New England’s small- and medium-sized restaurants (and other businesses) face a persistent internal problem: employee theft. Luckily, there are measures you can take to prevent it.
National statistics of employee-on-employer crime are sobering, according to a Forbes article. The U.S. Chamber of Commerce estimates that 75 percent of employees have stolen from their employers at least once. Companies with 150 employees or less are particularly vulnerable to internal financial or data theft, as well as other similar crimes.
The Chamber also determined that roughly 30 percent of business failures are caused by employee fraud and abuse. The toll of workplace thieving to the United States economy is some $50 billion annually, says a CNBC article (citing a statistic from Statistic Brain).
Cash on Tap in Restaurant Business
Because the bar and restaurant industry is often a cash business with few paper trails — one that relies heavily on people-intensive processes — there is an especially high risk of employee fraud and outright theft. There are many vulnerable points, from servers to wait staff, bartenders to kitchen help, all the way to the back office employees.
Vacation coming? Protect your home while you’re away so you can really relax and enjoy yourself. This requires addressing both physical and cyber protection challenges. Naturally, burglars in New England want to get the easiest targets possible, as the Ashland, Massachusetts, police point out. They know where to go to find them: social media.
Once, crooks would look for obituaries to target houses, knowing when the residents would be out at a funeral. Now, convicted burglars themselves believe that 75 percent of their thieving colleagues are leveraging social media to locate marks, according to a Virginia-based law enforcement website. Read more
Roughly 30 percent of Americans are victims of package theft according to ABC. With Cyber Monday sales estimated to have hit a whopping $8 billion, the opportunities for grab-and-go package thefts are just going to get worse. Ultimately, the threat of such thieves could put a dent into e-commerce itself, says an Inc. article. Read more
As the holiday retail season approaches, retailers and supermarket owners of all sizes in New England must defend themselves against theft. As a retailer, there are many steps you can take, including adding electronic surveillance systems throughout your store.
While the holiday season provides 34 percent of annual retail sales, it also accounts for 37 percent of yearly shrinkage, as a Forbes article notes. The biggest contributors to shrinkage are shoplifting and employee theft. Read more
Security and peace of mind for parents and other seniors is priceless. Accident and injury to elders frequently goes unreported, and many are unaware of the risks to their senior family members and friends.
Seniors want to spend their days comfortably and without worry or fear of the unexpected — not just from unwanted intruders or burglars, but from fires, falls and other types of injuries to which the elderly are especially prone. Fortunately, there are affordable and viable ways to protect seniors 24/7, via surveillance/monitoring and alarm systems. Read more
School is out and that means less activity in school buildings. Installing security cameras around campus will ensure that buildings are safe from vandals during the summer months. If your campus needs a security upgrade there is no time like the present. Read on for some of the reasons why. Read more
Residential property managers all around New England know warmer weather means more activity at the community pool, gym, pub and recreation room. This hustle and bustle is a good opportunity to showcase property amenities as welcomed guests spend the night or the weekend. However, with the warmer weather comes unwelcome guests crashing parties, enjoying the pool or stealing valuables. To protect residents from these intruders most property managers invest in business security systems that include an access control system and HD-quality video surveillance. The more advanced systems are integrated with the buildings IP network allowing all security components to work together. However, IP video networking and HD resolution have little impact if video camera installation and maintenance are substandard.
The construction industry is booming and shows no sign of slowing down. In fact, the Bureau of Labor Statistics projects it will be one of the fastest growing industries by 2020. All that construction is great for the economy. It will create new residential and commercial properties and provide more construction jobs to the labor force. One disadvantage will be the increase in vandalism and theft on sites. Read more
Whether it’s an office, school or apartment building, secure access control is a concern for everyone. For property owners, the responsibility of keeping residents and property safe from criminals is a top priority. Surprisingly, most burglars choose the most obvious and simple ways to break in. The most common time for a break in to happen is between 10 am and 3 pm and they usually go right through the front door. If they are bold enough to do that in broad daylight, they probably have no reservations about sneaking through the gate of a complex. Read more