Protect and Prevent: 4 of the Most Common Ways Businesses Can Experience Theft

Thieves are commonplace in the business world. We're more than aware of the impacts of data breaches, but when we’re looking to protect our business, there’s a benefit in understanding the most simple methods. We are all vulnerable to theft regardless of the size of our organisation. Here are some of the most common methods that thieves will use to steal from businesses.
Employee Theft
It is important to differentiate between the different types of theft, and when an employee takes something from the business without permission it can be difficult to deal with. You may believe that you could have done more to prevent employee theft by enlisting the help of a security company, but it's critical to offset this at the very outset of the recruitment process by conducting background checks. Employee theft can come in different forms, such as fraudulent activities or passing on information to external individuals.
Skimming
Skimming has gained a lot of ground in recent years and involves people using devices to steal credit card information from unsuspecting customers which are usually attached to ATM machines or even at point-of-sale terminals. It is a very sophisticated method of theft, which can cause a lot of irreparable damage and can reduce the level of trust between the customer and the business.
Fraud
Fraud is another way that thieves can steal from businesses. Employee fraud can be conducted from within, but there are also instances of fraud by people creating false invoices or billing the customer for services they did not receive. These can be very difficult things to spot as the false invoices mimic the real ones, but this is where, similar to phishing scams, you may want to pay more attention to the grammar and spelling.
Cyber Theft
Cyber theft is becoming far more widespread in the modern world. It is critical for businesses to make sure they keep their security operations watertight. Enlisting the help of an IT support company to make sure that there are no gaping holes in their digital armour can make a massive difference to mitigate the major impacts on a business. From stolen information to a lack of trust between customers and businesses, it's important to make sure that you are giving your company a greater level of support when it comes to digital practices.
One of the biggest oversights in terms of cyber theft is thinking they are not going to be preyed upon by hackers. The problem is that many small businesses find themselves operating with cheaper infrastructure due when they think this, but when a hacker gains access to businesses with primitive security measures, this will have a detrimental impact on your success because you will have to not just spend more money upgrading your systems, you will lose the trust of your employees, but you could also find yourself being fined for not conducting diligence.
These are some of the most common methods of business theft and ensuring you understand some of these gives you a greater insight into how you can protect your business better.









