Roughly 20 percent of all retail sales occur online. This statistic may sound lukewarm now, but e-commerce is rapidly becoming the lion’s share of global transactions. However, the model’s incredible growth also provides criminals ample opportunity to steal from online businesses. The absence of a physical location removes much of the criminal’s risk, and new strategies constantly pop up. A robust fraud prevention strategy should cover the majority of business operations.
Embezzlement is an internal crime that someone commits against their organization. The perpetrator's inside knowledge helps them avoid detection and clean up the evidence. It's a problem that can spiral out of control and cause massive damage to an organization's public face. Identifying the warning signs of embezzlement and acting quickly is essential to preventing the worst-case scenario.
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