Check fraud can be particularly debilitating to a business in terms of the emotional and financial impact as well as reputational damage. Read about one company's experience with this problem.

Despite the size of a company or the number of background checks performed, even the most honest employee can make a bad choice that could negatively impact the company. Fortunately, there are controls business owners can put in place to prevent employee fraud.

Merchants (sellers) have a decision to make when they set up their business regarding accepted forms of payment. All methods come with risks, but the goal is to mitigate that risk so it is easy to conduct business with customers (buyers). Learn from situations that other EASA members went through.

An Association of Certified Fraud Examiners (ACFE) study in 2018 concluded that 30 percent of fraud cases occurred in small businesses, and 60 percent of those did not recover their losses. Those losses were in addition to the regular things that can affect productivity and profits, such as employee morale, brand image, reputation and unforeseen issues like global pandemics. Fraud in small businesses can have a more damaging effect because of smaller scales and profit margins.