We have spoken before about how to prevent fraud in your business including carrying out full background checks on your employees etc but what happens when employees circumstances change?
The late Dr Donald R Cressey came up with a widely accepted theory called the Fraud Triangle.
PRESSURE + PERCEIVED OPPORTUNITY + RATIONALISATION = FRAUD
If somebody is under major financial pressure and an opportunity arises they may steal from you. Remember the 80 ,10, 10 rule. 10% of employees will never steal from you, 10% will steal at every opportunity and 80% can go either way depending how they RATIONALISE a particular OPPORTUNITY.
By installing high quality Till Cameras in key areas it should prevent the above opportunities arising.
Linking your cash register with a CCTV camera is a great deterrent against employee theft. Recording the transactions provides both the owner and the employee with proof of how a sale was handled. Making employees aware that their actions are being recorded will greatly reduce till receipt fraud.
At AlertWatch we normally recommend a dome camera which cannot be tampered with for viewing a cash register. We do not recommend covert cameras as a till fraud prevention method (i.e. cameras hidden disguised in smoke detector housings etc) unless you want to actually apprehend somebody and deal with the relevant authorities.
As an add on, you can connect in a scanning unit which connects to your CCTV system and cash register. Depending on the type of unit purchased you can then interrogate the system e.g. how many of these products/services did we sell? and view the CCTV footage for each applicable transaction.
In the event of a robbery, a CCTV system can provide the Garda with proof of the crime and the identity of the robber. Many times, when confronted with a thief or robber, a clerk or other witness can become confused and be unable to property describe the offender. Having the entire incident on tape provides an accurate description and decreases the likelihood of misidentifying the perpetrator.
AlertWatch can improve your till fraud security by linking your cash register to your CCTV system. Contact today for a quotation on 01-6896390