Protect Your Business Become a Hard Target

Where Are We Going?

Continuous Monitoring Think Like a Thief Cyber Security Considerations Continuous Monitoring Think Like a Thief Cyber Security Considerations Goals of this Program

Fraud is Mean Question: “Why did you do this?” Answer: “BECAUSE THEY WERE STUPID”. Question: “Why did you do this?” Answer: “BECAUSE THEY WERE STUPID”.

Financial Crime Autopsy Indications were missed Trust is Lost Lack of Recovery Problems Continue Indications were missed Trust is Lost Lack of Recovery Problems Continue

Self Image Strong Work Ethic Building Solid Company Providing Good Jobs Fair, Concerned Strong Work Ethic Building Solid Company Providing Good Jobs Fair, Concerned

Maybe Not Wealthy Uncaring Greedy Owes Employees More Wealthy Uncaring Greedy Owes Employees More

What Can Happen Theft Occurs Loss Unknown Inquiries Confrontations Theft Occurs Loss Unknown Inquiries Confrontations

Training and Prevention Average loss: $150, % Margin=$1.5 million to make up for loss Obtaining Financial Records Difficult Prosecution or Not? Average loss: $150, % Margin=$1.5 million to make up for loss Obtaining Financial Records Difficult Prosecution or Not?

5 Things You Can Do Know Your Vendors Identify Unknown Vendors Background Check Verify Existence Determine if any relationship to employees Know Your Vendors Identify Unknown Vendors Background Check Verify Existence Determine if any relationship to employees

5 Things You Can Do Know Your Employees Identify Employees in Sensitive Positions Review and verify applications/resumes Credit Reports Background Checks Fidelity Bonds Know Your Employees Identify Employees in Sensitive Positions Review and verify applications/resumes Credit Reports Background Checks Fidelity Bonds

5 Things You Can Do Know Your Credit Cards How Many Custody Written Guidelines Review Statements Know Your Credit Cards How Many Custody Written Guidelines Review Statements

5 Things You Can Do Know Your Cyber Environment Common Attack Vectors Keep System Modern Employee Training Know Your Cyber Environment Common Attack Vectors Keep System Modern Employee Training

5 Things You Can Do Have a Plan Suspicion Only Known Theft Known Intrusion Have a Plan Suspicion Only Known Theft Known Intrusion

When to Call a Pro Sensitive Position Lawsuit, Subpoena Unresolved Allegations Theft has Occurred, Loss Unknown, Large Loss Chance of Recovery Law Enforcement Involvement L Sensitive Position Lawsuit, Subpoena Unresolved Allegations Theft has Occurred, Loss Unknown, Large Loss Chance of Recovery Law Enforcement Involvement L

Additional Considerations Know Your Company Know Your Partners Know Your Expenses Know Your Bank Statements Know Your Bonus Programs/Return Policies Know Social Media Know Your Company Know Your Partners Know Your Expenses Know Your Bank Statements Know Your Bonus Programs/Return Policies Know Social Media

Randal A. Wolverton CPA CFF CFE (816) m CPA CFF CFE (816) m