Internal fraud drains approximately $4 trillion annually from global businesses, according to recent estimates, and not-for-profit organizations are not exempt. The median loss suffered by a not-for-profit group victimized by fraud was $90,000, according to the 2018 Report to the Nations by the Association of Certified Fraud Examiners (ACFE). Although organizations can experience pilferage from…
For smaller or start-up nonprofits, infrastructure elements like information technology (IT) are often small and uncomplicated allowing the greatest flexibility and economy. The bad news is that while the organization is saving money, aging IT systems lack critical security features as well as the strategic and functional advantages enjoyed by peers who have prioritized IT…