employee theft

Items Tagged with 'employee theft'

ARTICLES

Supporting Loss Prevention in Retail

April 14, 2020

In retail, brick-and-mortar stores experience loss or shrink due to shoplifting, fraud, employee theft and human error. To mitigate against this, many have dedicated loss prevention (LP) personnel who use a variety of tools, including in-store video surveillance systems and point of sale (POS) systems, to deter and investigate theft. But, despite the continued best efforts of LP teams, shrink is on the rise.

Shoplifters and Dishonest Employees Continue to Steal, with Case Values Soaring

June 7, 2019

More than 279,000 shoplifters and dishonest employees were apprehended in 2018 by just 20 large retailers who recovered more than $114 million from thieves.

Survey: 32% of Coworking Tenants Experienced Theft from Ex-Coworker

October 1, 2018

Coworking spaces are extremely popular with millennials in particular (68 percent of coworking tenants are millennials), and two-thirds of coworking tenants in this age group are interested in unlocking doors with smartphones over traditional methods.

City of Detroit Employee Pleads Guilty to Stealing $265,000

May 16, 2018

Masharn Franklin was in charge of garnishing money from the paychecks of city employees, and the government says she embezzled money by issuing checks in the names of her relatives.

Insider Threat: Why Physical Security Still Reigns

Cybersecurity gets much attention, yet physical security and investigations are still a key element in enterprise security, particularly with insider threats

Diane Ritchey

May 1, 2018

With all of the attention placed on cybersecurity, where has physical security gone?

Employee Theft Security Magazine November 2017

Employee Theft Costs U.S. Businesses $50 Billion per Year

November 1, 2017

U.S. businesses affected by employee theft lost an average of $1.13 million in 2016. Small and midsize businesses accounted for 68 percent of cases, and their median loss last year was $289,864.

Employee Theft Cost US Businesses $1.13 Million in Losses

August 23, 2017

US businesses impacted by employee theft lost an average of $1.13 million last year, according to the 2017 Hiscox Embezzlement Study.

Most Employee Theft in SMB Occurs in Financial Services Industry

July 12, 2016

Seventeen percent of employee theft in organizations with fewer than 500 employees occurs in the financial services industry, according to a new report.

Shoplifters and Dishonest Employees Has Increased in 9 of the Past 10 Years

June 22, 2016

More than 1.2 million shoplifters and dishonest employees were apprehended in 2015 by just 25 large retailers.

Small Businesses Get Hit Hardest by Employee Theft

July 1, 2015

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 Articles Tagged with 'employee theft'

Security leaders need to accept and act on this reality and take measured and thoughtful steps to mitigate the risk and train staff about the growing likelihood of such violent incidents in their facilities and workplaces.

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