Nearly 72 percent of U.S. federal actions involving employee theft in 2014 involved small businesses – organizations with fewer than 500 employees, according to the 2015 Hiscox Embezzlement Watchlist. Within that group, four of every five victim organizations had fewer than 100 employees, and more than half had fewer than 25 employees.
More than 1.2 million shoplifters and dishonest employees were apprehended in 2014 by just 25 large retailers who recovered over $225 million from these thieves, according to the 27th Annual Retail Theft Survey conducted by Jack L. Hayes International.
"2013 was a gangbuster year for embezzlement in the United States, exceeding even 2012’s previous record pace,” says Christopher T. Marquet, author of The 2013 Marquet Report on Embezzlement, released in December 2014. “What is remarkable is depth, magnitude and frequency of employee theft in the U.S. economy. Vermont topped the list of highest embezzlement risk states in the nation for the third time in six years.”
Led by CEO Al Grasso, The MITRE Corporation is paving the way to practical solutions for critical challenges in the U.S. while helping to foster talent, innovation and security for future generations. Learn more about this organization’s methods and mentorship in the October issue. Other topics in the October issue include profiles on the Port of Los Angeles and Seattle Children’s Hospital, 4K video surveillance tips and technology, security career advice and more.