Protect Your Business from the Top Perpetrators of Occupational Fraud

When it comes to occupational fraud, small businesses (those with less than 100 employees) are hit disproportionately hard, suffering a median annual loss of $154,000, according to the Association of Certified Fraud Examiners (ACFE). That’s a significant chunk of many small business budgets, and many owners find it difficult to bounce back from such a devastating financial setback.

Fortunately, it is possible to figure out who in your organization is most at risk of committing fraud —valuable information that can then be used to more effectively guide your anti-fraud initiatives. Here’s what you need to know:
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Top Ways to Detect Fraud in Your Business

Each year, organizations around the world typically lose 5 percent of revenues to fraud. The cost is staggering: if this percentage were applied to the 2013 estimated Gross World Product, it would translate to a projected global fraud loss of nearly $3.7 trillion, according to the Association of Certified Fraud Examiners (ACFE).

Fortunately, there are cost-effective strategies that businesses large and small can take to detect fraud, reduce vulnerability, and stem losses. Here’s what you need to know:
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