What is Business Fraud?
An unsolicited phone call or email that appears to be from a trusted source can lead an employee to inadvertently share confidential information with a criminal.
Business fraud can also originate within your organization – an employee may steal equipment or products, or partner in a complex corporate espionage scheme. If a scam executed against your organization garners media/social media attention, your organization's reputation and financial future may be at risk.
Minimize your chances of becoming a victim of fraud by accessing the Competition Bureau of Canada publication, The Little Black Book of Scams in a variety of online and print formats.
There is much you can do to manage the risk that fraud poses to your organization. Talk to your insurance representative about risk management best practices for fighting fraud in your industry.
Source:
Competition Bureau of Canada