The Need for Security to Offset Losses from Employee Theft, more desperate people are resorting to theft in the United States.

The Need for Security to Mitigate Losses from Employee Theft 

The Need for Security

“Due to the nature of retail, companies face many exposures to losses.
Generally retail companies suffer loss in (3) three ways:

  1. External (shoplifting/fraudulent returns),
  2. Paper loss (accounting errors),
  3. And internal (employee misappropriation).

In general, the most exposure to loss is due to dishonest employees. They know the internal process and can find ways to circumvent the internal audit program. Having a well trained investigator who can identify unusual activity, and who is an expert in interviewing shoplifters, can mitigate much of the losses from employe misappropriation.”

— Frank Costa, President of Nexgen Protection Security Services

 

Sources: CBS News, Jan 22, 2021

Georgia teen charged with stealing nearly $1 million from supermarket where he worked.
https://www.cbsnews.com/news/tre-brown-kroger-theft-gwinnett-georgia/

 

About NEXGEN Protection Services
NEXGEN Protection offers a wide range of security solutions to mitigate the high-risk threats unique to your business.

Frank Costa is NEXGEN’s Chief Protection Officer. Frank brings over 20 years from the world of risk management, security protection and investigations experience to protect your business’s bottom line. Costa is also on staff as senior security and counter-terrorism supervisor for a large transportation network. He provides critical security expertise to protect the public.

Every day the NEXGEN Security Team is on the front line, utilizing cutting edge technology to monitor, research and provide security protection to offset threats to your organization and employees.

Business owners, landlords, property managers, and legal teams throughout the New York State region contract NEXGEN Protection.

To learn more about NEXGEN Protection visit our website at https://nexgenprotectionservices.com.