Month: July 2015

Fraud takes 5 percent bite out of business revenue

The world economy loses an estimated $3.5 trillion annually to fraud. Broken down based on gross domestic product, approximately 5 percent of annual revenue of U.S. businesses is lost to fraud, said Tim Bergsma, an accounting professor at Davenport University and an occupational fraud consultant. Davenport’s accounting programs include fraud examination and forensic accounting tracks. […]

Holidaymakers targeted in online scam

Internet fraudsters have targeted holidaymakers using a popular travel firm to steal their personal information. Scammers nicked the brand name of one of the most well-known internet holiday websites to launch the con. Expedia bosses confirmed an investigation has been launched after fears crooks had “unauthorised access” to customers’ details. Unsuspecting travellers received an email […]