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White-Collar Criminals Defraud Businesses Of Millions Every Year

White-Collar Criminals Defraud Businesses Of Millions Every Year

Business leaders face a host of threats in the modern world, from cybercrime to litigation. One of the most insidious, however, is that of white-collar crime: employees who use company resources to defraud people, including the firm itself. 

White-collar crime is a particularly nasty type of crime. Unlike the rest of the threats that your company faces, white-collar crime comes from within – people you’ve employed are acting in ways that are unethical and illegal. It is often a terrifying experience and can lead to a profound sense of betrayal. 

The types of white-collar crime vary from situation to situation. In some instances, it is “corporate fraud” where people inside organizations engage in “insider trading,” selling their shares in the company before bad news hits the market, thus avoiding losses. Other types of corporate fraud include things like misusing property and not paying enough tax. In 2011 alone, the FBI convicted more than 241 corporate criminals. 

The other primary type of white-collar crime is money laundering. This crime occurs when people in a company use financial apparatus to make stolen money look as if it came from a legitimate source, thus allowing them to use it how they like. In 2011, the FBI investigated more than 303 money laundering cases. 

Are you interested in finding out more about white-collar crime and how it could affect your business? If so, then check out the following infographic. It chronicles the history of white-collar crime and provides some ideas for how organizations can prevent it from happening. 

About The Author

Cyber Geek Girl

Lisa Ventura (AKA ‘Cyber Geek Girl’) is a Content Marketer, PR, Digital and Cyber Security professional, and is an active blogger and influencer. She loves technology, gadgets, sci-fi, heavy metal music and is fascinated by hacking/cyber security and nuclear war. ‘Cyber Geek Girl’ is Lisa's window to her world and contains articles, reviews, advice, interviews, hints and tips on a variety of different topics and subjects that she is passionate about. Lisa loves dogs and is the proud owner of a GSD/Husky cross dog called Poppy, who is her world. She can be contacted via hello@cybergeekgirl.co.uk.

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About Me

Lisa Ventura (AKA ‘Cyber Geek Girl’) is a Content Marketer, PR, Digital and Cyber Security professional, and is an active blogger and influencer.

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