The statistics of internal theft are staggering: The latest National Retail Security Survey states that 33.2% of losses to retailers are attributed to theft by employees. The Association of Certified Fraud Examiners (ACFE) reports that 5% of revenues of a typical organization are stolen by company workers. The average internal fraud scheme goes undetected for […]
Small-business owners aim to hire trustworthy workers, but companies must be aware that theft will occur. Understanding common ways employees steal requires that you look at the type of items thieves go after and the methods used to take them. Theft can have a significant impact on a small business and can even result in […]
Whether it’s downloading and sharing company confidential information (a hot topic these days), manipulating expense reports, or stealing merchandise- employee theft and fraud is a serious issue for business owners. In fact, studies show that occupational fraud now results in the loss of five percent of an organization’s annual revenue. Here are some tips for […]