Employee theft is a constant threat for all business. It doesn'tmatter if the organization is big or small, public or private, allare vulnerable. Long-term employees offer no protection eithersince they are actually more likely to steal from an employer.Whether it involves convoluted schemes with fake vendors andinternational wire transfers, the classic theft from petty cash orforging checks, duplicitous employees will always find a way totake what isn't theirs.
The costs of employee theft are huge. The typical organizationloses 5 percent of its revenue to fraud each year. That's aprojected global loss of $3.7 trillion annually. (See the Associationof Certified Fraud Examiners' Report to the Nations on OccupationalFraud and Abuse for more details.)
Employee theft happens in all industries
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