Fraud Prevention

How to Protect Yourself Against Fraud

Becoming a victim of fraud or identity theft is more likely than you might expect. Fraudsters work overtime to trick you out of your hard-earned money. 

If you unfortunately are the victim of fraud or identity theft, there are important steps you should take to repair your credit and financial identity. The resources below are tips from CPAs that can help consumers prevent, report, and recover from fraud.

Ways to Avoid & Detect Fraud

J Educate yourself on common scams so you can protect yourself and loved ones.

J Pay close attention to your financial statements and credit score. 

Verifying Licensed Professionals

Check if the person you’re working with is officially licensed.

Protecting Yourself Against Tax Fraud

IRS-PICPA Partner to Educate on Tax ID Theft
Your tax security is always at risk - whether it's holiday shopping or tax season. This press conference features tips from CPAs, the IRS, and the Pennsylvania Department of Revenue. 

Battling Tax Identity Theft
Many people are aware of the dangers of identity theft, but they may not realize how quickly it is growing or the numerous areas in which it can occur.


  • Jim DeLuccia

    Protect Your Kids’ Financial Future: Freeze Their Credit for Free

    The Economic Growth, Regulatory Relief, and Consumer Protection Act went into effect Sept. 21, 2018. One of its key provisions grants consumers the ability to freeze their credit, free of charge. PICPA member Tami Noll Russo explains how this is a huge benefit for families with children.
    Full story
  • Paul Pocalyko photo

    Credit Card Security Must Be a Priority on Vacation

    Summer season is upon us, and many are about to embark on much anticipated travel plans. Some vacationers will enter the trifecta of credit card number theft locations: airports, restaurants, and hotels. Vacations are supposed to be a joyful time, so you don’t want to be a victim of fraud.
    Full story

Protecting Your Loved Ones

Elder FraudElder Abuse and Money Mistakes - What to Do and Where to Go for Help
Here are a couple of examples of what can happen to our elderly friends and family if nobody is paying attention.

Fraud Prevention for Seniors

While seniors make up 11 percent of the population, they represent 30 percent of consumer fraud cases and 50 percent of telephone fraud. The reason for their susceptibility to fraud is due to several factors.

How to Protect Your Children Against Identity Theft
You are probably aware of your own risk of identity theft, and maybe even have taken some precautions to guard your personal and financial data. But what about your children?

Help Our Seniors Watch Out for Elder Fraud
Senior citizens, many of whom were raised to be polite and trusting, own their homes, have a nice nest egg of assets, and possess excellent credit ratings, are far too often victims of fraud.

Financial Fraud & Seniors: What You Need to Know
For seniors living on a fixed income, stretching their money is critical. This makes seniors particularly vulnerable to people who are intent on separating them from their hard-earned dollars.

Watch for These Four Types of Elderly Fraud
Four types of fraud senior citizens should look out for, as well as tips for avoiding them.

Senior Citizens Fraud Alert_Web Banner

Many senior citizens have accumulated a lifetime of assets, which makes them a prime target to fraud or financial abuse. 

Download Guide

Protecting Your Business

Top 10 Fraud Schemes Revealed
Fraud schemes are often categorized in three ways: fraudulent financial reporting; misappropriation of assets; and other (for example, corruption frauds).

When a Fraudster Calls from Within
Lurking in the shadows, traditional in-house fraud remains a rampant and often undetected problem. Stealing from employers is still a common threat in the business environment, and small businesses can be most at-risk.

Don't Let Friendly Feelings Set Your Business Up for Fraud
The phrase “segregation of duties” is used by CPAs every day, but what does that mean to the small-business owner? And why is it so important anyway?

Means, Motive, Opportunity: It's Always the Ones You Trust
Any closely held business that operates without adequate segregation of duties is exposed to the risk of embezzlement. This vulnerability is exploited to devastating effect.


Are You Doing Enough to Protect Your Data?
As technology has grown at an exponential rate, businesses have employed many new products over the past 15 years that have contributed to financial success. However, with every advancement in technology comes potential risks of uncertainty and data loss.

Handle with Care: Business Responsibilities for Sensitive Data
With recent personal data breaches at large retailers such as Target, Home Depot, and K-Mart, we are all feeling exposed to identify theft scenarios. Now is a good time to revisit your sensitive data protection practices.


Ask a CPA -Fraud and ID Theft Q&As

Fraud Tips

  • Protect Your Business from Cybersecurity Concerns

    Recognize the potential exposure to security breaches when dealing with digital transactions and communications for your small business.
  • Eldercare Dos and Don’ts

    When caring for your elders and their finances, don't forget to look out for all of their financial documents, opportunities for deductions, and places where they may be at risk for fraud.
  • Watch for These Four Types of Elder Fraud

    The Pennsylvania Institute of Certified Public Accountants warns senior citizens of four types of fraud they should look out for, as well as tips for avoiding them.

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