Global Chamber® New York City hosted “Fraud: The Silent Assassin – Practical Defenses for Business Owners." The globinar was led by financial and risk experts from CBIZ and BMO, discussing the growing global impact of fraud, including how organizations of all sizes are vulnerable to financial loss, operational disruption, and reputational damage.
Experts Steven Nicokiris of CBIZ Advisory Services, Amy Legaard and Kevin Brown of BMO, with moderator Susan Assadi of Global Chamber® gave real-world examples.
They also provide practical strategies businesses can implement to reduce risk and strengthen protection.
🎥 Watch the YouTube recording HERE
Speakers highlighted that fraud is not limited to large corporations — small and medium-sized businesses are also frequent targets. Topics included internal fraud, payment fraud, banking security, employee risks, and operational safeguards.
One of the key takeaways from the session was that many fraud prevention measures are relatively low-cost and highly effective, including tools such as positive pay systems, stronger verification procedures, and background checks.
The discussion also emphasized the importance of education, awareness, and proactive planning to prevent fraud before it becomes a crisis.
The Globinar reinforced that fraud prevention is now a critical business priority across industries, and that organizations should regularly review their financial controls, banking procedures, and internal systems.
Originally published at https://www.globalchamber.org/blog/2026/05/23/global-chamber/experts-from-cbiz-and-bmo-share-strategies-to-prevent-business-fraud/
