#fraud-prevention
Proactive strategies and controls to prevent financial fraud in your business
A SIM swap hands your number to a criminal who resets passwords and wires out your balance — lock the carrier account, quit SMS codes, call back on wires.
Skimming steals cash before it is recorded; lapping hides it by misapplying later payments. A proof of cash and split duties catch both.
Spam Likely labels come from Hiya, First Orion and TNS, not your carrier. Register numbers, earn A attestation and add branded calling to lift answer rates.
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.
A daily money manager is not a fiduciary until formally appointed — price retainers deliberately, never commingle funds, and log every bill-pay.
40% of business email compromise now uses AI deepfakes. Out-of-band callbacks, dual approval, and locked vendor records stop voice-clone wire fraud.
Because you authorized the wire, US banks rarely refund APP fraud — $8.3B lost in 2024. Out-of-band vendor verification and dual approval stop it.
IRS Form 3911 traces a missing refund after 5 days for direct deposit or 4–9 weeks for paper checks; BFS then cancels the original or investigates the forgery.
Organizations with mandatory vacation and job rotation report roughly 50% lower fraud losses — here is how small teams run the control.
A MATCH listing follows a terminated merchant for five years and nobody has to tell you. Here are the reason codes, the high-risk cost, and three paths off.
Zelle tags passed 1 million enrolled small businesses in 2026, adding ~3,500 per day. Here's how to claim a handle, what bank sending limits apply, and why no 1099-K still means fully taxable income.
