Employee theft can be perpetrated through vendor fraud, false checks written for services never performed, or outright stealing. Over time, employees can steal thousands, even millions of dollars. Without a crime policy in place, most of that amount can go unrecovered.
Executives and other senior-level managers with direct access to company funds can more easily get away with theft because there are no checks and balances in place. As supply chains extend around the globe and more services become outsourced, companies expose themselves to more opportunity for fraud.
Sponsor’s Information: Learn more about how Starr Companies’ Crime & Fidelity coverage can help reduce your financial exposures.