Webinar: Kickstart Your Fraud Prevention Into High Gear!
Let’s Kick Fraud Prevention Into High Gear!
Won’t you join us?
We’ve seen in the ACFE’s Report to the Nations findings that the higher the perpetrator’s level of authority, the greater the fraud losses tend to be. It goes to say that many white collar crimes aren’t committed by ‘hardened criminals’, but instead these crimes are being committed by people who are under severe pressure from management or shareholders.
The bigger the business, the more employees, and the fraud costs skyrocket. Big businesses that have engaged in fraud end up paying billions in violations, penalties, and legal fees.
Small, and many medium sized businesses, don’t have that kind of cash flow to cover fraud losses, legal fees, and violations. If a small or medium sized business found itself face to face with having to pay fines, cover financial losses, protect its brand and reputation, chances are it is game over for that business.
Fraud costs small business a median loss of $155,000, according to the ACFE. This is just too much for any small business to handle, and this is a huge threat to the success of that small business. Employee theft and fraud of this magnitude isn’t easily absorbed into small business financials.
Watch the webinar now.