I just heard a story about a
company getting bills from its suppliers for goods they did not order. The suppliers
shipped products to “remote” locations as specified on the email orders that
seemed normal. They weren’t.
During startup and tough times
organizations often pay little attention to fraud until they are hit.
So what should you do? Here are a
few things to consider:
1. Perform background checks on
prospective employees, and do not give them a
reason to steal from your business.
2. Check bank accounts, cash,
invoices and financials yourself, at least monthly. Banks make mistakes too. I recovered hundred of dollars
from a bank that made a mistake
in its calculations.
3. Ask suppliers to run audits.
4. Protect computer systems with
firewalls, anti-virus software. Watch for “phishing”
schemes, and use “secure” online banking.
5. Protect hard-copy records, and
dispose of carefully with shredding.
6. Don’t forget insurance
coverage.
7. Stay current about the new
technologies in use by potential thieves.
What are you doing to fight
Fraud?
Steve Koenig, SCORE Counselor
Visit us at:
www.scoreesouthflorida.net
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