Your risk of falling victim to business email compromise is greater than ever. And it’s thanks to — you guessed it — the coronavirus. Business email compromise (BEC) has been one of the most formidable foes your finance department has faced in recent years. And scammers are jumping on the current crisis to worm their […]
To deter financial loss, CFOs have to keep a pulse on expense fraud. And one great way to do that is to hear right from the employees committing the crimes.
Be sure that your finance staffers are on guard, no matter where they’re currently working, because new scams are spreading during COVID-19.
Talk about creative accounting! Three in 10 employees admit to fudging their expense reports. That’s from a recent survey from Procurify. While expense report fraud certainly isn’t anything new, the current circumstances in the U.S. and the world as a whole may be opening the door to increased temptation and even bigger financial losses. Here’s […]
In today’s corporate climate, strict vigilance for expense report fraud is becoming even more important for your finance department.
You know how it works: One of your finance staffers receives an email from your CEO urging him to make an immediate wire transfer. He complies … and your company just fell victim to the classic business email compromise (BEC) scam. Well … Turns out this fraud is evolving as fast as employers can keep […]
On most days, your finance staffers fly through invoices quickly and methodically. But once in a while, they may come across an invoice that causes them to take pause. With payment fraud at a record high now, spurring major financial loss for companies all over the world, you know you can’t be too careful. On […]
Today, your finance team must do more than ever before to ensure that company money stays where it belongs. Payment fraud just spiked to a new high. A staggering 82% of companies said they were hit last year, according to the new 2019 AFP Payments Fraud and Control Survey. Of course, you encourage your team […]
CEOs are looking into the financial crystal ball … and to them, the near future looks a little bleak.