Preventing Employee Theft During Economic Hardship

Description

Security leaders know that employee crime increases in a down economy. The latest U.S. Commerce Department statistics demonstrate just how bad it is right now: the price tag for staff theft and fraud tops $40 billion per year for American business.

The pressures have never been greater on security leaders to take proactive steps to prevent theft of company equipment, supplies, merchandise, petty cash, etc. Security must also anticipate and respond to a growing problem of theft among employees.

Security executives must implement the most effective and efficient approaches from the arsenal of tactics and systems available.

Listen as our panel of veteran corporate security leaders and knowledgeable consultants offers you their most successful tactics to prevent employee crime.

Outline

1. Preventing theft through effective screening and monitoring of employee activities
   1. Background checks
   2. Other employment-screening strategies
   3. Using surveillance to monitor employees
   4. Staying alert to shifts in staff morale
      1. Communicate with HR, other departments
      2. Take economic pressures into account
2. Internal policies and controls to prevent and anticipate theft
   1. Communicating consequences of theft to employees
      1. Make seriousness clear
      2. Work within your company’s corporate culture
   2. Leveraging access control systems
   3. Surveillance systems in asset-rich areas
   4. Industry-specific and company-specific tools
      1. Point-of-sale systems
      2. Inventory tracking
      3. Other examples
3. Anti-theft techniques, in-depth
4. Investigating and clamping down on theft if it is detected
   1. Strategies for conducting effective internal investigations
   2. Interrogation of suspected employees
5. Containing and detecting more serious crimes
   1. Fraud detection and prevention strategies
   2. Protecting the company’s sensitive information
   3. Adapting investigation and interrogation techniques for executive- and management-level employees
6. Monitoring and preventing employee-on-employee theft

Benefits

The panel will give you valuable experiences and guidance in these and other high-priority initiatives:

• Conducting effective random inspections and audits.
• Recalibrating camera and access control systems to protect high-risk areas.
• Working with all departments to develop more effective internal inventory and cash-handling controls.
• Closely monitoring periodic inventory shortages.
• Enlisting all workers in the effort to minimize internal theft of any kind.

Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.

Security CPE Credits

This teleconference may be eligible for Security CPE credits for ASIS recertification for the CPP, PSP or PCI credentials.