There is no such thing as being immune to fraud, more so for fraud that occurs within your organization. In fact, the standing number for lost revenue to occupational fraud is at around 5%.
Did you know that 47% of Canadian organizations experienced fraud in the last two years as of the 2020 PwC Canada’s Global Economic Crime and Fraud survey? In this article, we are sharing with you some common business fraud myths to help you protect your business and not become the next victim.
The fraud triangle explains that for fraudulent occurrences to happen, three components should be present; namely: opportunity, pressure, and reason. When all of these are present, there is a high chance that fraud will be committed by someone. Keep on reading below to find out more about the different sides of the fraud triangle.
The Canadian Anti-Fraud Centre has issued a bulletin related to the rise in crypto investment scams within Canada. Fraudsters are claiming to be law enforcement officials, government officials, as well as critical infrastructure companies. Below are some of the most important details that were discussed with a special focus on crypto investment scams.
The Canadian Anti-Fraud Centre has issued a warning to all Canadians about the upsurge of some scams involving crypto, timeshares, and more. If you want to know what scams to watch out for in 2022, keep on reading.
Online dating has been one of the most popular ways to find lasting love or a romantic interest in the past several years. And like any good thing that has become popular, it has created opportunities for scammers. In fact, people have reported losing around $1.3 billion to romance scams in the past five years and it reached an astounding record of $547 million in 2021.
Disability benefits fraud has been one of the fastest rising types of fraud in recent times, more so with the ongoing pandemic making it harder for insurance companies to verify claims. Read on below to find out more about how surveillance by private investigators can expose disability benefits fraud.
A new year is a time for new beginnings, but unfortunately, it is also a new year for fraudsters to ramp up their cybercrime acts and commit online scams. Senior officials from top scam detection and cybersecurity agencies in Canada have banded together to warn Canadians about an impending rise in online scams especially for the first part of 2022.
Now that Christmas is only a month away you can expect to see the Christmas ads start to ramp up. As well as the tv ads, your Inbox should also be starting to fill up with “Don’t miss out!” or “Unbelievable deals!” Well, there is a reason why they are unbelievable.
An online investment scam hacked a Mississauga woman’s Instagram account and used her followers in a twisted scheme that cost them thousands of dollars.
