Client companies thought they were outsourcing payroll and HR compliance to a vendor. But the tax exposure never really left their books. Federal prosecutors say a Southern California staffing group is at the center of an alleged payroll tax fraud…
Fraud
A recent payroll tax fraud sentencing in Pennsylvania shows how off-the-books wage practices can expose a business to criminal charges and liability that grows until it threatens solvency. In this case, a Lancaster County restaurant owner and his two sons…
Cybercriminals have zeroed in on finance, where every click can move real money. In fact, 79% of companies experienced an attempted or actual payment fraud attack in 2024, most involving manipulation of ordinary approval and payment workflows. That’s the gist…
Fraud has become an increasing concern for AP teams, and the financial impact is quite significant. Criminals are taking advantage of various manual processes, outdated systems, and overworked staff. Finance leaders need to strengthen both their tech stacks and their…
In our interactive instructor-led 75-minute event, you will learn how to spot the subtle but critical signs of deepfake images, audio, and video that fraudsters now use to infiltrate payment processes. With payment fraud schemes becoming increasingly sophisticated, Accounts Payable…
About 90% of U.S. companies were targeted by cyber‑fraud last year - almost a 25% increase from the previous year. The rise doesn't just focus on more attacks happening, though. Fraudsters are using smarter technology as well. AI-powered deepfakes, voice…
CFOs know not all prospects are what they claim to be. Potential clients will stretch the truth to get a line of credit that's bigger than what they're worth. The risks of fraud are surging: 44% of credit managers say…
Accounting firms face tougher fiduciary duties as the result of three new federal rules. The Securities & Exchange Commission (SEC) approved guidelines written by the Public Company Accounting Oversight Board (PCAOB), the commission's Sarbanes-Oxley compliance arm. Employees of accounting firms…
Twenty-six financial firms are on the hook for $392.75 million in fines for securities recordkeeping violations. Several of the brokers, dealers and investment advisers made themselves a target by not keeping records of their communications. "Off-channel" communication enforcement efforts are…
The list of fraudulent brokerages, securities firms and even financial regulators just keeps getting longer. Hundreds, potentially thousands, of scam artists are on the prowl, looking to pick the pockets of investors who don't double check a company's on the…
The Securities and Exchange Commission (SEC) can no longer deny a party charged with securities fraud to a jury trial in a federal court. The Supreme Court just curtailed SEC internal enforcement established by the 2010 Dodd-Frank Act. Critics allege…
Did you hear about the Snowflake hack? Snowflake is a cloud computing company that got blasted by a series of attacks earlier this spring. Snowflake clients ended up taking most of the shrapnel. Snowflake client Ticketmaster estimates 560 million customer…
