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Stealing is an art one should not indulge in.

The Insider Threat: Why do employees steal? Discuss the Theft triangle. Write a 2 page paper, double spaced response to this question. Address the three sides of the theft triangle and the significance of each.

In addition to motivation, opportunity and lack of detection other things that contribute to theft are prevention like Surprise audit, inventory check, and bank reconciliation, noticeable change in the behavior of the employee, extravagance and spending behavior, checking of bank statements, deposit in the account.

People are afraid of unknown on being caught rather than the punishment.;

Ironically, there are many an unintentional thieves who view their action as a right rather than as crime. In this group fall even the senior managers or executives who do not mind lifting office stationery for use at home. This kind of pilfering runs into millions if a proper* cost accounting / audit is done by the organization. They do not view it as a theft or do it intentionally just assume it to be their right by virtue of their position and further that they require these items for working at home at late hours or on weekends or holidays.

No background check of the new applicant for the job.

Proper installation of modern theft detection gadgets helps catch the thief in the act. Cautious security staff should be alert and keep an eye on every person moving around. Plain clothes staff can easily mingle with crowd like any other common man pretending to be a customer and catch the thief in act.

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SOLUTION:

The Insider Threat: Why do employees steal?

I commence my solution quoting the estimates of the U.S.Department of Commerce that 30% of all business failures take place due to employee theft instead of shoplifting as the employers assume.

Ironically, there are many an unintentional thieves who view their action as a right rather than as crime. In this group fall even the senior managers or executives who do not mind lifting office stationery for use at home. This kind of pilfering runs into millions if a proper* cost accounting / audit is done by the organization. They do not view it as a theft or do it intentionally just assume it to be their right by virtue of their position and further that they require these items for working at home at late hours or on weekends or holidays.

If a junior employee following in the footsteps of his seniors indulges ...

Solution Summary

Motivation, Opportunity and Lack of detection: People steal when there is:-

Motivation - Financial - steal an item and sell it, desire to possess it, as revenge against the employer - disgruntled employee - due to poor pay/wages, unsatisfactory HR policies, or the take home pay of floor level employee is very low compared to the emoluments of higher ups, misguided, encouraged by other thieves.

Opportunity:

No theft can take place unless the opportunity presents itself. Even the most unsuspecting employee would not hesitate to take advantage of the opportunity and a lift an item of his use. It is rare that items stolen are actually of real need - an essential

Lack of detection:

The organization may have superfluous security staff but their approach casual, cavalier and unresponsive. They may not be paying attention to the likelihood of the occurrence of the theft.
While the electronic surveillance may normally create a scare in a thief but it is not deterrence.
Lack of detection acts as encouragement to commit the same or similar crime/theft at the same or any other similar organization and the modus operendi also may be same

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