Browse Tag: fraud

Spotting and Stopping Invoice Redirect Fraud

Spotting and Stopping Invoice Redirect Fraud

 
 
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Spotting and Stopping Invoice Redirect Fraud

Between 2013 and 2015 a team operating out of Lithuania stole over 100 million dollars from Facebook and Google. Perhaps the most shocking detail is that they didn’t “steal” this money secretly. They asked for it directly in emails and invoices. By impersonating a company that Facebook and Google were used to working with, this company was directly paid large sums of money straight from these giant tech companies. 

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Good Intentions Fraudulent Acts

The psychology of fraud

“There are three things in the world that deserve no mercy: hypocrisy, fraud, and tyranny.” Frederick William Robertson

What makes a good person commit fraud?

Most of us are brought up in good environments with a decent measure of morality etched within us. But have you ever thought that one day you might land in an unusual situation where your bills are more than your income and you are faced with a decision between doing the right thing or lowering your moral standards for just a moment and committing fraud to make ends meet?

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How Your Charity Can Spend Within Budget

How your charity can spend within budgetMost times, charity funds get wasted in the purchase process. The most common examples of waste, in this case, are two people in the organization buying the same thing, or when an invoice comes in and an item costs more than was initially quoted so your organization ends up paying more than budgeted. The worst scenario is when suppliers collaborate with your employees to submit a fraudulent invoice.   Continue Reading