Focus on Fraud: 2015

There is a big change related to credit card fraud liability that went into effect on October 1, 2015, but it is still unclear to many how the risk of loss is shifting and what the impact will be to their businesses. Before you spend money and time adding the capabilities to accept the credit card […]

Nearly a decade ago, Microsoft introduced a vendor compliance program – the Supplier Security and Privacy Assurance Program (SSPA) – to keep tabs on vendors that handle “personally identifiable information” of their employees or customers. PII, as it is known, would represent credit card numbers, social security numbers, and the like. In the age of […]

Forensic Super-Geek Powers – ACTIVATE!

Benford’s Law and Forensic Data Analysis This is somewhat of an indulgent post, but I have always been fascinated about the consistency of a forensic accounting investigative concept known as Benford’s Law. Named after Frank Benford, an American electrical engineer and physicist, it is a phenomenological law about the frequency distribution of leading digits in […]

As I have chronicled many times, fraud is a dynamic and evolving issue for every business and industry. This Treasury & Risk.com article on mitigating risk from wire fraud serves as a nice vocabulary lesson on some of the innovative methods fraudsters are using to gain access to your system from the outside. Occupational (internal) […]

Is Your Debit/Credit Card Safe?

This week’s blog post is courtesy of CN alum John Steinhoff, who now serves as vice president of consulting at Ascendent Advisory Group. One recent weekend, I was relaxing with my morning coffee, reading the newspaper when the phone rang. My credit card company called and asked about some recent “suspicious” activity on my credit […]

Tone at the Top Drives Fraud Prevention

This is a great article from Entrepreneur.com that, in a roundabout way, focuses on tone at the top as a fraud prevention technique. I am a big believer that a strong and positive tone at the top can be a business’s most effective fraud prevention tool. Strong leaders who not only have but also profess […]

I’ve never been accused of being a fashion expert, but I have always found it interesting that certain fashion fads are huge for a while, eventually fall out of favor to the point of being mocked, and then spin back into popularity as time passes. Just like the fashion industry goes through cycles, it is […]

I recently read an article about a utilities provider in Bristol, Virginia, that is picking up the pieces and investigating the depth of an alleged fraud that officials believe spanned 8 years. This story is a great example of the power of hotlines, but not necessarily from the point of view you might expect (or […]

This fraud story is simple, but it’s an example of a good point that is often overlooked. For background, in this case someone wrote checks to themselves and recorded them in the accounting ledgers as being paid to other, legitimate vendors or recipients. When it comes to controls over checks, a good control system will […]

Tips are by far the most common way that fraud is discovered—more than twice as often as any other method. On average, companies that have a fraud reporting hotline cut the cost of fraud by 41% and the time to detection by 50%. But setting up or subscribing to a fraud hotline can be prohibitively […]

Media Contact

Melissa Takade
Director of Marketing
Clark Nuber
Phone: 425-454-4919
Contact Melissa

Blog Archives

  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013