Security Precautions

Common Security Problems ShopliftingShoplifting PilferagePilferage BurglaryBurglary RobberyRobbery FraudFraud

Security Problems Defined ShopliftingShoplifting Theft of goods by customers PilferagePilferage Theft of small sums of money or inexpensive items from the business BurglaryBurglary Any illegal entry into a Building to commit theft

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

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

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

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

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

Why Do Businesses Need Security To protectTo protect –Buildings –Equipment –Fixtures –Records –Goods To protect against theft of money or other valuables and loss of lifeTo protect against theft of money or other valuables and loss of life To protect against business failureTo 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 sensorsElectric sensors Closed-circuit televisionClosed-circuit television Locked display casesLocked display cases Chains and locksChains and locks Convex, one-way and two-way mirrorsConvex, one-way and two-way mirrors Security guardsSecurity guards