Company Hotlines – More Than Just a Reporting System

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Oftentimes, organizations put up a company hotline just to have a means for employees to raise concerns, but a well thought out and promoted company hotline can function beyond that.

Benefits of a Responsive Company Hotline

Company hotlines, whether in the form of a website or a telephone number only works if employees trust that their reported concerns will be attended to, or at least, listened to.

Compliance professionals and those with similar tasks of determining whether a reporting system is working, share that the huge majority (about 80%) of all concerns reported by employees are simply trivial matters. 8 of 10 times the report will just be about office politics, who was mean to whom, who’s taking all the sugar packets at the office pantry, who yelled insults at someone and so on. This is why it is too easy to take a dismissive attitude towards the concerns being raised. This is not what you want to reflect.

Though it is tempting to simply ignore the need for a company hotline due to the fact that the majority of complaints and concerns are petty or even personal issues, you cannot discount the other 20% that could mean a big deal in your organization. More so, dismissing a company hotline as something your organization does not need reflects a dismissive culture – something that can cause an increase of employee fraud in your business.

Your company hotline’s value should not be gauged by the types of reports nor the number of reports that is fed to it. Its value is actually about promoting positive morale and show employees that the company’s management is interested and is willing to listen to their concerns.

When a CEO or someone from upper management urges employees to report concerns, employees feel more confident to talk about the things that are happening in your organization that you may not be noticing. Though some employees will still often share their concerns with their supervisors, a company hotline increases the likelihood that the concerns will actually reach the ears of the decision makers and will not be lost to company politics.

An Invaluable Resource

A well-implemented reporting system that is highlighted and promoted by the company’s upper management can easily become the company’s most invaluable resource for both the compliance function people and senior management. How so? This type of reporting system can uncover major issues. For instance, some companies report that they were able to sort out a major problem in their product (that could have gone out to their customers and cause damage) because one or two employees shared a concern via their hotline. These are the kind of calls that is all too uncommon but can have a major impact on your business if left unreported.

A Culture of Compliance

Company hotlines give way to opportunities that promote a culture of compliance. Companies that make a point of regularly monitoring the nature of calls and analyzes the data from that can garner real deep insights and see patterns within the practices in the company.

Take for instance a case of a seemingly perfect department, with a supervisor leading that department and everything running smoothly. No one would have thought there is something wrong going on in there if not for a few separate reports by employees which prompted the management to investigate and find out that there are a ton of issues. It turned out that the supervisor was covering for the issues because getting the issues addressed means exposing some unsavoury things he is doing.

Company hotlines gives you a means to really find out things that should be addressed. It gives you some insights on what should be investigated and alerts you to possible fraud.

Best Practices for Company Hotlines

A call in number is the most common type of company hotline but using other means such as a feedback link or email can give you more means to extract real concerns. This is why having a few avenues for your reporting system is crucial for it to be truly effective.

Company hotlines that allow employees to leave anonymous reports can help protect your whistleblowers. It might be cumbersome because follow ups are nearly impossible but this will help those who are just too afraid to speak up because they know that their anonymity will be protected.

Responding to reported concerns demonstrates that your business is committed to both your company’s and employees’ welfare. This increase in trust factor that’s brought in by the company’s responsiveness and reliability gives employees more reason to report a concern. More reports with real value can mean a better organization and profits for you!

Need help setting up a proper company hotline? Then contact Toronto’s leading team of private investigators for a consultation! We specialize in various ways of protecting your business from fraud. Let’s talk about how you can make having a company hotline work for you today!

 

Cyber Attack Still the Top Business Threat

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The previous year marked a lot of changes in the world of business security, but one disturbing fact is that cyber attacks and breach of data are still the top business continuity threats for the second year and possibly for 2016 as well.

10 Top Business Continuity Threats for 2015

A new online global survey, the 5th annual BCI Horizon Scan report published by the BSI (British Standards Institution) and BCI (Business Continuity Institute) places data breach and cyber attack as numbers 2 and 1 in the list of top perceived business continuity threats as identified by business continuity managers from 74 countries and 568 different organizations.

85% of the respondents cited the possibility of a cyber attack as a business threat, making it the top threat for the 2nd year. The research data also shows that cyber attack is the top concern for 6 of the 8 surveyed regions. As for data breach being a threat, it was cited by 80% of the respondents; placing it a place above its previous spot in the survey.

Below are the rest of the Top Business Continuity Threats for 2015:

  • Unplanned IT and telecom outages (moved down a spot)
  • Act of terrorism (moved up 5 spots)
  • Security incident (went up 1 place)
  • Interruption to utility supply (down 2 notches)
  • Supply chain disruption (moved down 2 spots)
  • Adverse weather (went down a notch)
  • Availability of key skills (new threat for 2015)
  • Healthy and safety incident (new entry for 2015)

BCI Horizon Scan 2016

BCI and BSI reports that 47% of survey participants identified the increasing complexity of supply chain as a trend, a possible factor for disrupting business operations in event of a natural disaster or a man-made conflict. Survey respondents also brought up the availability of key skills and talent as a threat, with 34% reporting that they are ‘concerned’ about it and 13% saying that they are ‘extremely concerned’ about the threat.

Other notable data are:

  • 83% of respondents says that the use of the Internet for malicious attacks is a concern.
  • 70% use long term trend analysis to understand and assess threats, down from the previous year’s 73%
  • 33% of those using trend analysis state that they do not use data to inform their management programs for business continuity.
  • 94% of Canadian organizations use trend analysis and only 29% of organizations in Latin America and the Caribbean does the same.

BCI chairman David James-Brown suggests that there is a need to identify and build resilience against the range of threats in the report. He further states that advising organizations on what to prepare for so that they can adjust their business recovery plans is crucial, especially that modern and traditional challenges are always changing. He further states that at this time, horizon scanning techniques are more valuable to assist organizations to be as prepared as they can be in the face of new threats and rising old ones.

BSI chief executive Howard Kerr says that the fact that businesses are still not using the available information to them for identifying and addressing their organization’s weaknesses is concerning. He adds that businesses should see to it that their businesses are thriving and not merely surviving in the face of the current business continuity threats and that there is opportunity to be had amongst all the risk.

Need assistance in identifying and managing your business continuity threats? Contact the best private investigators in Toronto for an obligation-free initial consultation today!

Best 6 Strategies for Business Fraud Prevention

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Fraud happens in all types of business settings worldwide. 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%. All you can do to address that is to try to minimize the occurrence of fraud to mitigate your losses. To help you with that, here are 6 of the best fraud prevention strategies for your business:

Get to Know Your Employees

Background checks aside, there are certainly ways to screen potential fraudsters and prevent them from being hired but the truth is, every employee carries a risk for committing fraud if one is cornered into doing it. People make purchases they can’t afford, or sometimes get into very destructive hobbies such as gambling and/or drugs. This means that even the most loyal and honest person may be tempted to do something he or she won’t normally do.

Knowing your employees pays off big-time for determining fraud risk. Often, a sudden change in attitude can clue you in to this. Is the employee normally very efficient at work but is now coming in tardy on most days? Are there internal issues such as someone being jealous because of a promotion or a raise? Revenge is a common fraud motivator. Listening to your employees and understanding their needs will not only help you determine who’s at most risk to commit fraud but also allows you to take action to prevent fraud from happening. By knowing your employees, you can turn a fraud risk around to be beneficial to you and your business.

Track Vacation Balances

One of the tell-tale signs of someone trying to cover up fraud is that individual making sure that no one else gets to take a glimpse at what they are doing. Employees who have not taken a leave in years could be a sign that they are hiding something (as much as we’d like to think that they are simply very loyal and dedicated to their work). One way to address this is to rotate responsibilities within your organization. This way, no one has complete monopoly of a process or activity, more so for tasks that involves finances.

Implement a Fraud Awareness Program and Reporting System

Making sure that your employees knows the tell-tale signs of fraud and the consequences of being caught (plus the consequences of loss for the company) will help deter them committing it. Understand that as much as your employees are a liability for fraud, they are also your biggest asset against it. Work with your employees to combat fraud by introducing an anonymous reporting system. This type of whistleblower program allows for an earlier fraud detection and thereby preventing more loss for you.

Have Internal Controls

There are so many ways that you can implement internal controls to ensure that your records are kept clean, safeguard your organization’s assets, and to prevent theft and fraud. Segregating duties and proper documentation are just two examples. Keep in mind that internal audit processes should be monitored and consistently revised to ensure that it remains current and effective. Oftentimes, hiring professionals that are experienced in this area is the best way to go.

Create a Positive Corporate Culture

Employees who love what they do and enjoy their time in your organization are less likely to try to commit fraud. Aside from listening to them, another way of making them happy is to be fair and clear as an employer. Start with a clean organizational structure that gives employees a clear message of who is in-charge of what. This allows for more open and efficient communication within the company. As part of the management, it is also your duty to lead by example and to make sure that everyone, regardless of position will be held liable for their actions.

Get Expert Help

Establishing your organization’s anti-fraud procedures and policies will need the help of experts. Hiring professionals for anti-fraud services such as fraud risk consultation, private investigation and background checks, and helping you complete your internal control audits will save you a lot of time and money in the long run.

Interested in implementing some or all of these fraud prevention strategies? Then consult with the best private investigators in Ontario! Contact us for an obligation-free initial consultation today.

 

Worst Passwords List for 2015

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Another year has passed and a lot of you may be into the annual password-changing trend – that’s when people change their passwords yearly to make it ‘more secure’; but does that really work? Not if you’re using the worst passwords there is!

In an annual study by SplashData, it shows that people are still committing the same password mistakes that they’ve been making for years. Call it the dilemma of the lazy (we are all certainly guilty of that at one point!), but the most used and unsecure passwords in the world are often the least imaginative. If you’re still using “PASSWORD” as your password, or the ever so popular “123456789”, then you are a part of the problem – a problem that’s been making the internet security world a lot easier to navigate for hackers.

Consistently Risky

“Password” and “123456” still remains as the most commonly used passphrases by people according to the information collected by SplashData since 2011. It seems that people are still not learning their lessons or are still living on the edge of hackers-ville.

The report for 2015 is the fifth annual compilation and contains more than 2,000,000 leaked passwords for the entire year. If any, there seems to be a trend that longer passwords are now part of the mix; perhaps as an indication that websites are increasingly forcing members to create longer passwords for their protection. Still, the longer passwords are incredibly simple. Simple to the point that their length is of no worth as a security measure.

Popular Password Trends

Below are the trending biggest password blunders for 2015:

  • Long passwords climb in popularity but users seem to take no notice that the main reason for having a long password is to make it harder to guess. Examples of long passwords that are so easy to guess are “qwertyuiop” and “asdfghjkl”. Both are just rows of letters at a standard keyboard (the top and second row, respectively).
  • Numerical passwords remain to be some of the common ones, with “123456” and “1234567890” still on the list of the most popular.
  • Sports is still one of the most favourite password themes. In fact, “football”, and “baseball” are both in the top 10 of SplashData’s list.
  • Pop culture seems to be focusing on Star Wars, with people using Star Wars terms such as “solo”, “princess”, and “starwars” so much that all 3 made it as new entries unto 2015’s worst passwords list.
  • Some words just waltzed their way into the list out of nowhere. Words such as “welcome”, “passw0rd”, and “login” seem so common and yet so unusual.

SplashData’s list consists of passwords held by users from Western Europe and North America. It shows that a huge number of individuals are still knowingly putting themselves at risk for identity theft and hacking by using easily guessed and weak passwords.

Are you one of the individuals using the easily-hacked passwords above? Then you may want to start changing your passwords using the following:

Password Safety Tips

  • It is best to use passphrases or passwords that are 12 characters or more that consists of a mixture of letters and numbers.
  • Using the same password for multiple websites is not recommended.
  • Using a random password generator and keeping generated passwords safe by a password protection software may help.

For help with security concerns, talk to us! We serve Toronto, the GTA, and all of Ontario. Contact us for an obligation-free initial consultation of our private investigation (and other) services.

Economic Espionage – An Eye Opener

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Economic espionage, two words that you won’t be expecting may be closer to home than you’d ever imagine. Sure you may have heard of it, but it does sound like something out of an action movie involving spies and secret agents doesn’t it? That’s where you are wrong. Today, economic espionage is a real threat that can target anyone. If your business is in an industry where protecting your intellectual property is key to success, then you are a target!

What is Economic Sabotage?

Trade secrets are every company’s most precious possession. It is what makes a business successful compared to the competition. Economic espionage occurs when these trade secrets are stolen or are knowingly misappropriated for the economic benefit of whoever else except the trade secret’s owner. Another definition is when a foreign agent, foreign government, or foreign instrumentality benefits from stealing the trade secret.

Cases of economic espionage that are involving a foreign government are very difficult to prove. No foreign country would admit to sending agents to steal business secrets from another country and oftentimes, this results to cases ending up as a case of theft of trade secrets.

Our neighbour, the USA launched a nationwide awareness campaign courtesy of the FBI following cases of a nearly successful economic espionage attempts.

The U.S. Situation

It is no secret that industries in the U.S. spend a good deal of money on product research and development compared to other countries in the world. Companies spare no resources and effort to come up with a truly unique process or product that can give them an edge in business. This is why it is such a blow when years of hard work gets stolen and is used to benefit a foreign country. The damages are catastrophic! Not only is there a loss of revenue, but there’s also loss of employment, lost investment, damaged reputation, interruption of production, and ultimately can lead to a company going out of business. For businesses with a huge operation, sometimes supporting and providing an entire community with livelihood, this loss can have a significant impact on the local and national economy!

The American economy loses billions of dollars annually to this national security risk. Theft attempts are becoming increasingly daring, with foreign competitors and adversaries using people posing as foreign investors, researchers, and head hunters to get what they want.

If you have time, you might want to take a look at FBI’s short film The Company Man. It shows that no one is safe these days. Whatever industry you are in, no matter how small or how big the size of your operations is, someone will want to get what’s yours. It only takes one minor slip up or a dishonest employee to lose everything you’ve worked so hard to attain.

Protecting Your Trade Secrets

What is happening in the U.S. is not an isolated case. This is happening all over the world and can happen to you too. There is no doubt that you’ve invested time and resources into developing your brand, your idea, or your product. You need to protect it.

Below are some of the FBI’s recommendations for protecting yourself from economic espionage:

Need help beefing up your business’ risk management plan or investigating possible cases of trade secrets theft? Contact us for a free initial consultation. You need the best private investigators in Toronto on your side. Act before it is too late!

 

Managing Your Fraud Risk in 2016

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The end of the year is fast approaching and organizations like yours are already in the final steps for planning out activities for 2016, but aren’t you forgetting anything?

This time of the year is the best in figuring what fraud prevention measures you will be implementing for the coming year as well as bearing in mind the importance of such measures.

Numbers Are NOT In Your Favour!

The ACFE’s 2014 Report to the Nations shows that 58% of organizations that has been victimized by fraud never got to recover their losses. Think about that and you’ll soon see how important it is to exercise due caution by making sure that you mitigate your fraud risk as much as you can. Of course it is our hope that you’ve been already doing this but hey, better start now than regret not doing so later, right?

“What can I do to prevent fraud in my organization?”

The above is perhaps one of the most common questions we receive from our corporate clients throughout the year. We do wish that we have just one all-encompassing answer but honestly, being able to prevent fraud completely is next to impossible and there is no real guarantee or assurance that fraud will never occur. All we and you can do is to try to manage and mitigate fraud risks. We’ve tried doing that by publishing numerous fraud awareness and fraud prevention articles to help organization leaders like you but alas, that is all we can until you contact us to dig in deeper.

The Most Effective Anti-Fraud Control

The Report to the Nations published some information pointing to proactive data analysis and data monitoring as the most effective anti-fraud control. The keyword there is you have to be proactive. You see, cases wherein control was present reports that there is a 50% decrease in median duration and a 59.7% reduction in median loss compared to cases where there was no control. An interesting fact is that while this control has been proven in the report as the most effective, it is not even close to being the most common control. Only a third of the submitted cases are sporting this.

Surprise audits is another one of the most effective controls for deterring fraud. This showed a 50% decrease in median duration and a 43.3% reduction in median loss but just like the first one, this is only present in just about a third of all the cases in the study.

You might be surprised to know that hotlines are among the top controls for fraud prevention. It showed a 50% decrease in median duration and a 40.5% reduction in median loss It just shows that since hotlines are the channel for tip-reporting, also known as the most common method of fraud detection, the anonymity and security provided by this type of fraud reporting does pay off.

As this year comes to a close, we sincerely hope that your organization will not be one of those companies who’ve waited until a fraud gets discovered before contacting us and contemplating about implementing some fraud prevention measures. Take this time of the year to reflect on what controls you have in place and what you may consider adding to help reduce fraud in your organization. Here’s to more success in 2016!

15 Common Business Scam Tactics and How to Avoid Them

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Scams that are aimed at businesses and other business-like organizations often work because the perpetrators come off as real, legitimate, and professional businesses. Their tactics often seem credible and uses practices that are typical of normal reputable businesses; so knowing if you’re possibly dealing with a scammer or a real business can be very tricky.

Here are some techniques often used by business fraudsters:

Altercasting

This modus works by persuading you to avail of the scammer’s offer by making you feel very important or by giving you a highly respected social role. Often the scammer will say things such as: “as the obvious primary decision maker of your organization…” or “approving this offer should not be a problem for someone as critical to the organization as you.”

Authority

The scammer borrows credibility from an outside source to convince you. They say highly persuasive and disarming spiels like “the law requires you to get this…” or “our board is composed of MBA graduates with decades of industry experience.”

Creative Use of Name

The scammer uses a company name that seems like a legitimate large-scale enterprise. They’d go as far as giving you a full name when calling but it is most likely a fraudulent name as well.

Exclusivity

Be wary of ploys that uses psychological tactics such as giving you access to privileged communication or that gives you special treatment. It’s just plain flattery.

Excitement

Con artists often hype up their ‘product’ to get you excited about it, saying something along the lines of “if I can afford this for myself I’d sign-up as well, you can’t beat this deal!”

Flattery

Complimenting you is just a scam artist’s tactic to disarm and charm you. They’d say anything that makes you feel special such as the offer is only made to a special set of businesses or that your business history is amazing and they can’t pass up the opportunity to partner with you.

Foot in the Door

This is plain trickery wherein the scammer will get you to agree to something small such as agreeing to receive some free samples and then after you’ve signed up, you find out that it’s an agreement for a 2 year supply of something you don’t need and now have to pay for.

Give Fake Bad News to Gain Your Trust

The scammer can tell you some negative details about what they are peddling but not enough to outshine what you’ll be getting if you agree to their offer; thereby tricking you into thinking they’re simply being honest about pros and cons.

Initial Agreement Pressure

You’d be asked to agree to something basic such as wanting to save money at the beginning of their spiel and then later on you’d be reminded that you agreed this is a good thing, so why aren’t you signing up?

Paperwork and Professionalism

You’d be called unprofessional when you try to back out of a deceitful agreement, saying that it has already been entered to their records and that you’re not keeping your word.

Peer Pressure

The scammer would make you want to avail of their offer in order to not be left out compared to your competitors. Namedropping of your competitor’s business is part of this.

Pitch a Better Deal

The scammer would pitch an outrageous deal and then mention a much more affordable one when you show signs of balking so you end up still getting yourself entangled with them.

Reciprocity

The fraudster will offer prizes or a special discount if you sign a deal with them.

Scarcity

The scammer will say something like that there is just one slot left for their offer and that someone else may get it if you don’t act fast.

Urgency

Same as above, you’re pressured to agree because you don’t want to miss out on a great deal.

Please note that legitimate businesses may also do some of the business scam tactics described above. In writing this, we aim to at least give you an idea of what could be considered as business red flags. If you’re unsure whether the company or business you are dealing with is the real deal, then simply contact us – your very own Private Investigator in Toronto for a free initial consultation! Remember, an ounce of prevention is indeed better than a pound of cure!

 

Fraud Awareness for Commercial Targets: Types of Business Scams

toronto-private-fraud-investigatorBusinesses have always been a target of fraudsters, and that’s precisely why businesses should be made aware of the possible scams that they may fall victim to. Frauds that target businesses can end up costing millions of dollars annually, and your company may already be a victim without you knowing it.

The Good and the Bad

The problem with corporate-level scammers is that they seem to be just like any refutable vendor you’ve previously dealt with. It is too easy to fall into their trap before you have any inkling of what’s going on. Their scams can masquerade as office goods being delivered and charged to you without you having placed an order, or can be goods that you’ve ordered and paid for but will never be delivered to you. There’s really nearly nothing you can do once they got you trapped. Their collection agents are nasty, none of their staff are authorized to cancel the order you never placed in the first place, and they’re very quick to blackmail you with legal action if you don’t hand over some money.

Refutable businesses won’t do any of what’s described in this article. They care about customer service and care about growing their business with yours. Obviously, scammers are only interested with what they can get from you today because they hardly ever stay in ‘business’ for long – another reason for you to be able to tell them apart from legit businesses as soon as possible by familiarizing yourself with the types of business scams and how they operate.

So here they are, the Types of Business Scams:

Office Supply Scams

This scam operates by placing one or a few unsolicited calls to a targeted business. They usually make the first call to get information such as your corporate email address, the names of who runs your business, the names of your colleagues, and what office equipment you use. They use the information to imply an existing business relationship when they place a second or third call to one of your company’s decision makers or your colleagues. This enables them to get key persons to agree to their shipments of products that your company never ordered to begin with.

The nightmare continues when the products arrive and you realize that not only that you’ve never placed an order, but the products are cheaply made and cost a lot more than the best products of its kind in the market. You are not given any means to return the products and is stuck with paying for them or face a possible lawsuit that can damage your reputation beyond repair. Keep note that the scam can continue even after you’ve sent payment because the scammers will try to milk as much money as they can from you.

Directory Scams

Directory scams work by either tricking you to advertise in their (non-existent and overpriced) directory, or by fooling you into paying for a renewal of your non-existent subscription service with them.

This scam works because all organizations would elect to promote themselves. Oftentimes, companies do not check records and would just rather get a subscription bill done with, more so if it’s renewal is related to their company’s promotion.

Fake Invoice Scam

This scam often follows the same modus as the assumed sale tactic (the office supplies scam) and then sends a bill or invoice to an unsuspecting target. The invoice or bill will look very credible, printed on high-quality paper and sporting a professional layout. You are then fooled into thinking that you are meant to send payment for the invoice. Worse, once you’ve sent your first payment and the fraudulent transaction enters your books, you are more likely to keep sending payment to the next invoices the scammer will send to you.

Thhs scam can bleed your company for months, up to years without you suspecting something is amiss, more so if they are in cahoots with an employee in your organization. It is very easy to miss fake invoices because they often only charge small amounts but remember; small fake bills can mount up to big losses in the long run.

Suspecting that you may have been a victim of business scam? Want to know how you can further protect your company against fraudsters? We’ve got answers for your private investigator and corporate investigation needs! Contact us for your free initial consultation.

15 Scams to Watch Out For in the New Year

fraud-in-toronto

With the holidays and the New Year coming up, scams will once again be at an all-time high. It does seem that fraudsters have a passion for being the Grinch during around the holidays as compared to some other season of the year. What to do then? Brush up on your sleuthing skills and make sure to keep an eye out for these types of fraud and how they operate:

900 Numbers

You will be contacted by the fraudster via mail or email and then convince you to call a 1-900 number to claim your non-existent prize.

Advance Payment Scam

You will be asked to send an upfront payment for goods, services, or anything nice but of course the scammer won’t hold their end of the bargain.

Card Crimes

Basically this works by getting your data skimmed by fraudsters and then they use that data to make fake cards that they use to spend your money and rack up your credit bill.

Counterfeit Cheques

Still more popular than ever, scammers still use fraudulent cheques to get you to send them goods or money but they do it so well that you won’t know until after the deed has been done.

Directory and Supply Scams

Very cunning companies will contact you to avail of their very special bargain prices but it will only be effective if you make a purchase within the next 10 minutes. Later on you find out that the quoted price is far from being a bargain one and is even marked up. Worse, there could be no goods at all.

Emergency Scams

One of the oldest in the book but still works like a charm, the fraudster will contact you to inform you that a loved one has had some sort of accident or needs some money as soon as possible. Always call your loved one directly should you receive a call like this.

Extortion Scam

The scammer will blackmail you about something to get money, goods, property, or services. This type of scam is particularly virulent because oftentimes, the scammer won’t stop until there’s nothing more to give.

Fake Charities

Fraudsters will make use of the names of established charities to get you to give them ‘help’. Sometimes, they would even use facebook and ask you to donate via Paypal.

Identity Fraud and Identity Theft

The fraudster will collect your personal information either to extort money from you or to use your information to commit various frauds.

Investment Scam

You will be convinced by investing your hard earned cash or properties in non-existent businesses or worthless things.

Being Used as a Money Mule

Often associated with money laundering, the scammer may ask for your help to use your bank account to transfer money from one account to another. This can also happen without you being aware of it.

Overpayment Scam

Closely associated with the fake cheque scam, a fraudster will deliberately send you a fake cheque with a much higher value than the cost of goods or services that you are offering. They’d ask you to either give the change in cash or deposit it in their account, thereby making money off of you.

Phising Scam

Internet scammers fish for your personal data such as usernames and passwords by luring you to a fake log-in page.

Romance Scams

A very attractive male or female lures you by pretending to be romantically interested in you and then end up using you like an ATM after gaining your trust and affection.

Tax Scams

Tax season comes with a whole hoarde of scammers who will not waste time to find any opportunity to scam you out of your hard-earned money. When something is amiss and you have no idea what it is when you’re dealing with money matters, then your brain might be telling you that you are being scammed.

Need extra help protecting yourself from holiday scams? Think you may have been a victim of fraud? Then you may need some private investigator action! Contact us for an obligation-free initial consultation today!

5 Steps to Reduce Small Business Fraud

Produced by the Association of Certified Fraud Examiners, the following video outlines 5 important steps you should take to avoid small business fraud.