{"id":9993,"date":"2020-10-08T11:28:09","slug":"your-employees-lifestyles-could-be-fraud-red-flags","title":{"rendered":"Your Employee\u2019s Lifestyles Could be Fraud Red Flags"},"content":{"rendered":"
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Recognizing earlier red flags is critical in mitigating fraud risk. According to Report to The Nations <\/span>2020<\/span>, 85% of all fraudsters displayed at least one behavioral red flag while committing their crimes. There are seven common behavioral red flags: (1) Living beyond means (2) Financial difficulties (3) Unusually close association with vendor\/customer(s) (4) Control issues and unwillingness to share duties (5) Irritability, suspiciousness, or defensiveness (6) “Wheeler-dealer” attitude (7) Divorce\/family problems.<\/span><\/p>\n

Living beyond means and financial difficulties are sequentially ranked as the first and second red flags in every study since 2008. Therefore,<\/span> in addition to criminal checks, drug tests, and background checks, companies also need to run a credit check. The more a company knows about the candidates\u2019 background, the less risk of bad hires.<\/span> Some companies even evaluate the credit history of their employees on a regular basis, especially in the framework of evaluating promotions because a higher position means greater risk. Ensuring an employee has a healthy credit score minimizes the risk.<\/span> A credit score is a credit bureau statistical indicator that summarizes the creditworthiness and collectability of a subject.<\/span><\/p>\n

Conducting credit checks on your candidate and employee has never been easier through our Credit Scoring service. What are the benefits of Credit Scoring?<\/b><\/span><\/p>\n