Commercial Insights

Is Your Government Agency Safe from Fraud?

Apr 26, 2021 (updated Feb 23, 2024) • 8 mins
Related

Fraud and Risk Management

How to Prevent Phishing and Other Business Fraud

Last year, phishing was the leading fraud claim and the second costliest in FBI investigations. Corporations must know how to prevent phishing to avoid fraud losses.
Article 4 mins

Fraud and Risk Management

BEC Fraud: The Rising Threat in Your Inbox

Any business that uses email is at risk of fraud. A sound risk management strategy can help prevent falling victim to email scams.
Article 5 mins

Fraud and Risk Management

Electronic Payments More Secure Alternative to Paper Checks

The Federal Reserve collected more than 3.1 million commercial checks last year. Yet, checks are most susceptible to fraud. Companies must take action to prevent fake check scams.
Article 9 mins
Recent

Important disclosure information

This content is general in nature and does not constitute legal, tax, accounting, financial or investment advice. You are encouraged to consult with competent legal, tax, accounting, financial or investment professionals based on your specific circumstances. We do not make any warranties as to accuracy or completeness of this information, do not endorse any third-party companies, products, or services described here, and take no liability for your use of this information. Diversification does not ensure against loss.

  1. Department of Justice, “Former Spring Lake Public Official Sentenced to Four Years in Prison for Embezzlement,” December 14, 2022 Back
  2. Association of Certified Fraud Examiners (ACFE), “Occupational Fraud 2022: A Report to the Nations,” 2023 Back
  3. Ibid Back
  4. American City and County, “Report: Labor Shortage, Hiring Challenges Persist for State and Local Government Hiring Manager,” June 29, 2023 Back
  5. Verizon, “2023 Data Breach Investigations Report,” May 6, 2023 Back
  6. Association of Certified Fraud Examiners (ACFE), “Occupational Fraud 2022: A Report to the Nations,” 2023 Back
  7. Ibid Back
  8. Ibid Back
  9. Fox Business, “Dozens of New York City Employees Arrested in Bribery Case that Cost US Taxpayers Millions,” February 6, 2024 Back
  10. U.S. Department of Justice, “Former Orange County Education Official Arrested on Complaint Alleging He Embezzled More than $14 Million from School District,” October 19, 2023 Back
  11. The Stow Independent, “Landry Court Case Closer to Settlement,” August 9, 2023 Back
  12. Des Moines Register, “Iowa Clerk Spent Public Money on Gum, Tobacco and Fritos, Auditor Finds,” December 21, 2023 Back
  13. U.S. Department of Justice, “Former State Employee Sentenced to 12 Months in Prison for Role in $2 Million Scheme to Defraud the Office of AIDS,” April 20, 2023 Back
  14. Ibid Back
  15. Sophos, “The State of Ransomware in State and Local Government 2023,” August 1, 2023 Back
  16. Ibid Back
  17. Ibid Back
  18. ICMA, “It Can Happen Here: No Local Government is Safe from Fraud,” August 1, 2023 Back
  19. Agile IT, “A Guide to State and Local Government Cybersecurity Regulations,” August 18, 2022 Back