As technology improves, so do cyberattack efforts. According to the Federal Bureau of Investigation’s Internet Crime Complaint Center (IC3), “Since January 2015, there has been a 1,300 percent increase in identified exposed losses, now totaling over $3 billion.” This makes prevention and detection more difficult for businesses.
Although difficult, having strong internal controls is important. Businesses need strong internal controls to detect and prevent both intentional and unintentional misappropriations of assets.
At CoNexusCPA Group, […]
When thinking about cyber and fraud attacks, people tend to picture a malicious software or bug clinging to company files and acquiring all of the company’s information. However, fraud and cyber attacks have become easier. So easy that now your boss can be the one to trigger an attack. This happens through a cyberattack called “Executive Impersonation.”
Executive Impersonation is an attack trend, part of a set of attacks labeled Business Email Compromise (BEC). According to […]
With summer upon us, a lot of families are heading to the beach or the mountains for vacation, you may get the idea that it would be great to own a vacation home or condo to rent out when you are not using it. After all, with online rental platforms like Airbnb and VRBO, finding renters can be easy. And generating some revenue to cover ownership costs is nice as well as the associated tax […]