RealNews

Employee fraud, theft cost firms $40 billion a year

t’s not something business folks like to discuss, but as many as one-third of all business failures annually can be attributed to employee theft, according to the U.S. Department of Commerce. The cost of theft and fraud to American business nationally hovers around $40 billion a year, and “some experts believe as much as 40 percent of the losses are internal,” said Tim Zehring, a retired Mesa police officer and director of the International Crime Free Association. Full Story

OODA Analyst

OODA Analyst

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