Security Precautions Common Security Problems Shoplifting Pilferage Burglary

Security Precautions

Common Security Problems • Shoplifting • Pilferage • Burglary • Robbery • Fraud

Security Problems Defined • Shoplifting Theft of goods by customers • Pilferage Theft of small sums of money or inexpensive items from the business • Burglary Any illegal entry into a Building to commit theft

Security Problems Defined cont. • Robbery Theft that involves the use of force, violence or fear • Fraud Deceiving or cheating a business out of money or property

Common Types of Fraud • Price-ticket switching • Internal theft • Point-of-sale Fraud – Bad Checks – Credit Card – Cash

Types of Cash Fraud • By Customers – Customer distractions – Split bills – Marked bills – Counterfeit bills

Types of Cash Fraud cont. • By Employees – Pocketing cash from a customer’s sale – Overcharging customers – Stealing money from the register – Undercharging family and friends – Abusing discount privileges

Common Types of Fraud cont. Recordkeeping and Physical Fraud (Embezzlement) Ø Insulting padded payroll checks Ø Increasing wage rates and number of hours worked on time sheets Ø Making out unauthorized checks Ø Entering false payments in the company books to hide stolen funds Ø Creating false credit-card accounts for their own use

Common Types of Fraud cont. Computer Fraud Ø Gaining access to product development plans, market research data, etc. Ø Gaining access to and revealing personnel information Ø Stealing money Ø Altering computerized business operations records

Why Do Businesses Need Security • To protect – Buildings – Equipment – Fixtures – Records – Goods • To protect against theft of money or other valuables and loss of life • To protect against business failure

What’s your Role 1. To recognize importance of business security 2. To follow your employer’s recommended safeguards

Security Devices that help to Prevent Shoplifting • • • Electric sensors Closed-circuit television Locked display cases Chains and locks Convex, one-way and two-way mirrors • Security guards