Tag Archives: fraud

How to Reduce Fraud in Your Restaurant

The “2018 Global Study on Occupational Fraud & Abuse from the Association of Certified Fraud Examiners (ACFE) found that the typical organization loses an estimated five percent of its annual revenues to occupational fraud. In that same study, the ACFE found that the median loss caused by occupational fraud was $130,000. This is a loss no restaurant or bar can afford.

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Cyber Claims Digest for 2020 Planning

This entry is part 31 of 33 in the series Data Security

Analysis of 2018 Cyber Claims Data by Society Insurance

Ransomware. Business email compromise. Spear phishing. This is the new language of business risk. Whether it’s a massive data breach that exposes customer information, or an automated ransomware attack that extorts bitcoin payments from a small business owner, the cybercrime wave continues to swell as the cybercrime economy becomes more sophisticated.

The threat of cyber attacks continues to top the list of executive concerns around the globe. According to the latest survey by The Conference Board, US-based CEO’s rank cybersecurity as their number one concern.

And here’s why…

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5 Reasons Your Business Needs Video Surveillance

Is your business as well-protected as it should be? Do you really know what goes on when you’re not there to see it firsthand? As a business owner you want to ensure that your investment is protected against loss from the public or from your own employees.

Due to their early and late hours and sometimes short staffing, gas stations, convenience and liquor stores are often subject to more crime and violence, which is a growing concern among many of Society’s policyholders. Other businesses such as restaurants, taverns, and grocery stores experience increasing numbers of slips and falls. Having an effective video surveillance system will help deter shoplifting and employee theft, and it can also prove valuable when trying to document crimes and injury claims by customers or employees. Many of the newer digital systems allow you to review your footage from a smart phone, even if you are not onsite.

So, is video surveillance really necessary at your business? YES. Here’s why: (more…)