Ralph Q. Summerford, president of Forensic Strategic Solutions, was featured in Business Alabama magazine in an article on fraud prevention. The article was published both online and in the publication’s July 2017 edition. In the article, Mr. Summerford stated that the most common fraud is committed by employees on employers.
Mr. Summerford also discussed the many ways organizations can prevent fraud, including hiring only after stringent background checks, segregating and swapping financial duties and looking for strange patterns and changes in employee behavior. According to Mr. Summerford, some employers are simply too trusting of employees. Under adverse circumstances, one in three people will commit fraud.
Read the full article here.