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Article: Protecting your business from internal fraud: businesses are also at risk for fraud, and should take steps to protect themselves.
- Article from:
- Alaska Business Monthly
- Article date:
- February 1, 2005
- Author:
CopyrightCOPYRIGHT 2005 Alaska Business Publishing Company, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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While most news coverage today focuses on individual identity theft, businesses are also at risk from within their own companies. "The potential for fraud is very real for businesses as well as individuals," said Debbie Grahek, assistant vice president, Alaska regional marketing/communications, Wells Fargo Bank N.A. "Wells Fargo encourages business owners to take steps to prevent fraud, both internal and external."
Grahek provided the following list of procedures to help companies protect their assets:
* Personally sign on the line. Review all checks and sign them yourself instead of using a stamp or computer-generated signature. Make sure invoices are ...