4 Serious Types of Business Theft (and How to Prevent Them)

Businesspersons are at risk of having their property stolen. The present day thief is smarter than the traditional thief. Apart from the traditional forms of theft that include larceny, robbery and fraud, a new type of theft has emerged called identity theft. These types of business theft form four serious types of business theft.

Larceny

Larceny involves taking somebody’s property and passing it off as if it were yours. In most cases, larceny is simply simple theft. Examples of larceny include shoplifting. It does not involve a lot of logistics. Larceny can be prevented by installing state of the CCTV cameras that can watch over a business.

Robbery

Robbery is a type of theft whereby force or threats are used in order to get what one wants. The thief may harm the victim if the situation demands it. In most cases, businesses may lose their valuables when they are hijacked on transit or robbers may gain entrance to the building and threaten workers for money. To prevent this type of theft, one can use steel doors, reinforced walls, security lights and armed guards. For a little fun, check out some of these famous and bizarre robberies.

Identity Theft

Identity theft involves using somebody else’s particulars to get what you do not deserve. Examples of identity theft include financial identity theft, cloning identity theft, commercial identity theft and criminal identity theft. One way of preventing this type of theft is to avoid sharing personal information with strangers. Companies like Vital Records Control can help you destroy sensitive information. On top of shredding your vital documents, companies should have stout computer security services employed in order to protect client information. Corporate identity theft is an easy way to lose consumer confidence in your business.

Fraud

Fraud is a type of business theft whereby the thief steals by using false pretenses. In most cases, the victims hand their property to the thieves willingly or unknowingly. In many cases, fraud flourishes in business dealings. Examples of fraud may include giving a bad check or embezzling funds. Fraud can be prevented by double-checking the person you are dealing with to ensure that no cheating takes place.
As can be seen, businesses face several types of theft. Businesses depend on guarding against theft in order to stay in business, so don’t leave your company at risk by not addressing these issues.