Half of small companies expect staff theft

The Chubb Private Company Risk Survey polled executives at 451
for-profit US companies, almost all of which had annual revenue of less than
$25 million. Some 54 percent of those surveyed said they expected employees to
steal company funds, equipment, inventory or merchandise over the next year.

Just 30 percent have actually experienced such theft in the last five years.
Employee theft was seen as the second-most financially damaging event a company
could experience, according to the survey. The most damaging event, the
executives said, was an employment practices liability lawsuit.