Tag Archives: commercial crime
How Small Businesses Can Prevent Commercial Crime
As a small business owner, you are faced with a lot of expenses just to keep your business running. When it comes to insuring your property like your building, equipment and inventory, those are tangible losses that you can visualize and put a value on. But, when it comes to commercial crime insurance, you may hesitate.
You think you are surrounding yourself with trustworthy people, so no need for …
The Most Common Crimes Committed Against Businesses
The very nature of business commerce – the activity of buying and selling on a large scale – is exactly what makes businesses susceptible to a variety of different crimes. Money is almost always the main motivation in business crimes, and in some cases the thieves feel justified stealing from a “corporation” rather than a person. However, money stolen from corporations has to come from somewhere, and stealing from businesses …
Survey Shows Occupational Fraud Costs Typical Organization 5% Annually
Internal Theft Universal Problem for Businesses
The Association of Certified Fraud Examiners (ACFE) recently released its annual study, Report to the Nations on Occupational Fraud and Abuse, revealing that the typical organization loses 5% of revenues each year to fraud. Moreover, the median loss caused by the frauds in the study was $145,000. Additionally, 22% of the cases in the study involved losses of at least $1 million. …
