• Minimizing Risks from Contractors and Temporary Employees
    Security Magazine (07/01/15) Zalud, Bill

    Companies rarely consider the negative security implications that come with working with contractors and subcontractors. This can be a very big mistake. There have been multiple high-impact examples of contractors revealing sensitive information, most famously Edward Snowden burning the NSA. There are a few ways for companies to make sure they are hiring only the best contractors. Make background checks a priority. Thomson Reuters has a tool called CLEAR, which provides public and proprietary records with real-time data, graphical connections between people, addresses, and numbers, integrated web searching, and customized reports. Another firm called HireRight provides criminal background checks, verifications, and drug and health screening. Companies should also check social media before contracting anyone. Ultimately, the goal should be to treat temps and contract workers the same way you would in-house employees. They all bring the same potential threats the table and only a thorough review can weed out the good options from the very bad ones.

    Web Link

  • Theft Cost Retailers $44 Billion Last Year, Report Finds
    Los Angeles Times (06/24/15) Shively, Nick

    Businesses lost an estimated $44 billion in 2014 because of shoplifting, fraud, or administrative error, according to a report from the National Retail Federation. Shoplifting accounted for 38 percent of the losses, while employee theft followed at 34.5 percent. The average shoplifting incident cost retailers $317.84, according to the report. Department stores suffered the highest average losses and grocery stores had the lowest average losses. Despite the high number, 62.7 percent of retailers surveyed said their losses either decreased or remained steady compared with previous years. Bob Moraca, the retail federation’s vice president of loss prevention, said shoplifters look for physically small, but higher-end items, including razor blades, teeth whitening strips, or other expensive beauty products.

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  • London (CNN)British police investigating a spectacular heist in the heart of London’s jewelry district said Friday they knew a burglar alarm went off but didn’t respond.

    Southern Monitoring Alarm Company called the Metropolitan Police Service, also known as Scotland Yard, at 12:21 a.m. April 3 to report that the burglar alarm had been activated at Hatton Garden Safe Deposit Ltd., MPS said in a prepared statement.

    “The call was recorded and transferred to the police’s CAD (computer-aided dispatch) system,” the statement said. “A grade was applied to the call that meant that no police response was deemed to be required. We are now investigating why this grade was applied to the call. This investigation is being carried out locally.

    “It is too early to say if the handling of the call would have had an impact on the outcome of the incident.”

    The theft was so big that police haven’t come up with a value for what was stolen.

    Over the four-day Easter holiday, an unknown number of thieves broke into the vault of Hatton Garden Safe Deposit Ltd. and might have been able to take as long as four days to rifle through the boxes.

    A former police official in London has speculated that the loss could run to £200 million, or $300 million, in a remark widely reported by news media.

     

    http://www.cnn.com/2015/04/10/europe/london-hatton-garden-heist/index.html

  • 2013: Highest Rate of Employee Theft in 6 Years
    Security Magazine (02/15)

    According to the 2013 Marquet Report on Embezzlement released in December 2014, Vermont topped the list of highest embezzlement risk states in the country for the third time in the last six years. It was followed by the nation’s capital, West Virginia, Montana, South Dakota, Virginia, Idaho, Oklahoma, Texas, and Missouri. The research shows that the number of U.S. embezzlement cases rose 5 percent over the previous year. In total, 554 major cases — those with more than $100,000 in reported losses — were active in the United States in 2013. Only around 5 percent of major embezzlers were found to have a prior criminal history. The Marquet report went on to draw several conclusions, ranging from the reality that embezzlers are most likely to hold financial positions with enterprises to the most common embezzlement scheme being the forgery or unauthorized issuance of company checks. The study further determined that perpetrators typically begin embezzlement schemes in their early 40s. Finally, while females are more likely to embezzle on a large scale, males embezzle significantly more money on average.

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