#fraud-detection
Identify and prevent financial fraud with monitoring and controls
Card-testing attacks surged 175% in 2026 — bots validating stolen cards on your checkout. Velocity limits, CAPTCHA, and CVC checks stop the fees and disputes.
Skimming steals cash before it is recorded; lapping hides it by misapplying later payments. A proof of cash and split duties catch both.
Dext AI Assist learns how you code receipts and applies your judgment automatically — but two-thirds of CFOs still demand human review. Adopt it safely.
About 30% of real accounting amounts start with the digit 1 — fabricated invoices rarely do. Here's how to run a Benford first-digit test in a spreadsheet.
Counterfeits you accept are your loss — no reimbursement. Train cashiers on feel-look-tilt checks, UV verification, and Secret Service Form 1604 reporting.
The Beneish M-Score combines eight financial-statement ratios into one score that flags likely earnings manipulators above −1.78; here is what each variable catches and how to use it in lending and acquisition due diligence.
A 9-step monthly bank reconciliation checklist that matches your book balance to the bank statement, separates timing differences from journal entries, and uses the divisible-by-9 rule to catch transposition errors in 30 to 60 minutes.
Cargo theft losses hit $725 million in 2025, up 60%, with average theft at $273,990. Small carriers face 18 percent cargo premium hikes, theft sublimits, and stricter underwriting on high-risk lanes—learn what thieves target, where risk moved, and the bookkeeping that keeps coverage intact.
AI-generated fake receipts rose from 0% to 70.8% of detected expense fraud in fourteen months, averaging $101 per claim, and small businesses can counter it by matching receipts to actual transaction records instead of judging document appearance.
A fidelity bond (employee dishonesty insurance) covers employee theft, forged checks, and payroll fraud that general liability and property policies exclude, and it's legally required for anyone handling a 401(k) plan's assets under ERISA.
Nacha's Phase 2 ACH fraud monitoring rule took effect June 19, 2026, requiring nearly every business that originates ACH payments to run a documented, risk-based fraud monitoring process covering account ownership verification, change monitoring, anomaly detection, and audit trails.
Business email compromise cost U.S. companies over $3 billion in 2025, averaging $137,000 per incident — and 45% of small businesses hit by BEC close within six months. AI-driven continuous auditing now starts around $20–$70/month; here's how anomaly detection, vendor account validation, and free controls like payment-change callbacks cut the risk without an enterprise fraud stack.
