Scam-Fraud

  • Home
  • Posts Tagged "Scam-Fraud"

A Step-By-Step Guide To Terminating Employees For Theft (Part One)

There’s good news for retailers: you are getting better at preventing shrink from employees. In 2005, a University of Florida study found that employee theft accounted for 47 percent of shrink. In a follow-up study in 2016, the university found that the percentage of shrink caused by employee theft was “only” 30 percent. The bad news: ...
Read more

No one likes a copycat: How to avoid and protect yourself from a spoofed travel website

Many people are aware of email phishing schemes fraudsters use to collect personal information from unsuspecting victims. But many haven’t heard of another phishing method used by scammers, often unnoticeable to the naked eye—spoofed websites. This growing problem isn’t reserved for only banking or e-commerce sites. ARC recently reported two business travel agencies have fallen victim to ...
Read more

Credit Card Fraud Liability Shift is Here

Most credit and debit cards in the U.S., and the point of sale terminals and ATMs that read them, still use “magnetic stripe” technology. Magnetic stripes are obsolete and relatively insecure, allowing fraudulent practices such as “skimming” (acquiring cardholder and account data by “reading” the strip, and then making fraudulent transactions or counterfeit cards). Magnetic ...
Read more

Crime Pays – A Conversation of Fraud and Recovery

Occupational fraud and crime is a significant and growing exposure for all industries, including hospitality. In recent years, the challenging economy has helped to drive the incidence of these crimes. A study by the Association of Certified Fraud Examiners (Association of Certified Fraud Examiners: 2012 Report to the Nations) found occupational fraud caused $3.5 trillion ...
Read more