Finance News & Insights

The billing scam that cost 2 tech giants $122 million

If Facebook and Google fell for it, what chance do we have? That’s what you might be thinking after hearing a Lithuanian man just pleaded guilty to a slew of charges stemming from a billing scam that flooded these tech giants with fake invoices for a nine-figure loss.
[Read more…]

Print Friendly

In the courts: Could finance staffers be held personally liable for BEC scams?

The severity of email scams is escalating for you and your finance team. [Read more…]

Print Friendly

Yet another BEC scam targets your finance department

Finance and Accounting just can’t catch a break from cyber-thieves! This time the keepers of your company pocketbook – Accounts Payable – are the targets of a new business email compromise (BEC) scam. [Read more…]

Print Friendly

Fending off fraud: The expense scam that’s most likely to hit now

Helping yourself to seconds at Thanksgiving dinner? That’s expected. Helping yourself to seconds on expense reimbursement? That’s fraud. [Read more…]

Print Friendly

The finance scam that’s up 136% – and costing companies billions

In the current corporate climate, any finance pro’s inbox could unintentionally become a gateway to big financial losses. [Read more…]

Print Friendly

The employee most likely to commit expense fraud is …

You’d like to think your employees would never dip into the company cookie jar, pad an expense report or hand in a fake receipt. [Read more…]

Print Friendly

Workplace fraud: How employees’ silence is hurting your bottom-line

Most companies are in dire need of employees who aren’t afraid to speak up when it comes to financial improprieties at work. [Read more…]

Print Friendly

One firm’s accounting software conversion horror story: What went wrong

When Finance rolls out a system conversion, the last thing it expects is a months-long fraud investigation! [Read more…]

Print Friendly

The top fraud-finding tool isn’t enough: Here’s where Finance needs backup

For years finance pros have heard the best way to uncover fraud and other funny business is through a hotline. That’s still true, but here’s the thing: It’s not enough. [Read more…]

Print Friendly

What Finance can learn from Wells Fargo’s $5.4M whistleblowing disaster

When you offer a company “ethics” hotline for reporting suspicious or fraudulent behavior and then fire an employee for using said hotline, you can hardly be shocked when the feds come down hard on you. [Read more…]

Print Friendly