No business is immune to fraud, yet few businesses are proactive to examine their own risks. The trust in long-time employees, the convenience of automated payment systems and the simplicity of internal processes can all lull businesses into a false sense of security. And a false sense of security can quickly turn into financial hurt for your business due to fraud. 

So, what can businesses do practically to protect themselves from fraud?

In this episode of The Wrap, Tammy McGaughy, CPA/ABV, CFF, CFE, who specializes in helping businesses identify and correct fraud instances, joins our hosts to discuss fraud protection for businesses. 

After listening to this episode, you’ll be able to:

• Be aware of some of the most common types of fraud in businesses
• Grasp why there has been a recent uptick in business fraud cases and understand the causes of fraud
• See why having company credit cards can make your organization more vulnerable
• Implement immediate tactics that can help with fraud protection for businesses
• Know how to effectively monitor your organization’s fraud risk (without being in multiple locations at once)