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I spend my days inside fraud networks most Americans never see — dark web forums, Telegram channels and marketplaces where stolen identities are bought and sold like commodities. I study them because understanding how these systems work is the only way to stay ahead of them.
What I’m seeing right now should concern every American.
Iran, North Korea, Russia and China are not just conducting cyberattacks against the United States. They are running coordinated financial fraud operations inside our system — deliberately, systematically and in ways our defenses were never designed to detect.
This isn’t ordinary crime. It’s statecraft.
ALARMING RISE OF FAKE LEGAL REQUESTS: WHAT IT MEANS FOR YOUR PRIVACY
Iran and its allies Russia, China and North Korea are using cyber crimes to push a financial war against the US. (Fox News)
While policymakers…
PROCUREMENT & EXPENDITURE (STOPPING KICKBACKS)
Procurement fraud usually involves inflated invoices or “fictitious” vendors.
- The Three-Way Match: Never pay an invoice unless you have matched the Purchase Order (PO), the Delivery Note (signed), and the Supplier Invoice.
- Vendor Master File Review: Review your vendor list annually. Look for suppliers with the same bank details or physical addresses as your employees.
- Dual Authorization: Implement a “Two-to-Sign” rule for all EFT payments above a certain threshold (e.g., R5,000).
- No “Cashing” of Checks: If you still use physical checks, strictly prohibit “Cash” as a payee and store blank checks in a dual-lock safe.