Imagine finding out that your bookkeeper was forging your signature and issuing herself illicit checks. Or that she was using the company credit card to pay personal bills or buy personal items.
Although unnerving, scenarios like these happen every year to honest business owners. It’s no small potatoes loss, either. Insider fraud costs businesses tens of thousands of dollars because, by the time it’s detected, the theft has occurred over many months, often resulting in a six-figure financial loss that can decimate a company’s solvency.
What motivates an employee to steal from his/her employer?
By: Tiffany Couch