Articles
Curbing Internal Theft: Best Practices In Loss Prevention
April 27, 2010
•White Paper: Curbing Internal Theft: Best Practices In Loss Prevention
By Torex
Financial loss from internal theft has always been a concern for retailers, but in today's economic downturn the stakes are higher than ever before. It's an environment in which the temptations to commit fraud grow stronger every day. Just as retailers like Tesco, Iceland and Marks & Spencer have reported marked increases in shoplifting, so is internal theft by employees on an alarming rise, accounting for more than a third of the shrinkage reported by retailers around the world.
Not only are professional thieves on the move to be hired by retail establishments, but there is also greater temptation for even the most faithful employees to commit fraud if it means paying the bills at home or putting food on the table. Redundancies of in-store workers, particularly security staff, only serve to exacerbate the problem. The result is that internal theft is increasing the world over, diluting profits at a time when retailers already face significant challenges to the bottom line.
Click Here To Download:•White Paper: Curbing Internal Theft: Best Practices In Loss Prevention
