4Thought Blog

4_thought_blog_graphic-red_border_-_sides_only.jpg

10 Tips to Avoid Identify Theft and Credit Card Fraud During the Holidays

Posted by Laura Gaythwaite on Tue, Dec 6, 2016

Holiday season is prime shopping time, so it makes it the perfect time to consider implementing some best practices to help prevent identity theft and credit card fraud.

Here are my top 10 tips to implement this holiday season to help prevent you from becoming a victim:

Read More

Topics: Fraud

10 Steps Business Owners Can Take to Prevent Fraud

Posted by Ryan Hintenach on Tue, Aug 9, 2016

Lehigh Valley newspapers recently were once again filled with headlines about million-dollar fraud schemes.

A bookkeeper was accused of stealing more than $1.4 million from an Emmaus civil engineering and landscape architectural firm and a former purchasing director at Utz Quality Food pleaded guilty to a $1.4 million fraud scheme involving vendor kickbacks.

Read More

Topics: Fraud

Business, Not-For-Profit Fraud is a Persistent Problem, New Study Confirms

Posted by Concannon Miller on Thu, May 19, 2016

For 20 years, the Association of Certified Fraud Examiners (ACFE) has been publishing studies every two years to raise awareness of occupational fraud, and the role strong internal controls can play in limiting these schemes. The 2016 Report to the Nations on Occupational Fraud and Abuse covers more than 2,400 cases of white collar crime, occurring in more than 100 countries. About 1,000 of these cases involved U.S. organizations.

The findings from the latest report remain consistent from prior years. This goes to show that, despite our best efforts to combat white collar crime, dishonest people continue to find novel ways, often exploiting technology, to steal from businesses and not-for-profit organizations.

Read More

Topics: Fraud

Stop Holiday Fraud – Tips for McDonald’s Owners to Combat Gift Card Theft, Counterfeit Bills

Posted by Laura Gaythwaite on Wed, Nov 18, 2015

The holidays can be a great time of year for McDonald’s owner-operators with gift card sales and more customers stopping in for a bite while on the road.

The downside? It also can be a prime time for fraud, between increased use of counterfeit money and gift card purchases with stolen credit cards.

We work with hundreds of owner-operators, and have seen some effective efforts to combat fraud. As we get into not only the holiday season but the holiday fraud season, we want to share this advice with more owner-operators so you can have hopefully a truly jolly holiday season.

Read More

Topics: McDonald's management, Fraud

Don’t Wait Until You Suspect Employee Theft – Take These Steps to Prevent Fraud

Posted by Concannon Miller on Thu, Nov 5, 2015

You may think your company is free from employee fraud and theft.

Unfortunately, it’s probably not.

The Association of Certified Fraud Examiners estimates that a typical organization loses 5% of revenues each year to fraud.

The AFCE Report to the Nations from 2014 put the median loss due to fraud at $145,000. However, more than 22% of those cases included losses of at least $1 million.

Read More

Topics: Fraud, Special services

Subscribe for more Timely Tips for Businesses