Latest Security - Employee Topics

The FDIC reports that at the end of 1996 there were 9,528 main offices of commercial banks in the United States, with 57,788 branches.

There are $400 billion worth of checks each year payable to phone companies, utilities, insurance companies and other regular billers, according to Visa U.S.A., with only 1% of such invoices being

One of the more particularly aggravating problems to a security officer, an audit officer, and to administration is the lack of prosecution of internal crime and bank fraud.

If Audit needed an example for why periods of absence are required for every employee, they got an important one recently.

by Joseph T. Wells, CFE, CPA

By Special Agent James Kaiser, U.S. Secret Service

The national average rental on a 10 inch by 10 inch safe deposit box in a financial institution is $66.06, according to MONEY magazine.

A recent FDIC/General Accounting Office statistic revealed that 83.3 percent of all bank losses are attributed to internal fraud.

A family with a $24,000 annual income would spend about $396 a year on financial transactions if they used a check cashing outlet.

New Criminal Referral Form Issue Date Unknown
The new Interagency Criminal Referral Form (CRF) completion and distribution date has been put off again-this time indefinitely.