Workplace Fraud, The Enemy Within

Workplace Fraud | The Enemy Within

The high cost of Internet and workplace fraud is increasing at an alarming rate. Most of the frauds are committed by in house experienced employees. The risk of workplace fraud continues to climb as the economy slows and more employees experiencing financial problems.


Reporting Internet Fraud

Every fraud should be considered serious, especially to business and also personal situations. They must be reported so that alll government levels are aware in order to be able to structure training and budget for extra resources. Yes, that’s right. You the taxpayer are paying the bills for this costly crime.


Internet Fraud Statistics

Fraud statistics are getting higher every hour. The fraud investigators will tell you that it has become a very serious problem everywhere. Police departments have had to increase the number of personnel in order to get timely reports submitted.


Fraud cost small businesses $6,200 last year | Preventable

According to Kim Inglis, Business fraud is a major threat to any small business community in Canada, hitting victimized small businesses an average of $6,000. or more in financial costs in the past year.


Fraud attempts | small businesses victimized

One third of small businesses have experienced one or more fraud attempts in the last 12 months, and one in five have fallen victim. Only eight percent of defrauded businesses recovered their full financial costs.


Common Denominators | are you aware

Fortunately, there are a few common denominators that small business owners can watch out for.

  1. Some fraudsters come through your front door and their contact is your employee – who will determine whether you get to keep or lose your money.
  2. Are you certain your staff has sufficient training to recognize common scams like credit card fraud, counterfeit money, or bad cheques or money orders ?
  3. People using fraudulent credit cards have very specific buying patterns ( only expensive items. no concern about price or warranty, et cetera ) that should raise a red flags.
  4. There are simple things your employees can do such as checking signatures or examining credit cards security features. However, if your staff is unaware of the techniques, it’s likely that someone will successfully steal your merchandise.

Fraudsters come prepared | They are determined to win

If fraudsters have determined they’re going to target your business for a bad cheque or money order scam, they arrive well prepared. They will have scouted your business and printed false ID and authentic looking cheques with fake “verification”  numbers. Again, there are specific signs and preventative procedures – but they don’t do any good if your staff doesn’t know about them.


Telephone Fraudsters | Scammers

They don’t come through your front door because their chosen weapon is the telephone, either by talking to one of your employees or through “fax back” scams.

The most common attempted frauds  are email scams and phishing, followed by directory fraud, malicious software and phone scams.


Training Your Staff |  Number one priority

Frauds continue unabated and successful mostly because businesses don’t have proper controls in place and they haven’t trained their staff.

Some prevention can be as simple as hard-and-fast rules about never divulging or clarifying any information about your business, or never agreeing to a telephone business proposal.


Theft And Fraud

Many businesses declaring bankruptcy are blaming it on internal fraud. They say that most frauds are committed by employees with several years experience. Somewhere between 7 to 14 years working for the company. Certainly not a good picture of what our future is facing if this continues at this pace.


Common Types Of Frauds

Include misappropriation of cash and inventory, which are probably the two most common in a great majority of businesses. This affects staff morale and management confidence that really take a big hit. Don’t forget the cost to the business reputation and trust.


Preventing Fraud In The workplace

That is not an easy task to undertake, considering that millions of dollars are lost through these types of frauds. The big questions, is where do business owners start to try and correct this alarming problem. Some early steps that can be taken, include more complete checks of potential employees. Background checks are often not done even though this cost is low compared to the loss of internal theft.


Code Of Conduct employee theft

Many companies and organizations are now insisting that once hired an employee needs to read and understand and sign a code of conduct form. This should be followed up with clear communication about expectations.


Internal controls

Systems and internal controls definitely need to be monitored. Only effective when controlling who has access to data, along with access to phone systems and vaults. Also, it is paramount that a “zero- tolerance policy” be clearly communicated as part of the prevention strategies imposed by the company.


Whistle-Blowing Hotlines

This is another way to effectively let every employee know that there is another pair of eyes and ears to help reduce the risk of fraud in your workplace. This falls into several categories including, embezzlement, corruption and fraudulent documents. These hotlines are becoming more popular in a lot of big businesses. Don’t forget the “National Crimestoppers Associations”.


Crime Stoppers Associations | Canada and USA

http://www.canadiancrimestoppers.org/home

http://www.crimestoppersusa.org/home


Workplace Fraud | The value Of Prevention

Security analyst and certified general accountants associations will tell you that each company, no matter the size, should view prevention, detection and action taken as an investment instead of a cost. Any thing that helps you recover some of the potential loss… is not an expense but rather an investment for your business.


Be Aware | Everyone Is A target.

An ounce of prevention is worth a pound of cure..



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Safety Against Scams, How to Avoid Online Scams


SAFETY AGAINST SCAMS | HOW TO AVOID ONLINE SCAMS

Child Safety Kit Scams | Beware Stay Alert

Every once in a while the Child safety kit scams shows up in different communities. That is usually only for you to meet with them so they can sell you a fraudulent insurance policy. Your local Police department showed be contacted so they are aware this is going on. Also many Police departments put child safety seminars on and sometimes provide identification kits for the parents to keep at home and only use in case a child should go missing. Great help to investigators.

 Stay Alert | The best security you can offer your family.

Most people know to keep their doors secure and locked, even when you are at home. Protecting your money and valuables is always a challenge in this day an age. Fraud Prevention is the goal of every law enforcement agency.

STAY ALERT | How to avoid being a Victim.


SAFETY AGAINST SCAMS

Teach yourself to know what is going on in your local and surrounding areas of where you live and work. National and local news media, including newspapers,  are constantly reporting different types of crimes occurring on a daily basis. Scams are #1 in many areas.


Lucrative Business

The BBB ( Better Business Bureau ) of Canada has all kinds of information available to general public. Check it out in your local or country where your from. These days you are not safe even in your own home. Scammers are able to reach you through social media, phones, computers and mail.


Reporting Statistics

Unfortunately, many victims are scared or to embarrassed to report that they have been a target of a scam, which is a serious crime. Only about 5% of the money lost through scams or frauds is actually reported. This is one place where family members can help. Be aware and keep in contact with friends and family members especially seniors or those who are medically handicapped.


Types Of Scams

The most harmful scams in terms of financial loss involve phony online romances, which costs victims millions of dollars every year. in some cases many victims have had to declare bankruptcy. Remember scams can target people of any age. The most vulnerable are seniors. They usual are at home during the day to answer the phone or the door. In addition to that seniors tend to be more trusting and may not have family nearby to ask for advice.


Identity Theft

This is another way that criminals can get access to your money. The CAFC, Canadian Anti-Fraud Centre, is one place to check for ideas on how to protect yourself and your family. remember that there are a variety of successful frauds going around. High-tech thieves have a number of ways to obtain your personal information. Be Aware and don’t make it easy for you to be their next target.


Knowledge

Pay attention to what is going on in the fraud and scam world. Communicate with your families and  friends. Most of all,  if you become a victim or know someone who is, please make sure to notify your local law enforcement agency. they also need help from citizens to try and solve these serious crimes.  Keep notes of what you know so your prepared to assist during the investigation.


Common Sense

At the beginning I mentioned, How to avoid being a victim. Your knowledge and attitude will play a big part your security. With thought in mind I trust that you will share  your knowledge  any way you know how.


Good Practice

It is a great idea to make photo copies of all your important documents in case you should be the victim of theft or loss of your purse or wallet. That way you would know which bank to contact or which documents you need to replace. That goes for passports as well. keep in safe place.


Peace be With You as you navigate our complex world.


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Your Personal Cyber Safety, How To Improve It

Your Personal Cyber Safety, How To Improve It

It’s quite common today  for people to use the same password. Not a smart move especially dealing with financial information and personal data.

Always use different passwords. in this modern day of cyber criminals, it’s a must do action. Be Aware – look at the big picture when it comes to cyber security.


 

That way, when one site gets hacked, you don’t have to change your other passwords to prevent hackers from compromising your information. … The reason for this security breach is that we take the path of least resistance..



Security By design

On a more serious note. Is cyber security a concern ?  Of course it is. Many governments have made it a national priority in both public and private sectors. It affects us all and we must do what it takes to avoid being victims. Many organizations don’t pay enough attention until they have suffered a loss or serious breach. Remember to always:

Improve Your Personal Cyber Safety


Human Errors

Minimizing human error is probably one of the most important areas that companies need to deal with on a regular basis. Administrator and user errors open the door to serious security breaches. Monitoring of staff training and compliance is a must for safe cyber journeys in these times of ongoing criminal activities.


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Improve Your Personal Security, 24 ways

Improve Your Personal Security | 24 ways | Do it now
  1. Always be aware of your personal security.
  2. Excellent buddy plan should be a priority for your safety
  3. Communicate your travel agenda.
  4. Careful using your social media.
  5. Quality choices you make are an excellent way to make you feel more secure.
  6. Take extra steps to protect personal information.
  7. Magnificent idea to keep your mobile phone fully charged, especially when you leave home.
  8. Be aware of what is occurring crime wise in your area. Use common sense.
  9. Brilliant idea to be extra aware when driving alone at night or in strange areas,
  10. Always know how to contact your law enforcement agencies.
  11. When creating online accounts always use a strong password to help protect your data.
  12. Alone at home or in your vehicle, always keep the doors locked and windows closed.

Guard Your Identity Closely. If thieves or hackers get hold of your Social Security number or other personal information, they can steal lots of money, even taking out a mortgage in your name. Follow these tips to keep your identity safer.

<> Protect your Social Security card. Never carry your Social Security card with you. Memorize the number and keep your card in a safe place at home.

<> Watch your wallet. Carry your wallet in your breast pocket if your wearing a jacket. If you’re not, carry it where it’s the most comfortable, but tie a rubber band around it. If someone tries to pick it out of your pocket, chances are you’ll be able to feel it when it’s being removed.

<>…And your purse. Don’t put your wallet in a purse or backpack that you carry over your shoulder. Instead, wear the purse with the strap crossed over the front of your body. Keep the wallet in a zippered compartment.

<> Be Careful with fanny packs. They are easy prey for quick crooks.. In a crowded place, one zip of a knife can open them up before you’re aware of it.


Identity theft is always a serious issue, especially if it happens to you.

Car key security alarm

COMMON SENSE | Beware Of Scams

        1. Practice using the alarm button on your car keys.
        2. Physically drive to your local police station, service station or store so in an emergency such as being followed you have a secure place to seek help.
        3. Never leave your GPS unit visible in your car. A thief could steal it and find out where you live.
        4. The home info on your GPS should be directed to a police station, grocery store etc.
        5. When your planning on being away from your home for an extended period of time, have someone physically check your home so it looks lived in. Flyers or mail left accumulating are indication to thieves that no one is around.
        6. Cell phone security best if a password is required to gain access to your data.
        7. Always park your vehicle under a street light whenever possible.
        8. Be alert and ready to use your vehicle keys as a weapon if necessary.
        9. Never leave your garage opener in plain site to anyone checking out your vehicle.
        10. Avoid walking by yourself especially in parks and walking trails at night.
        11.  Keep your passport in a safe place such as in a bank safety deposit box.
        12. Always remember to keep your gas tank full especially when leaving for a trip.

Improve Your Personal security | A must for everyone

Security | What Does That Mean To You

Family Security for many people has a different meaning. By that I mean that a lot of people never worry about personal or family safety. Some are naïve and others don’t care. It is what it is “for them”.

Security |  For those of you who genuinely believe in the personal security of your family and yourself, there are things you can  do to be a part of your safe community.


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