Private Investigation Blog
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In our continuing series examining frauds that target corporation, we will examine a scam known as duplicate payment fraud. Duplicate payments may not always be attributed to fraud. In many cases, the duplicate payment may be caused by poor administration of a company’s master vendor file. Or a duplicate payment could be initiated through a billing error by the company who is owed the money. These errors are often detected and usually reconciled through communication between the vendor and the customer.
Online romance scams have been prevalent since the dawn of the internet age. Each year, hundreds of thousands of individuals from all walks of life fall victim to online dating scams. In fact, the U.S. alone recently reported that their annual tally on online romance scams reached $230 million.
One of the most important tools for private investigators in the digital age is the presence of easily accessible public records. Although not much has changed regarding what information is available publicly, what has changed is that what used to require countless hours of sifting through paper a few decades ago can now be accessed with just a few clicks, as almost everything is available digitally.
You’ve met that perfect person online ? they make you laugh, they’re charming and you feel really connected to them. The problem is, they say they live in another country. Not only that, but they have also been asking you for small amounts of money, or gifts, over the time you have known them. You send the money and gifts because they are… perfect. What you don’t know is that this person may not be the dream come true you think they are.
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.
Not all private investigation agencies in Toronto and the GTA are reputable and choosing the right private investigator can have a huge impact on your case and overall reputation. Selecting a competent, knowledgeable and most importantly experienced private investigation agency is crucial. If you were to proceed with a shady agency the damage and liability this can cause you can come at a very high price. Below are the considerations that you must take into account.
Hiring a private investigator in Toronto can be overwhelming or intimidating for a lot of people. The wrong choice can mean an expensive mistake or consequences that cannot be reverted. How do you go about hiring a private investigator while avoiding mistakes?
I have presented to many business people and organizations and the most common question I receive is, “Why would we be a target of online attacks”? There are many reasons; corporate espionage, your competitors, fraud, theft of customer and vendor information and the most common reason – ransomeware (the theft of your data for monetary gain).
Haywood Hunt and Associates Inc. is pleased to announce the addition of Mark Fenton to lead the OSINT | Intelligence Division of their Corporate Investigations Team.
As a 28 year veteran of the Vancouver Police Department, and 12 years spent in the Technological Crimes Unit, Mark recovered approximately $600 million in compromised financial data. He has provided crucial intelligence in relation to a number of high profile data breaches across North America, which resulted in the successful arrests of a number of global suspects.