Handle-iT: Identifying Your Risk of Theft

Company	Handle-iT Ltd
Date	09.08.2021

Reducing the Risk of Theft

The true cost of theft is not only the damage to the bottom line, but also the long term damage to the business reputation. The long term financial damage to the business is likely to be far higher than the value of the stolen property.

Therefore, it is worth understanding the risks in your business, from the view point of short term financial loss and long term damage to reputation and business prospects.

Here is an example risk assessment for identifying risks of theft

Company Theft Risk Assessment

Identifying Solutions

Its also important to identify actions that can be taken to reduce risks. Here are a few examples of risks highlighted in the risk assessment.

Risk	Suggested mitigation actions
Cash	Use cameras to cover cash handling areas
Overtakings	Use cameras to cover cash handling areas
Time	Use clocking systems and encourage staff engagement.
Stock Shrinkage	Use security cage to store valuable items.
Goods Inwards	Carriers deposit packages to a locked cage with a letterbox. The cage is then wheeled to a secure area for processing.
Despatch Areas	Packages ready for despatch are locked in security cagesand wheeled to the carriers vehicle.
Office Consumables Tea, Coffee, Toilet Rolls	Store in locked cupboards. Only issues to authorised staff.
Stationery	Store in locked cupboards. Only issues to authorised staff.
Tools/Equipment	Store tools in locked mobile tool cupboards. Easily moved to place of work.
Mobile Phones, Ipads, Notebook Computers	Store in locked security cages, and then wheel to a secure area for further protection.
Electronic Data	Invest in cyber security measures and train all staff accordingly. Don’t forget the theft of old IT equipment containing valuable and personal data is a far easier crime.
Data for Destruction	Store printed reports and removable media in secure storage before destruction.
Expenses	Implement a robust system to check and sign off expenses by superiors.
Fuel	Implement fuel cards and vehicle tracking, check mileages on expense claims.
Drugs/Pharmaceuticals	Store all drugs, pharmaceuticals, chemicals in security cages.
Violence/Robbery	Fit secure locks and panic alarms.

Contact

Handle-iT Ltd
Unit 19
Bulleigh Barton Farm & Commercial Units
Ipplepen
Newton Abbot
Devon
United Kingdom
TQ12 5UA

01803 875 222

handle-it.com

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Handle-iT: Identifying Your Risk of Theft

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