4 Steps to Protect Your Company From Employee Theft

4 Steps to Protect Your Company From Employee Theft

Employee fraud is on the rise, reaching virtually epidemic proportions. Earlier this year, a former JPMorgan Chase employee pled guilty to criminal charges of wiring more than $5 million over the course of two years to his personal account to pay off debts. Unfortunately, this is not out of the norm. The cancer of employee theft and fraud has spread so far that in 2015, employees stole an estimated $50 billion from their employers, representing a 7% loss in revenue.