Employees’ phishing knowledge is subpar, research finds
Are you fully confident all the people at your company know exactly what phishing is? Is it possible some don’t even know the basic definition?
Fraud
Fraud and COVID: New exposures, more roadblocks
Looks like fraud and COVID go hand in hand! The still-raging coronavirus pandemic is inflicting a spike in financial scams on businesses everywhere. A staggering nine in 10 of your peers have witnessed an overall increase in fraud at the end of last year. And 44% add it’s a “significant” increase. So finds the Association […]
Phishing scams in Finance: What emotions do criminals exploit?
Along with using advanced tech skills to infiltrate your company, many criminals also use basic psychology and familiarity with emotions in their phishing scams.
Occupational fraud in 2020: What finance pros must know
With occupational fraud running rampant in the business world, CFOs and their finance departments must be on guard at all times.
Vendor email compromise scams on the rise
Finance is likely all too familiar with business email compromise. But now, a variation of those scams – referred to as vendor email compromise (VEC) – is growing and putting your company money at risk.
Beware: Spend violations up 206% in this area
Many employees are playing loose and fast with company spending rules during the coronavirus pandemic. In fact, your peers are seeing a staggering 206% increase in the T&E spend violations rate. That’s despite a 63.5% drop in T&E spending. So finds Oversight’s latest “Spend Insights” report. Yes, some of those spending violations can be chalked […]
IRS reveals the ‘Dirty Dozen’ tax scams circulating in 2020
Your finance team always has to keep an eye out for fraud and tax scams – especially those impersonating IRS and other trusted authorities.
Deceitful email hooks Finance should watch for in 2020
Despite all the warnings your finance staff hears about email scams, it’s all too easy for them to forget those warnings during a busy workday.
Employee fakes coronavirus, costs company $175,000
Beware: Some less-than-honest folks have started faking a COVID-19 diagnosis … with costly consequences for their employers. For example, a manufacturing facility recently lost $175,000 in productivity after shutting down when an employee lied about testing positive for the coronavirus. This certainly isn’t the first type of scam to exploit the current pandemic. And it […]
