about occupational fraud.   Know the Financial […]

Employee fraud – especially when it goes undetected – can be extremely detrimental to your small business. Companies with fewer than 100 employees can experience the same median loss as a company with more than 10,000 employees. It’s important to be aware of employee behaviors that could compromise your business and to implement effective fraud […]