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Frauds targeting businesses and organizations are rampant. The reliance on electronic transactions, e-transfers, electronic communications and other modern day business systems eases the processing of corporate transactions, however, these same systems can be quite vulnerable to manipulation by professional fraudsters. Your organization has to take steps to thwart these online criminals. Just as having a fire alarm or burglar alarm, organizations must evaluate their fraud risks and take steps to mitigate these risks.

Fraudsters and scammers do not rest during the holidays and so officials of the Canadian Anti-Fraud Centre are working with the police overtime to warn Canadians about the 12 common types of holiday fraud in Canada.

Fraud has become increasingly difficult to avoid these days. According to the 2020 Fraud Survey by CPA Canada, with better access to technology, it seems that we are falling victim to fraud due to unsafe and outdated techniques that are used to protect personal information and other sensitive data.