Security departments across the geographical division have their hands full.


Security departments across the geographical division have their hands full. Not solely do they have to combat breaches of security from non-employees, on the contrary also they have to fight security breaches from within.

Employee thefts account for more than half of the financial losse incurred on companies. According to the U Chamber of business 30 percent of business failures terminate from employee theft with more than $120 billion missed annually to American companies.

Richard Gibbins, senior vice president of Swailes & Co a Houston-based investigative and security consulting business, says more companies than forever are being targeted by their employee Several factors have helped contribute to the criminal proper sphere including a climate of merger and acquisitions and cost-cutting that has caused workforce reductions and layoffs; a grave unemployment rate which has narrowed the mere of qualified applicants; and lack of theft prevention policies, steps and education at many companies.


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