Loss Prevention Threats and Strategies: How People Steal From Your Business and What You Can do to Stop It [Paperback]

Thomas N. Monson (Author), Sarah Kaip (Author), Jerry Antoon (Author)

Book Description

Publication Date: July 2004

The annual survey of American Corporations conducted by Pinkerton Consulting & Investigations Inc. revealed the top 20 security threats to businesses. Those threats are compiled into this comprehensive loss prevention manual. You will learn the ways people can destroy your profits and what you can do to eliminate the threats. It details shoplifting, credit card fraud, identity theft, employee theft, vendor theft, workplace violence, and many topics you won't find in any other loss prevention book. Most importantly, it gives you strategies to reduce or stop these losses. Learn how to: guard against robbery, theft and burglary in your business: fight fraud; protect your information from espionage, hacking, and disasters; increase safety procedures to decrease accidents; stop violence and harassment; conduct background checks including criminal, credit, driving, and drug tests; avoid litigation.

Editorial Reviews

Review

"This book should be read by every business owner in America. Those who don't will suffer the consequences of theft." -- Jerrold Antoon, Security and Crime Prevention Department, Fox Valley Technical College

"This book would be an excellent guide for crime prevention officers as well as security consultants serving small-business communities." -- Joseph P. Gargan, ASISONLINE.org Magazine, May 2005

"This is a great resource for business owners. It is the only all inclusive loss prevention book I have seen." -- John Hanke, Joliet Police Department, Joliet, IL

Excerpt. © Reprinted by permission. All rights reserved.

Identity theft is today’s fastest growing white-collar crime. In the year 2002, complaints received by the Federal Trade Commission nearly doubled from the year before. They now receive about 3,000 complaints a day.

Surprisingly, the top cause of identity theft is not stolen wallets and purses. It is not mail theft. Nor is it trashcan digging or email scams. The most popular form of I.D. theft is the pilfering of records from personnel files and customer information in the workplace.

Only a handful of lawsuits against companies for negligent management of employees’ personal information have surfaced so far. However, with the rapid rise of identity theft, combined with the endless frustration of victims, the number of lawsuits is expected to increase significantly in the coming years. This is not good news for you. Juries, which are more likely to be composed of workers rather than employers, do not like this issue and tend to favor victims over companies.

Ligand Pharmaceuticals settled a lawsuit with employees who were victims of ID theft. The employees claimed Ligand was negligent for failing to protect their personal information. An employee found a box of personnel records kept in a storage area and used the information to obtain 75 credit cards and to rent apartments. More than 35 employees were victims, and they spent endless hours and lots of money repairing the damage to their credit.

If you find yourself in the middle of such a lawsuit, your company could suffer significant financial loss as well as damage to your reputation. If customers and potential customers see that you were negligent in protecting sensitive information about your employees, they may conclude that their own information (such as credit card numbers) will also be handled carelessly. You could lose the trust of both your employees and your customers.

This chapter will give you some tips on how to handle sensitive employee and customer information more cautiously. It will also give advice on what to do if one of your employees becomes an identity theft victim.

Product Details

• Paperback: 276 pages
• Publisher: Advantage Source (July 2004)
• Language: English
• ISBN-10: 0974383015
• ISBN-13: 978-0974383019
• Product Dimensions: 8.9 x 7 x 0.9 inches
• Shipping Weight: 1.4 pounds
• Average Customer Review: 4.5 out of 5 stars  See all reviews (2 customer reviews)
• Amazon Best Sellers Rank: #605,606 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

3 of 3 people found the following review helpful:

5.0 out of 5 stars An absolute "must-read" for any business owner, October 30, 2004

By 

Midwest Book Review (Oregon, WI USA) - See all my reviews

This review is from: Loss Prevention Threats and Strategies: How People Steal From Your Business and What You Can do to Stop It (Paperback)

The collaboration of business security experts Thomas N. Monson and Sarah Kaip, Loss Prevention Threats & Strategies: How People Steal From Your Business And What You Can Do To Stop It is a detailed analysis of the top 20 security threats to American corporations, and means by which business owners and executives can prevent shoplifting, credit card fraud, identity theft, employee and vendor theft, embezzlement, workplace violence, and much more. A solid, practical guide emphasizing the crucial importance of instituting policies to protect from both external and internal theft, as well as lawsuits that can result from everything from accidents to sexual harrassment, workplace violence, employee discrimination, neglegent hiring, and much more. An absolute "must-read" for any business owner in today's dangerous, litigatious, and all too greedy world.

4.0 out of 5 stars Good ideas!, October 10, 2009

By 

Daniel "danny" (Thailand) - See all my reviews

Amazon Verified Purchase

This review is from: Loss Prevention Threats and Strategies: How People Steal From Your Business and What You Can do to Stop It (Paperback)

I really like this book. It has helped me. If you have experienced theft within your company this book is for you.