Report Finds Two Out of Three Companies Experienced Insider Theft or Corruption of Data in Prior Year

  Written By ESR News Blog Editor Thomas Ahearn A report entitled “The State of Cybersecurity and Digital Trust 2016” has revealed that more than two out of three companies surveyed – 69 percent – experienced an attempted or successful insider theft or corruption of data during the prior 12 months, and that concerns from …

Continue reading "Report Finds Two Out of Three Companies Experienced Insider Theft or Corruption of Data in Prior Year"

U.S. Retail Workers Lead World in Employee Theft

Written By ESR News Blog Editor Thomas Ahearn Employee theft in the United States accounted for 43 percent of lost revenue – about $18 billion – while dishonest employees around the world accounted for only approximately 28 percent of inventory losses globally, according to the Global Retail Theft Barometer 2014TM.

Continue reading "U.S. Retail Workers Lead World in Employee Theft"

Holiday Season Hiring Brings Increased Fraud Risk

Written By ESR News Blog Editor Thomas Ahearn Thanksgiving week signals the official start of the holiday season. Along with turkey, football, presents, and good cheer, the holiday season brings an increase in seasonal hiring. However, fraud experts interviewed for an article posted on InsuranceJournal.com warn that businesses skipping their usual due diligence background checks …

Continue reading "Holiday Season Hiring Brings Increased Fraud Risk"

Annual Retail Theft Survey Shows More Dishonest Employees Stole from US Retailers in 2012

Employee theft rose in the U.S. in 2012 as more than 70,000 dishonest employees were apprehended and over $50 million was recovered from employee apprehensions, according to the 25th Annual Retail Theft Survey by leading loss prevention firm Jack L. Hayes International. More information about the survey is available at http://hayesinternational.com/news/annual-retail-theft-survey/.

Continue reading "Annual Retail Theft Survey Shows More Dishonest Employees Stole from US Retailers in 2012"

Employee Theft Rising as Dishonest Employees Steal More Profits from US Retailers

A study of 23 large retail companies found that 71,095 dishonest employees were apprehended for employee theft in 2012, up 5.5 percent from 2011, while more than $50 million was recovered in those cases, up 7 percent from 2011, according to the 25th Annual Retail Theft Survey conducted by Jack L. Hayes International. The survey, …

Continue reading "Employee Theft Rising as Dishonest Employees Steal More Profits from US Retailers"

Databases Tracking Employee Thefts to Be Examined by FTC for Fair Credit Reporting Act Compliance

Large databases that track employee thefts and could prevent workers accused of theft in the past from finding new jobs in the retail industry will be examined by the Federal Trade Commission (FTC) for compliance with the Fair Credit Reporting Act (FCRA), according to a report from the New York Times. The article – ‘Retailers …

Continue reading "Databases Tracking Employee Thefts to Be Examined by FTC for Fair Credit Reporting Act Compliance"

Background Checks Prevent Employee Fraud in Workplace According to Safe Hiring Expert at ACFE Conference

In an article from the Orlando Business Journal, ‘Pre-screening new employees prevents fraud in workplace,’ Attorney Lester Rosen, CEO of Employment Screening Resources (ESR), indicated there is a “statistical certainty” that a company that does not background check job applicants will hire an employee with an “unsuitable” criminal record or false credentials. Rosen made the comments …

Continue reading "Background Checks Prevent Employee Fraud in Workplace According to Safe Hiring Expert at ACFE Conference"

Background Check Expert to Speak at ACFE Annual Fraud Conference on How to Stop Employee Fraud

Attorney and background check expert Lester Rosen, Founder and CEO of Employment Screening Resources (ESR), will present a session titled ‘Employment Background Checks: Stopping Employee Fraud at the Point of Entry’ on Tuesday, June 19, 2012 from 1:40 PM to 3:00 PM at the 23rd Annual Association of Certified Fraud Examiners (ACFE) Fraud Conference & …

Continue reading "Background Check Expert to Speak at ACFE Annual Fraud Conference on How to Stop Employee Fraud"

Federal Bill Seeks To Ban Credit Report Checks for Most Employment Screening

By Les Rosen, President of ESR & Thomas Ahearn, ESR Staff Writer Employers may have one less employment screening tool at their disposal if a federal bill banning credit checks during most employment background checks becomes law. Recent legislative efforts throughout the country have sought to ban credit reports from the employment screening process. Three states — …

Continue reading "Federal Bill Seeks To Ban Credit Report Checks for Most Employment Screening"