Search
 

The 4 Most Common Business Fraud Schemes

Sometimes the hardest crimes to spot are the ones perpetrated by people you trust.

By Patricia Harman | Updated on October 20, 2014

Employee theft costs businesses an estimated hundreds of billions of dollars each year and a report from The Hanover Insurance Group, Inc. has some insights on the four most common crime schemes impacting business owners and recommendations on how to prevent them from occurring.

“Business owners spend a significant amount of time and resources protecting their business from a variety of risks, whether it’s liability for their products or services or severe weather,” said Helen R. Savaiano, president of management liability at The Hanover. “But, what can sometimes be overlooked are the risks presented by unscrupulous employees and unfortunately, those types of losses happen more often than business owners think.”

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

 

Recommended Stories

How to Prepare for Prospective Divestitures

How to Prepare for Prospective Divestitures

T&R Staff |

Deloitte managing director Brenda Ciampolillo explores the implications of new research suggesting nearly half of companies will divest a business unit this year.

Debt Ceiling Crisis Averted—for Now

Mike Dorning |

We’re likely to replay the drama in two years, and even though the United States didn’t miss a payment, the drama prompted a downgrade in the nation’s credit rating and a stock market slide.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2023 ALM Global, LLC. All Rights Reserved.