When it comes to the organized crime gangs that wreak havoc on retail stores, inventory and the bottom line, retailers are getting more aggressive in their efforts to fight the problem.
According to the 2015 Business Risk Survey, business leaders are most concerned about potential risks associated with healthcare costs and cybersecurity threats to their organizations.
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.
Mention cybersecurity and immediate thoughts turn to technical controls such as firewalls, endpoint detection and patching systems. While these and other technical controls certainly are necessary, they must work in tandem with administrative and physical controls in order to form a mature risk mitigation program. This month, we will explore some of the physical aspects of cyber risk management, which inherently relies upon on-site security personnel and employee training for proper execution.
If you figure that a better economy these days means less metal theft, think again. Theft of copper, aluminum and other metals continues as people see a way to easily make money to buy drugs or other uses.
Three-million offensesagainst UK retailers in 2014 racked up direct costs of £603 million ($913 million U.S.) in 2014 – while the number of in-store thefts fell by four percent, the value per incident climbed 36 percent.
