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Is Employee Theft a Big Problem?

Is Employee Theft a Big Problem?

 Is Employee Theft a Big Problem?

Employees use a wide variety of schemes to steal money from corporations. These range from embezzlement, bill and payroll schemes, to false reimbursement claims and sharing trade secrets. Did you know, employee fraud cost UK businesses £40 million in 2016? The most common type of employee theft, however, is when employees steal money and property right underneath a company’s nose. Employee theft of stolen items costs British businesses over £190 million.

However, it’s worth noting there are two types of theft in the workplace: Tangible theft, such as stealing money or stationary, clothes etc. and Intangible theft such as unlawfully taking Intellectual property, confidential sales figures etc. According to the National Fraud Agency, theft and business fraud costs the UK economy more than £73bn each year, therefore it is worth investing in people, processes and products to be safe, secure and to reduce the likelihood of employee theft in the future.  

Employee Theft and the Law

Theft can range from stealing a stapler to much more serious theft, and each has its own consequences. For instance, a perpetrator may take petty cash, supplies, or inventory, but a bigger more serious crime, is a much bigger deal. Offenses include stealing property or money that is worth over £1,000, or break-ins in which a thief takes inventory. All cases of employee theft are considered felonies. Consequences for can include job termination, fines, community service, and imprisonment.

A Solution: A Blink Security System

Video surveillance systems are an effective deterrent to employee theft. If co-workers know that employers are watching them and recording their actions, they are less likely to steal from a company.

There are some challenges, however, with conventional surveillance systems. First, security companies wire the cameras into a commercial property’s electrical system. Once they are mounted, you can't move them. They are also very expensive and unslightly! An entire video system complete with video cameras, monitors, and recording equipment can cost thousands of pounds.

Blink Security systems solve many these problems by offering video equipment that is wireless, affordable, and discreet. When you invest in a Blink system, you have the flexibility of mounting and transferring our video cameras wherever you want, whenever you want. You can purchase multiple units while staying well within your budget. As the Blink cameras are small and come in white or black, or with a variety of covers, you can place them anywhere. They will be unobtrusive to employees, clients and customers alike.

Protect Employees with Video Surveillance

Blink security cameras not only protect your business, but they also protect your employees. If your staff are aware that there are security cameras placed in the building, they are less likely to steal from one another. It’s another layer of peace of mind and protection, even if you experience external theft.

Blink offers a wide range of video options for your business. We can help you strategically place wireless cameras in any location. You can view and record the employee activity in your store or office from any device such as a computer, tablet, or smart phone.

Get started on a more secure business today with Blink for as low as £129.99 and no contracts are needed at Blink for Home!

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Advice on Securing Your Small Business on a Budget

Advice on Securing Your Small Business on a Budget

What’s the biggest threat to your wallet - thieves or the high costs for security measures? From security cameras to the different types of video monitoring software, investing in your business can get costly. However, there are some ways to do it without spending a fortune!

Do What You Can Yourself.

Have family, friends and even your employees together for a business improvement project. Visit your local hardware store for the nuts, bolts and wood that will make getting access to your business—and its key valuables—much harder. Install some extra locks on the windows and doors. Build a decoy safe to store money and company valuables. You would be surprised how much a few extra seconds of fumbling through the entry way could save your business during a threat.

Make the Most of the Technology You Have.

Evaluate the areas of your business that need video security the most. Then purchase software that can easily accommodate these areas. The Blink security cameras are lightweight and portable for you to move around the office with ease. They are perfect for business owners on a budget and facing ever-changing store dynamics. Plus, there’s no need for expensive monitoring software that you’ll have to find storage room for. Watch and control Blink cameras from your smart phone anytime, anywhere.

Create a Neighbourhood Business Watch Group.

You probably have more in common with the business owners surrounding you than you think - especially when it comes to running a safe business without breaking the bank. Involve everyone to discuss safety tips and procedures that you can take turns implementing throughout the week. Creating a watch group costs nothing (but your time) and will probably turn into a win-win for everyone. Now with Blink purchases are easy to apply and neatly designed stickers to demonstrate to the outside world your home or property is protected by Blink.

Find a Software That’s Easy to Install and Maintain.

Intricate security software can require hours of complicated work to assemble or require expensive installation and routine maintenance. Blink’s video cameras offer wireless technology that makes set up a breeze. And cameras come with added conveniences like two-year battery life and waterproof durability! It’s state-of-the-art technology that you can simply place, turn on, and go about business as usual.

Remember: Good, quality technology can be more affordable than you think. Get started on a more secure business today with Blink for as low as £129.99 and no contracts are needed at Blink for Home!

Keep updated with all things related to Blink by following us on Twitter and Facebook and keep your eyes peeled for exciting updates.

5 Tips to Keep Your Restaurant Safe and Secure All Year

5 Tips to Keep Your Restaurant Safe and Secure All Year

Restaurant owners know that protecting their investment is critical to success. In addition to insurance and common-sense safety measures to protect your patrons and employees, protecting your eatery against robbery, theft, and fraud should be a priority.

Keep Aware During Vulnerable Times

Robberies can happen at any time, however opening and closing times are when you are most vulnerable. Staff should always buddy up for bank runs, during deliveries, and after hours. No one should ever be alone in the building. The entire exterior of the facility should be inspected for signs of trouble daily before entering. At least one interior room should be lockable and securely designated as a safe room with a camera system. Staff should always be alert for signs of suspicious behaviour among customers, staff or passers-by and ready to call for help always.

Watch Your Employees

Employee theft is a major issue, applicable to office workers and those in the hospitality sector. Staff should be made aware that cash registers, offices, entries, staff rooms and inventory storage areas are under surveillance. Utilising a wireless camera system like Blink offers the advantage of remote monitoring and portable cameras that can be moved anytime. Emphasise to staff that these measures are for their protection.

Enforce Safety with a Camera

False injury claims against your employee’s insurance are costly. Stringent safety procedures and training should be undertaken to avoid hazards from slips and falls, burns, and cuts. No system can prevent every accident; however, a security system may lower your premiums—check with your insurer for details. When an injury is suspected as fraudulent, security camera footage is invaluable during the investigation.

Identify Your Level of Risk

Protect your business against acts of violence by accurately assessing and responding to your general level of risk. Adequate, well-trained staff, visible management, and well-lit, secured property perimeters can minimise incidents. How your business responds to an incident is as important as prevention. Being able to provide authorities with security footage cements your reputation as a safe environment for patrons and staff.

Lock Up Your Valuables

Burglars commonly try to get in and out quickly with cash, liquor, and valuable electronics. These items should be kept out of sight in locked areas. Cash drawers should be left empty and open when the restaurant is closed to prevent intruders from breaking into them.

Install Blink

One last security measure to take is to add Blink. Our affordable, easy-to-install Blink security system offers 24/7 remote monitoring without a monthly fee as well as the flexibility to move cameras and add or remove components anytime. Blink’s wireless camera systems protect your assets with up to two years of battery life for nonstop protection.

Already have a Blink system? Enter our competition by sharing your Blink footage using the hashtag #WhenIBlinkISee T&C:  http://bit.ly/2G7n5eL

Keep updated with all things related to Blink by following us on Twitter and Facebook and keep your eyes peeled for exciting updates.