Ever-growing postage rates are driving companies to digitize as much as possible. A record-high rate hike set for July 14 is going to impact companies that rely on the mail to do business. The U.S. Postal Service (USPS) announced it will be raising the cost of a first-class postage stamp from 68 cents to 73 […]
Believe it or not, more than 80% of workers like their employers’ Paid Time Off (PTO) packages. But that doesn’t stop a surprising percentage of workers from abusing it. Thirty-seven percent of Millennials (workers in their late 20s, 30s and early 40s born between 1981-96) take PTO “without communicating it to their manager and/or employer,” […]
That familiar voice on the phone? Could be a deepfake. The face you’ve seen a thousand times in meetings? Don’t assume it’s the real person talking to you on a video call. Cyber criminals are perfecting new scams using AI, and existing voice and video footage of powerful CEOs and CFOs. Their deepfakes are getting […]
How did a diversity, equity and inclusion (DEI) program manager defraud Facebook and Nike of more than $5 million? With the help of crooked relatives and friends, as it turns out. Former DEI program manager Barbara Furlow-Smiles was sentenced to five years, three months in prison this May after pleading guilty to wire fraud. During […]
You can’t be too careful out there! Fraud is a risk in every area of finance — even the auditor hired to analyze data and file truthful reports may be cutting corners. The Securities and Exchange Commission (SEC) charged a Colorado auditor with violating multiple Public Company Accounting Oversight Board (PCAOB) standards in more than […]
Threat actors, hackers, cyber thieves — they go by many names, but they’ve all got one characteristic in common. They aim at the weakest links in the most vulnerable systems to exploit and then wreak havoc. A red-hot target? The artificial intelligence (AI) programs more and more businesses are using. “AI brings unprecedented opportunity, but […]
The wave of tech fraudsters landing in the slammer rolls on. Elizabeth Holmes of Theranos infamy, crypto hustler Sam Bankman-Fried … and now Manish Lachwani, the ex-CEO of HeadSpin, an analytics startup he co-founded. Lachwani inflated his company’s worth and misled venture capitalists (VCs) hungry to invest in the firm by controlling all financial decisions. […]
Looks like company executives are damned if they do and damned if they don’t report a financial violation committed by their companies. The Department of Justice’s (DOJ) criminal division clarified that its voluntary disclosure policy doesn’t apply to chief executive or financial officers (CEOs/CFOs). A reporting individual qualified to enter into a a non-prosecution agreement (NPA) […]
Does it feel like the cost of nearly everything is on the rise or not coming down? Just when a commodity comes down in price, another one creeps back up? Gasoline and diesel prices at the pump are on the rise again to cite one example. Employers and employees are feeling the strain and may […]
