Consumer fraud occurs when a person suffers from a financial or personal loss. The fraud can involve the use of deceptive, unfair, misleading, or false business practices. Here are some of the most common frauds that victimise consumers. Identity Theft – Identity theft occurs when someone steals your personal information which can include your name, ID number, bank […]
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All businesses, regardless of their size are susceptible to invoice fraud. Even a few fake invoices could result in thousands, if not millions of Rands of losses. Invoice fraud is when a person notifies your company that your supplier payment details have changed and provides you with alternative details in order to defraud you. These people
Small businesses without strong internal controls of money and paperwork are the most vulnerable to employee fraud. Don’t wait for a fraud to occur. It is essential to be proactive and preventative and put processes in place. Below are some tips for small business owners to reduce the risk of loss due to employee fraud.
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