VIEWPOINT: Fraud stings firms that let down guard
Contrary to myth, occupational fraud, or white-collar crime, can attack any business at any time, especially companies that do not recognize or refuse to deal with its devastating potential. A recent study by the Association of C e r t i fi e d F r a u d Examiners estimated that 6 percent of all revenue is lost to fraud annually. That translates to more than $660 billion in annual losses across the country. The reality is fraud affects…