White-collar crime is on track to cost the USA more than $300 billion annually, with the trend steadily growing as technology takes a prominent role in day-to-day business, according to the FBI. White-collar crime is defined as nonviolent financial crimes – commercial or consumer fraud, embezzlement, bribery, etc.
Recently, Mike Levy, Chief of Computer Crimes, U.S. Attorney’s Office, presented “White-Collar Crime: Are You At Risk?” to Fort Washington Business Alliance (FWBA) members at Talamore Country Club in Pennsylvania. Mr. Levy shared how businesses can proactively prevent cyber-crime by managing disgruntled employees, installing software updates and uncovering phishing scams.
