Business Susceptibility to Theft and White Collar Crime – Are You a Target?

Business Susceptibility to Theft and White Collar Crime – Are You a Target?

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Small businesses are very susceptible to theft and white collar crime, as a matter of fact, a staggering number of businesses falter and even fail because someone on the inside - an employee, vendor or even a partner - steals money, goods, data or intellectual property from an organization.  Our first article in this series discussed the Early Warning Signs or "Red Flags" of Fraud. For small businesses, the median loss due to theft and white collar crimes is greater than what has occurred in Fortune 500 companies.  In fact, one third of all business bankruptcies are due to employee theft and American businesses lose 7% of their annual revenues to fraud. According to a 2012 study by the Association of Certified Fraud Examiners, a vast majority of fraud is…
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