Business

Most Common Examples of Theft as a Servant

Understand the most common types of theft as a servant and their impact on businesses. Read on for expert insights and advice.

VigilantPay
May 21, 2023

The most common examples of theft as a servant (also known as employee theft) include:

1. Stealing cash or merchandise from the company: This can include stealing from cash registers, inventory, or even the petty cash fund.

 

2. Misappropriation: This occurs when an employee misappropriates funds from the company, such as diverting company funds to a personal bank account.

 

3. Payroll fraud: This includes falsifying payroll records, creating fictitious employees, or overstating hours worked.

 

4. Vendor fraud: This occurs when an employee colludes with a vendor to overcharge the company for goods or services and then splits the proceeds with the vendor.

 

5. Data theft: This includes stealing sensitive company information, such as customer data, trade secrets, or intellectual property.

 

These are just a few examples of the many ways in which employees can steal from their employers. It's important for organisations to be vigilant in detecting and preventing employee theft, and to have appropriate policies and controls in place to deter such behaviour.

 
Business Fraud Prevention Cybercrime Fraud Theft as a Servant Employee Theft Cybersecurity Kiwi Business New Zealand

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