094 | Fraud Happens Fast: What Every Business Owner Needs to Know with Megan Kinney

Aug 26, 2025

Ask episode

Chapters

Transcript

Episode notes

Are you unintentionally leaving your business vulnerable to fraud or cyberattacks? In this episode of the Vital Wealth Strategies Podcast, host Patrick Lonergan sits down with trusted expert Megan Kinney for a powerful conversation about financial protection and operational safeguards every entrepreneur should know. From sophisticated fraud to internal embezzlement, this episode pulls back the curtain on the real risks business owners face, and offers clear, practical strategies to help prevent costly mistakes before they happen.

Patrick and Megan explore how adding the right amount of friction to your financial systems can actually protect your profits, and why it’s crucial to rethink the information your business shares publicly. They discuss the importance of audits, team training, and mindset shifts that can help entrepreneurs stay secure in an increasingly risky world. If you're serious about building a resilient business, minimizing loss, and maximizing confidence in your operations, this is an episode you won’t want to miss.

Key Takeaways:

Why sharing too much information online can make your business a target

How to create "friction" in financial processes that protect you

The dangers of internal fraud and how to spot early warning signs

The value of third-party audits and quarterly financial reviews

Why law enforcement can’t always recover stolen funds and what to do instead

The mindset shift entrepreneurs must adopt to protect and scale effectively

Resources:

Visit www.vitalstrategies.com to download FREE resources

Listen to the podcast on your favorite app: https://link.chtbl.com/vitalstrategies

Follow on Instagram at https://www.instagram.com/vital.strategies

Follow on Facebook at https://www.facebook.com/VitalStrategiesPodcast

Follow on LinkedIn at https://www.linkedin.com/in/patricklonergan/

Credits: