Protecting Your Business From Fraud-Are You Doing Enough?
Protecting your business from fraud and theft is a tough job these days - are you doing enough as a business owner to ensure that your assets are safe? Did you know that according to a 2010 report from the Association of Certified Fraud Examiners, incidents of occupational fraud are 31% more likely to occur at small business as opposed to larger companies? And, to add insult to injury, as many as 40% of small business owners are embezzlement victims and that a staggering one-third of all bankruptcies are the direct result of internal theft! To be hones, I had no idea of these statistics - until I read a very interesting article yesterday called Five steps to prevent small business fraud, in the Hartford Business Journal Online. The article…