4 ways to minimize employee fraud and theft

Posted On Dec 18 2020 by

first_imgUnfortunately, we live in a world where businesses, and people in general, have to be prepared for the possibility of a robbery or theft. For a business owner, it can be hard to think about your trusted employees engaging in dishonest or fraudulent activities that could harm your company, but the fact of the matter is, it happens more often than you think. Here are some of the cold hard facts from the 2016 Report to the Nations on Occupational Fraud and Abuse:Typical organization loses 5% of revenues in a given year as a result of fraud.The median loss for all cases in the study was $150,000, with 23.2% of cases causing losses of $1 million or moreThe median loss suffered by small organizations (those with fewer than 100 employees) was the same as that incurred by the largest organizations (those with more than 10,000 employees)More than three-fourths of the frauds analyzed were committed by individuals working in seven key departments: accounting, operations, sales, executive/upper management, customer service, purchasing, and finance continue reading » 5SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more


ACC Roundup Week 6: A 3-0 win, a Sunshine State battle and more

Posted On Sep 16 2020 by

first_imgLosers:Syracuse had two weeks to prepare for a run-heavy South Florida offense after allowing 268 yards on the ground to national power Lousiana State. But the bye week didn’t seem to help Syracuse (3-2, 1-0) as the Orange allowed 282 yards on the ground to South Florida (2-3, 0-1 American Athletic) as the Bulls thwarted a Syracuse comeback attempt to win 45-24. Freshman quarterback Eric Dungey turned in a “wobbly” performance in his first game back from injury.Read all of The Daily Orange’s coverage of the game here. Comments Facebook Twitter Google+ Published on October 11, 2015 at 4:50 pm Contact Sam: [email protected] | @Sam4TRcenter_img Brenden Motley threw three second-quarter touchdown passes to Isaiah Ford on the way to a 28-13 win for Virginia Tech (3-3, 1-1 Atlantic Coast) over North Carolina State (4-2, 0-2).No. 6 Clemson (5-0, 2-0) used a balance offensive attack to rack up 538 yards and 43 points as the Tigers handed Georgia Tech (2-4, 0-3), which scored 24 points, its third straight ACC loss in a four-game losing streak.In a battle of Sunshine State schools, Dalvin Cook of No. 12 Florida State (5-0, 3-0) rushed for 222 yards and scored three touchdowns — including a 23-yard scamper which put the Seminoles up for good as it beat the Miami Hurricanes (3-2, 0-1), 29-24.Pittsburgh (4-1, 2-0) held off a fourth-quarter comeback attempt by Virginia (1-4, 0-1) within the last minute to preserve its second consecutive win.A 25-yard, third quarter field goal by Wake Forest (3-3, 1-2) was all the Demon Deacons needed to squeak by Boston College (3-3, 0-3) in a 3-0 win.AdvertisementThis is placeholder textWinners:Duke (5-1, 2-0) failed to score a touchdown last week, but got the win. This week: Different Duke, same result. The Blue Devils scored five touchdowns en route to a 44-3 rout of Army (1-5).last_img read more