Preventing Employee Theft in the Workplace

Employee theft is unfortunately a problem that a lot of businesses face and shockingly, 95% of all businesses have been impacted by this crime. Employee theft is any instance an employee steals assets from their place of work. 

The most common types of workplace fraud include: 

• Embezzling: when a trusted employee steals funds from their employer’s account
• Larceny: when an employee steals personal property
• Data theft: any time an employee steals sensitive data 
• Time theft: when an employee logs and gets paid for time they did not work
• Skimming: when an employee steals money from an employer before it gets logged
• Intellectual theft: any time an employee steals ideas or sensitive information from an employer 

It’s hard to believe that these types of crimes are as common as they are. Unfortunately, companies lose about 5% of their revenue to employee theft each year. 

So how can you stop these crimes from happening at your company? Check out this infographic created by JW Surety Bonds to learn more about workplace theft and ways to prevent it.