President Biden announced an executive order to increase background checks for firearm sales and improve the effective use of “red flag” laws.

According to ACFE research, organizations worldwide lose an average of 5 percent of their revenues each year to fraud. And criminals are using ever-increasing sophistication to pilfer their employers’ assets. Clearly, companies cannot afford to ignore indicators of fraud that may exist. With so much at stake, management must proactively look for fraud.