Protecting Your Business: Why a Commercial Crime Policy Is More Crucial Than Ever
This ebook will cover why and how the CTA will be implemented, how it will work, and information for CPAs looking to advise their clients in 2024.
What's inside the e-Book
What is a commercial crime policy?
Commercial crime refers to financially motivated, non-violent offenses committed against businesses, often by employees, vendors, or third parties. These crimes include internal theft, manipulation of records, funds transfer fraud, and even cyber-related scams like fraudulent instruction and social engineering e-mail fraud. While the perpetrators may wear suits instead of masks, their tactics can be just as damaging.
Why commercial crime protection matters
Crime has evolved beyond lock-and-key threats. Phishing scams, wire fraud, and credential theft now account for a growing portion of financial crime. As cybercriminals become more sophisticated, even vigilant businesses find themselves exposed. A robust commercial crime policy helps insulate businesses from these losses.
Preventing commercial crime before it happens
Prevention is the strongest first line of defense. By taking proactive steps to deter criminal behavior and identify vulnerabilities, you can reduce both the risk and financial impact of crime. There are many practical prevention strategies your company can implement.The FBI also recommends reporting suspected white-collar crimes to authorities via IC3.gov or directly to your local FBI office.
