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 […]
No matter what’s going on in the world – even a global crisis – criminals won’t stop trying to infiltrate Finance and commit payment fraud.
A recent scam proves why it’s critical for your company to track products and purchases – especially essential ones – during these hectic times.
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 […]