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The Southbourne Tax Group Review: How to Protect Your Business from Fraud **5 Commercial Fraud Prevention Tips** This March marks the 13th anniversary of Fraud Prevention Month. While the annual program focuses on protecting the consumer, businesses should take advantage of the time to better educate themselves on commercial fraud. A recent poll of Canadian businesses found that half of them know or suspect that they have been hit by fraud in past year. There are numerous ways that [business fraud](http://www.blurpalicious.com/the%20southbourne%20tax%20group%20business%20accounting%20services%20hong%20kong) can occur in a transaction. It can occur from business to consumer or consumer to business. It can come from internal staff or external threats. But the one familiar element is that the party committing the fraud has acted dishonestly. Business fraud is more common in some industries than others. Banking and financial services, government, manufacturing, healthcare, education, and the retail sector are all industries that struggle with fraud. However, no commercial enterprise, big or small, is safe. As a business insurance and risk management expert, Park Insurance is here to provide you with some [helpful tips](http://kizifriv.org/p/-southbourne-tax-group-3-tips-to-avoid-charity-tax-deduction-scams) that could save you from the impending threat of commercial fraud. **5 Fraud Prevention Tips You Need to Apply to Your Business Today** **1. Preparing for Commercial Cyber-fraud** It should come as no surprise that cybercrime headlines this list of commercial fraud prevention tips. But the fact that 50% of Canadian executives admit that their businesses were hacked last year is alarming. Credit card fraud, identity theft, account takeover and/or hijacking attempts are becoming so common that businesses are hiring full-time staff and/or consultants to monitor cyber security. Cyber-fraud occurs from internal (employees stealing corporate information) and externa