• Retail theft rose by 5.9% in 2009, the biggest increase since 2001.
• But it's not the shoplifters retailers have to worry about.
• Dishonest employees steal about 6.6 times more than shoplifters.
• In fact, one out of every 28 retail employees was caught thieving in 2009.
Need a laptop? Just grab one from the office• But it's not the shoplifters retailers have to worry about.
• Dishonest employees steal about 6.6 times more than shoplifters.
• In fact, one out of every 28 retail employees was caught thieving in 2009.
• In 2005, theft of office equipment cost employers $550 million.
• By 2007, it cost employers $656 million.
• By 2009, it cost $747 million.
• Want that equipment back?
• Good luck.
• 96% of stolen office equipment is never recovered.
Often, the most dangerous culprit is someone on the inside• By 2007, it cost employers $656 million.
• By 2009, it cost $747 million.
• Want that equipment back?
• Good luck.
• 96% of stolen office equipment is never recovered.
• According to Forrester Research, employee theft of sensitive information is 10 times costlier per incident than any accidental sharing of sensitive data.
• Forrester recommends, “Enterprises should focus more of their resources on stopping the most damaging incidents: deliberate theft by insiders and abuse by outsiders.”
What other crimes should businesses watch out for?• Forrester recommends, “Enterprises should focus more of their resources on stopping the most damaging incidents: deliberate theft by insiders and abuse by outsiders.”
• Theft and fraud costs businesses $40 billion a year.
• It happens without guns, without violence and often, without detection.
• And 40% of these crimes are committed by trusted employees – not strangers.
Any organization could be a target• It happens without guns, without violence and often, without detection.
• And 40% of these crimes are committed by trusted employees – not strangers.
• It's not just consumer goods and laptops up for grabs.
• Companies need to protect their proprietary secrets, knowledge and processes that:
• Generate revenue
• Increase profits
• Provide competitive advantage
• This information can be stored almost anywhere, from Word documents and presentations to CAD drawings and flowcharts.
How much is that data worth?• Companies need to protect their proprietary secrets, knowledge and processes that:
• Generate revenue
• Increase profits
• Provide competitive advantage
• This information can be stored almost anywhere, from Word documents and presentations to CAD drawings and flowcharts.
• Knowledge-intensive industries accrue 70 to 80% of their portfolio value from proprietary data and secrets.
• What industries are we talking about?
• Manufacturing
• Information services
• Professional, scientific and technical services
• Transportation
• When their important data is stolen, leaked or misused, the impact can be catastrophic.
Visit www.millennium-groupinc.com for information on how to prevent internal theft and fraud.
• What industries are we talking about?
• Manufacturing
• Information services
• Professional, scientific and technical services
• Transportation
• When their important data is stolen, leaked or misused, the impact can be catastrophic.
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