How Business Owners Are Losing Up To $18.4 Billion/Yr. Due To Employee Theft!

Employee theft is an unfortunate risk all small business owners have. Employee theft is costing you and your fellow business owners billions of dollars annually. Employee theft is in the billions of dollars. Employee theft is a growing problem that can no longer be swept under the rug. Employee theft is a problem of considerable size for many companies.

Employee theft is a much more serious problem than you might imagine. Employee theft is a contributing factor in some bankruptcies. Employee theft is a loss few businesses in this economy can recover from. Employee theft is not uncommon in today’s workplaces. Employee theft can be stealing of inventory, currency, fixed assets or it can be related to fraud, forgery, or embezzlement.

Retailers are the most likely victim of internal theft. Retailers are losing more than $14.3 billion to 18.4 billion per year due to return fraud and abuse. Investigation may lead to further refunds or pass offs of merchandise.

Employee theft can be preventd by regular and irregular auditing. Employee theft not only leaches profits from the company, it necessitates higher prices for customers. Employee theft is something that most restaurant owners encounter at one time or another. Employee theft is the number one reason for small business failure. Employee theft is often much less obvious that an employee’s hand in the till.

Employee theft is six times more costly than shoplifting to retailers. Employee theft is easy to spot. Employee theft can take many forms. Employee theft can take many forms from skimming cash to using the vehicle inappropriately. Employee theft is a common crime that is not even regarded as such by most people who commit it.

Employee theft can be a major cost for companies of all sizes. Cameras are great instruments for catching and verifying employee theft . Cameras are great to use to record doors, registers and high theft areas of the store. Stealing can land you in jail and the crime will probably remain on your criminal record for some time. Cash is a dealer’s most vulnerable asset in terms of potential loss.

Cash is the ultimate hot product as it requires no work before the offender can use it. Prevention is the key and plugging gaps in your current way of doing business is an ongoing challenge. Loss prevention can be categorised under three main headings. Loss prevention is one of the most important — and costly components of retail. Loss prevention is the not so glamarous part of Retail.

Employees may steal from their peers, managers, subordinates, any other employee, and even a customer or client. Strange personal behaviors while at work. If employees begin acting secretively or start acting defensive, it may be worthwhile to monitor their behavior a little more closely.

Theft of time can also come in the form of unauthorized use of company computers and personal smartphones by employees on company time. Astonishingly, nearly 80% of those surveyed admitted to engaging in some sort of personal activity via computer or phone while at work. While this type of activity may seem to be done in nominal blocks of time, with five minutes here or there, these minutes add up and may result in hundreds of hours of lost productivity and time for a company over the course of a year. The advent of social media, virtually non-existent in 1999, has further encouraged the theft of time by employees, with 63% of those surveyed admitting to having checked their Facebook, Twitter or similar accounts during work hours.

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For a business, forgery typically takes place when an employee issues a check without proper authorization. Criminals will also steal a check, endorse it and present for payment at a retail location or at the bank teller window, probably using bogus personal identification.

The study also revealed that, although companies have protocols in place to prevent data breaches, many employees often break company policy. Fifty-three percent of companies said employees use company-issued devices to send business-related information to personal email and cloud-based file-sharing accounts, such as Gmail and DropBox.

Employees sometimes falsify records or perform actions that result in receipt of payment for work they didn’t do. Some employees request reimbursement of travel or other expenses unrelated to work such as reimbursement of a business lunch that was actually a personal meal. Employee thieves will also fill out time sheets with hours they didn’t work or take extra breaks and fail to deduct the time. In addition, employees can steal by taking personal phone calls, chatting with co-workers or surfing the Internet for hours instead of working.

All of the methods described above cover intentional data theft by employees. However, an employee may also inadvertently expose confidential data by installing software onto his or her computer. Over half of all respondents to the Ponemon Institute’s survey admitted to downloading personal internet software to their company computers. Many of these programs contain a trojan horse or other malware which seeks out confidential data and copies it to data caches on the Internet for retrieval by unauthorized individuals.

Video Surveillance: The small business owner may consider other, more creative ways of supervising the work area, such as maintaining video surveillance of its employees in the workplace. However, the video surveillance cannot include sound, as surveillance using sound recording has been found to violate an individual’s right to privacy. Video surveillance must be limited to areas which are not inherently private in nature, such as a dressing room or a bathroom.

Fortunately, modern video cameras are affordable and easy to install. Some providers of video surveillance equipment even offer package and volume discounts, saving retail stores even more. Today’s prices and technology advancements make complete coverage of a store a true reality.

Surveillance cameras are highly beneficial in preventing acts of shoplifting, or at the very least, giving your security staff a way to identify people who have shoplifted and left the store. By placing cameras throughout the store, security staff can keep a close eye on customers to ensure they’re not trying to hide goods in their purses, jacket pockets, or other personal belongings. Having these cameras in places where they are visible to customers may also prevent the customer from even attempting to shoplift for fear of being caught.

Good well maintained security systems can significantly cut down on employee theft and help to prosecute those who steal anyways. Good well maintained security systems can significantly cut down on employee theft and help to prosecute those who steal anyways. Place cameras anywhere that your employees are handling money or inventory and closely monitor the recording for issues.

The Smoke Detector Hidden Camera has proven itself for many years to be a great securty camera to use to prove and combat all types of Employee Theft discussed in this article.

Employee Theft The SecureShot Smoke Detector has been professionally re-engineered with a Live-View camera system installed. Available in “Down View” or “Side View”, Hi-Res Color, or Color/B&W with NightVision Invisible IR Illuminators. Great for mounting on wall or ceiling.

The next generation of covert security cameras has arrived. Introducing the SecureShot HD-Live View self contained, high definition, self recording system with Wi-Fi. No need for outdated receivers or extra connections to your PC or router.

Normally when you buy an WiFi enabled camera you have to configure it on your wireless router and have a computer somewhere co-located where the camera is to record the video. With the SecureShot HD-Live View Smoke Detector, setup is a breeze with no hassles at all and recording done on board so there is no longer any need for a computer anymore. You will not find the SecureShot HD-Live View Series anywhere on the Web. We custom make these cameras and we blow away any security company on the planet with the most innovative covert camera, the SecureShot HD-Live View Smoke Detector!

Absolutely AMAZING video quality. Watch your kids, business or your cheating spouse from your Smart Phone while being recorded on a SD card that is hidden by a secret trap door. The SecureShot HD-Live View Series cameras are the most covert surveillance cameras in the world today. No one can come close to this covert hidden camera!

A business can have up tp 12 of these IP internet enabled smoke detector cameras installed to give the business owner the best chance to recoup their losses. The only requirement is to connect the smoke detectors power supply cable to a 110v outlet. This Smoke detector can also be purchased with a 2-day swappable battery for quick and portable theft prevention.

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