Everyone is thinking about Internal Fraud
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This is a guest post by John Doe from XYZ Corporation. John is a leading expert on fraud trends in the finanical services area and is passionate about detecting and preventing all types of financial fraud.
Fraud is a popular topic these days. When the Wall Street Journal runs an article about employee fraud, you know the topic has struck a nerve with the mainstream and is on everyone's mind. It is impacting every type of business and all kinds of people. The article specifically references multiple small businesses and the impact of employee fraud but what is not stated explicitly is that the money stolen is often deposited into banks using invalid checks that have either been stolen or are forged endorser. These are not easy to catch but by monitoring the deposits into the accounts, banks should be able to alert anomalous or suspicious deposits.