Comments on: Scam 2.0 http://paulwallbank.com/2012/01/19/scam-2-0/?utm_source=rss&utm_medium=rss&utm_campaign=scam-2-0 Society and business in the 21st Century Thu, 19 Jan 2012 02:11:40 +0000 hourly 1 https://wordpress.org/?v=5.8.3 By: Lindy Asimus http://paulwallbank.com/2012/01/19/scam-2-0/comment-page-1/#comment-14900 Thu, 19 Jan 2012 02:11:40 +0000 http://paulwallbank.com/?p=3289#comment-14900 In reply to Paul Wallbank.

It’s funny business owners get so het up about shoplifting and general theft but are surprised when they discover that it happens to them by an employee. As it stands, the last report I read on this showed something like 47% of theft from business is by employees. Then of course there is the loss to the business through simple waste and lack of standard procedures that allow for more effective and efficient use of materials and man hours and productivity gains.

On the trust thing? Some things don’t fall into the trust camp. Good process is one of these and worthwhile because it is good business. Leaving practices that are good business up to trust instead, is just bad business. Which is actually just a sign of bad management.

Perhaps it is a case of heeding Ronald Regan … Trust but verify. 😉

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By: Paul Wallbank http://paulwallbank.com/2012/01/19/scam-2-0/comment-page-1/#comment-14899 Thu, 19 Jan 2012 01:26:25 +0000 http://paulwallbank.com/?p=3289#comment-14899 In reply to Lindy Asimus.

Good points Lindy, it’s often forgotten the biggest risks to a business lie within the organisation; whether we’re talking about fraud, hackers or any other threat.

It all comes down to trust, and sometimes our trust is misplaced.

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By: Lindy Asimus http://paulwallbank.com/2012/01/19/scam-2-0/comment-page-1/#comment-14898 Thu, 19 Jan 2012 01:13:58 +0000 http://paulwallbank.com/?p=3289#comment-14898 This is where businesses really need to have a process to use to ensure that they are both safe from scammers, but also that keeps accounts and payments to suppliers checked and tidy. Even where there is no scam, invoices can and often are not correct and picking up errors of any kind can be a real saving for the business. A good process also means that it is harder to be ripped off by your employees and this is perhaps where business is most exposed to theft and fraud.

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