Increased risk of theft. Businesses establish different types of security procedures to protect their
assetsequipment, inventory, facilities, money, information, and employees. Businesses need to
communicate these security procedures to employees so the employees know what they need to do to
maintain a secure work environment. If employees do not follow security procedures, the risk of security
breaches occurring increases. For example, an employee who does not properly lock the cash drawer
increases the risk of robbery. If employees fail to lock the warehouse doors at the end of business hours,
the risk of theft increases. If a security breach occurs, the business may experience financial losses
(e.g., stolen money, goods, and equipment). Employees follow safety procedures to reduce the risk of
accidents in the workplace. Financial losses may decrease if businesses train their employees about
ways in which they can identify counterfeit paper money at the point of sale.
SOURCE: Kimiecik, R. C., & Thomas, C. (2006). Loss prevention in the retail business (p. 1528).
Hoboken, NJ: John Wiley & Sons.