Theft Prevention Solutions for Businesses

Theft costs businesses throughout Albuquerque and the United States billions of dollars each year. Commercial burglary costs U.S. small businesses an average of $8,000 per incident, which equates to an annual revenue loss of about 7%. If you are like most small businesses, you cannot afford to lose thousands of dollars per incident, much less billions. To protect your Albuquerque business and its assets, invest in a robust commercial security system that provides you ample control over your inventory, assets and bottom line.

Employee Theft is a Prevalent Problem

GettyImages 584208208 Theft Prevention Solutions for Businesses
Believe it or not, but the people who are most likely to cost your business money each year are those you trust to run it: Your employees. Employee theft is one of the most costly and widespread challenges businesses face today, costing them anywhere between $20 billion and $50 billion in lost revenue each year. Employee theft affects businesses of all shapes and sizes and across all industries. Though it can look different across organizations, it typically entails the following:

  • Embezzlement
  • Payroll schemes
  • Billing schemes
  • Larceny
  • Expense reimbursement schemes
  • Information theft
  • Time theft

Approximately 68% of employee crimes are perpetrated by people in accounting or bookkeeping positions. Of the growing number of cases, only 4% involve people with prior criminal histories, meaning strict hiring processes cannot safeguard against internal theft and fraud. The average scheme lasts about 4.7 years and costs businesses $25,000 per month. Of all the small businesses that file bankruptcy each year, 33% cite employee theft as the main cause.

Shoplifting and Burglary Are Also Major Concerns

Though employee theft is the number one cause of monetary loss for American businesses, shoplifting and burglary are also pressing concerns. Per the reports, shoplifting accounts for 35.55% of profit loss in businesses of all sizes. Approximately one in 10 businesses are the victims of theft and burglary each year, with the rate of risk increasing as the size of the business decreases.

Combat Employee Theft, Shoplifting and Burglary

Regardless of the size of your business, theft is a constant threat to your business’s reputation, your employees’ safety and your bottom line. But it doesn’t have to be. With the right security measures in place, you can prevent commercial theft and protect everything you worked so hard to build. At Alarm Research, Inc., we have the experience and know-how to help you build a commercial security system that protects you against both internal and external threats, including the following:

  • CCTV systems
  • Video surveillance
  • Access control systems
  • Alarm systems
  • 24/7 monitoring services

To ensure we equip you with the most effective defense possible, our Albuquerque security experts will assess your property and identify all challenges and points of weakness. From there, we will make recommendations for systems that we believe will help safeguard you against internal and external threats. From there, we will install the appropriate equipment and, if necessary, maintain and monitor it on your behalf.

Don’t let commercial theft threaten your bottom line any longer. Contact Alarm Research, Inc. to discuss your commercial security needs today.