Fraud & Abuse

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AFP Survey Finds Majority Experienced Payment Fraud in 2011 Your organization is at risk for payments fraud. The 2012 survey by the Association for Financial Professionals (AFP), sponsored by

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By all measures, fraud is on the rise. The most recent Quarterly Corporate Fraud Index reveals that more than 6,900 fraud incidents were reported last quarter by 1,400 organizations worldwide--an… Read More

George Thomas of Radix Consulting Corporation reports that banks and companies are currently unprepared to combat a new type of fraud, in which fraudsters can gain access (through the use of malware

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Accounts payable employees who steal can be very creative in the schemes they develop. Yet, in a small company, it may be as simple as writing themselves a check. Security Consultant Frank Abagnale

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Forensic Accountant Michael Kessler warns there is no magic bullet to stop fraud in the accounts payable process. “You can make it so difficult that it’s not worth the trouble,” he says, “but

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The news is full of incidents of AP fraud perpetrated by someone with a gambling problem. At one time, men were more likely to become problem gamblers than women. That is no longer the case. Now,

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While accounts payable strives to keep data and equipment secure, many AP employees fail to take into account one of the most basic security safeguards at their disposal – the passwords to their

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The use of positive pay systems has become the industry standard for preventing check fraud—and with good reason. Positive pay provides your bank with a file listing all the checks printed on a… Read More

All fraud prevention experts, from Frank Abagnale to Professor Clayton Gillette of New York University, agree that electronic payments are the best defense against fraud. It’s much more difficult

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A new study led by two Florida State University marketing professors finds that employees who work repeatedly with clients or vendors may develop "service sweethearting" tendencies. The term service

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