Employee theft is nothing new. In all industries throughout time there has always been a measurable degree of such activity but now Hiscox has taken this data gathering to a whole new level. Instead of rank-and-file statistics, they’ve decided to survey the CFO’s, the accountants, the controllers, and others within high level operations to see what, if any, major fraud could be occurring. Their findings may stun you with an average loss of around $350,000 and often times, there were multiple players involved.
