If you are new to the world of business, nefarious individuals or groups may see you as an easy target upon which to perpetrate wire fraud. On the other hand, even companies that have thrived for years in the Houston region are not safe from various kinds of fraud....
Fraud
Can you protect your business from online fraud?
Online fraud has risen during the past year. With more businesses than ever forced online, fraudsters have taken full advantage. Juniper Research estimates online fraud reached $17.5 billion last year, and they forecast it will rise to $21 billion this year. Trading...
Improve your ability to spot wire fraud in your Texas company
Wire transfers provide businesses with a fast, efficient and cost-effective way to receive or send funds. Although most companies are happy to use wire transfers, fraud is a widespread hazard that can threaten your business’s bottom line. What is wire fraud? It is a...
What is fraudulent conveyance?
As a business owner, you worry about fraud. You know the impact that it can have on your financial position. You have to work with other companies to make your own business work, but you also understand that that puts you in a vulnerable position. One type of fraud...
The growing risk of real estate wire fraud
When you’re investing in real estate, you know that money needs to change hands. Naturally, you don’t want to carry that kind of cash around with you, so most people wire the money directly from one bank to another -- and that’s what today’s thieves are counting on....
What can you do after a wire fraud scheme targets your business?
Both businesses and individuals can wind up falling victim to wire fraud schemes. Wire fraud schemes often involve one or more individuals hoping to benefit financially by tricking or manipulating the victim into completing a transfer of funds. Wire transfers are...
Expense account fraud: What you need to know to protect your business
If you own a relatively small company, you may think that expense account fraud is something that’s a much bigger worry for large firms where there’s a lot of anonymity and paperwork jungles. As it turns out, however, small companies see almost double the amount of...
Have you trained your staff about email wire fraud?
Quite a few people think of email fraud as a joke. People are quick to reference hokey emails sent from someone claiming to be a Nigerian prince or shady websites advertising cut-rate medications if someone were to ask them about email fraud. While both of those...
Business owners, beware of these common fraudulent scams
Owning a business is the ideal example of the American dream for many residents of Houston, TX. It takes a lot of patience and hard work to create a successful business so the last thing you need is a nefarious party to defraud you out of your money or goods. Scammers...
How to teach your employees to avoid wire fraud
Email-based wire fraud is a big problem for businesses of all sizes. If you’re a small business owner, you probably know to watch out for phishing scams in your email, but are your employees equally aware of the risks? Wire fraud leads to more than a billion dollars...