Forensic Strategic Solutions

How do you protect your business from vendor fraud? Building relationships with vendors is essential for smooth operations and growth. But what if trust in external partners is broken? This situation is all too common for many business owners. A recent global survey identified vendor fraud as a significant financial crime, following cybercrime and corruption. To safeguard your business, it's vital to understand the risks from external threats. Visit our blog to learn about five common vendor fraud schemes and proactive steps your business can take: https://hubs.li/Q02W21VJ0 #vendorfraud #financialsecurity #businessowner

Ever feel like something's off in your business, but you can't quite put your finger on it? Trust is key, but it's not always enough. Sometimes, the signs of employee dishonesty are so subtle they slip right under your radar and quietly erode your business. Check out our latest video blog outlining four red flags for employee dishonesty: https://hubs.li/Q02VHWBQ0 #employeefraud #embezzlement #fraudinvestigation

What red flags should you look for when unmasking employee fraud? If you’re running a business, employee fraud can cause severe financial impact, damage reputation, and harm trust in the workplace. Given the potential damage fraud can cause, vigilance is essential. However, during financial fraud investigations, businesses often miss obvious warning signs. Visit our blog for 5 red flags to watch out for: https://hubs.li/Q02TY1yS0 #employeefraud #fraud #financialfraud

Tech innovation creates new business opportunities but also sharpens fraudsters' tools. AI is now a weapon for cyber scams, making it crucial for business owners to educate employees on spotting these sophisticated threats. San Antonio Business Journal highlighted our 4 training strategies to protect against AI-powered fraud in their latest article. Read it here: https://bit.ly/48a6uUC #AIfraud #artificialintelligence #cyberscam

Does your company have an effective whistleblower hotline? An effective whistleblower hotline program could make the difference between catching fraud early and facing a substantial loss. Even with a hotline in place, modifications often need to be made to improve the likelihood that fraud will be detected. Click here to learn more about an effective whistleblower hotline program and how it will aid your business: https://bit.ly/3BGrhDj #whistleblower #fraudhotline #financialsecurity

How does your business protect against AI-powered fraud? As financial fraud investigators are increasingly finding, fraudsters are exploiting the capabilities of machine learning algorithms to impersonate legitimate users, manipulate data, and evade detection. And the threat isn't limited to outside attackers. Unethical employees with access to AI tools see opportunities to exploit weaknesses and steal from their employers. Visit our blog to learn how your business can protect itself from AI-powered fraud: https://bit.ly/3BAG3vm #AI #AIfraud #financialinvestigation

How can you spot risks and shield your business from employee fraud? An employee who embezzles impacts a company’s finances and can damage its culture by breaking trust among employees, managers, and owners. For business leaders, protecting their organization means reacting to fraud and recognizing early signs of trouble before issues escalate. The good news is that owners and managers can often spot potential fraud by staying vigilant and watching for specific financial and behavioral red flags. More importantly, they can implement strategies to prevent fraud from taking hold. Visit our blog to learn more: https://bit.ly/3ZMuD1k #financialfraud #employeefraud #businessowner

Even trustworthy individuals can falter under pressure. The case of Shan Hanes, CEO of Heartland Tri-State Bank in Elkhart, Kans., serves as a prime example of how quickly things can unravel when desperation sets in. Learn more about this case and the importance of robust internal safeguards to prevent such situations in our latest blog: https://hubs.li/Q02R7k5H0 #FinancialFraud #ForensicAccounting #FraudPrevention

A thriving company with 60 employees and a bustling warehouse, full of potential, was brought low by a trusted employee turned fraudster. The business now has just five workers and operates out of a 120-square-foot storage unit. This nightmare is experienced by the owner of Wilserv Corp., an air conditioning company in Louisiana. His former bookkeeper allegedly stole up to $800,000, leaving Wilserv in ruins. Unfortunately, this heartbreaking story is not unique; insider threats are a constant danger. Internal fraud can devastate businesses, especially small and medium-sized enterprises, where owners trust their close-knit teams. Click here to learn how business owners can protect themselves: https://bit.ly/3BlmNBy #forensicaccounting #employeefraud #fraudinvestigation

How can you utilize an employee's vacation time to detect fraud? Time off isn’t only essential for helping employees recover; it’s also an opportunity for organizations to assess efficiency and identify vulnerabilities related to fraud, waste, and abuse. Here are a few ways organizations can use vacation and time-off policies to detect fraudulent activity and initiate financial fraud investigations if needed: https://bit.ly/47xXLeH #frauddetection #financialfraud #fraudinvestigation