AlertSystems Respond to Report on Consequences of Employee Fraud

Share Article

Leading business security provider, AlertSystems, has responded to a report on internal fraud by the Association of Certified Fraud Examiners.

News Image
Installing HD surveillance such as Avigilon CCTV not only provides clear evidence if anyone should commit fraud against the company, but it also works as a strong deterrent for employees.

The Association of Certified Fraud Examiners (ACFE) in the United States has released a report detailing the financial effects of internal employee fraud.

The report reveals that the average financial loss for one instance of employee fraud is $140,000 (£91,413) and that 40-50% of victimised companies never recover any of their losses.

Larger businesses are more likely to encounter higher value thefts, while the smallest companies endure the largest losses. The average length of fraud before detection is 18 months, causing a substantial amount of damage to any business.

The report does reveal however that ‘anti-fraud‘ controls, such as HD CCTV, has a significant impact on reducing losses due to internal fraud, with HD cameras offering superior image quality and the best evidence for prosecution.

A spokesperson for AlertSystems said:

“Internal fraud is a huge worry for many businesses, but it can often be difficult to detect or prove any wrongdoing. Installing HD surveillance such as Avigilon CCTV not only provides clear evidence if anyone should commit fraud against the company, but it also works as a strong deterrent for employees.”

AlertSystems manage and maintain over 5000 security installations throughout the UK and are specialists in providing business security solutions. Offering professional service and a complete range of security services such as monitored alarm systems and Avigilon CCTV security systems. AlertSystems offers effective and reliable solutions to security problems.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Sales Team
Visit website