Strength­en­ing the secu­ri­ty of your busi­ness is essen­tial for pre­vent­ing loss and cre­at­ing a safe envi­ron­ment for employ­ees, cus­tomers and guests. But for many busi­ness­es, it’s not always clear which threats pose the most dan­ger.

Theft is com­mon­ly cit­ed as a top con­cern regard­ing busi­ness secu­ri­ty. But there are dif­fer­ent types of theft, requir­ing busi­ness­es to imple­ment a mul­ti­lay­ered approach to their secu­ri­ty. With­out a full risk assess­ment, busi­ness­es are blind­ed to the var­i­ous inci­dents that can derail their oper­a­tions.

In this post, we look at 4 of the most com­mon busi­ness secu­ri­ty threats and how to com­bat them.

1) Internal theft

In retail envi­ron­ments, a com­mon assump­tion is that out­siders com­mit most thefts. But data shows inter­nal theft is just as much of a con­cern.

Fig­ures from the Retail Coun­cil of Cana­da show that employ­ees who steal from their employ­ers will take about $2,500 in cash or goods before they’re caught, where­as the aver­age theft by a cus­tomer is about $175. In total, employ­ee theft costs Cana­di­an busi­ness­es $1.4 bil­lion a year. No busi­ness own­er or man­ag­er wants to think their employ­ees are capa­ble of this theft. But it hap­pens all the time.

Busi­ness­es can help to pre­vent employ­ee theft by deploy­ing bet­ter busi­ness secu­ri­ty sys­tems, includ­ing sur­veil­lance cam­eras. The pres­ence of cam­eras alone can act as a deter­rence while pro­vid­ing clear video footage of what hap­pened if you dis­cov­er some­thing has been stolen.

2) Customer theft /shoplifting

Data from the Nation­al Asso­ci­a­tion for Shoplift­ing Pre­ven­tion (based in the U.S.) finds that 1 in every 11 cus­tomers will attempt shoplift­ing. In Cana­da, this amounts to more than a bil­lion dol­lars of goods stolen from busi­ness­es every year.

This theft has been ris­ing in recent years, increas­ing by 25 to 40% in the sec­ond half of 2021. On aver­age, Cana­di­an gro­cery stores lose $3,000 to $4,000 in stolen goods week­ly. This is anoth­er area where secu­ri­ty cam­eras can help to curb theft sig­nif­i­cant­ly. Posi­tion­ing check­out areas and employ­ees near the exits can also help to reduce risk. Anoth­er effec­tive strat­e­gy is elim­i­nat­ing blind spots where cus­tomers can con­ceal goods or swap tags with­out being seen.

3) Afterhours break-ins and vandalism

Just because your busi­ness is closed and locked up for the night doesn’t mean you can be lax about your busi­ness secu­ri­ty. This is a prime time for thieves to tar­get retail estab­lish­ments.

There are sev­er­al vital steps to pre­vent these crimes. Out­door secu­ri­ty cam­eras, again, are an essen­tial deter­rent. So too is a com­mer­cial secu­ri­ty alarm sys­tem that will be acti­vat­ed if any­one attempts to gain entry through a door or win­dow. Com­mer­cial-grade locks, secu­ri­ty bars and win­dow film can make your busi­ness much hard­er to pen­e­trate or van­dal­ize.

4) Smoke & fire

Smoke and fire are arguably more of a threat to your secu­ri­ty than oth­er threats on this list. All it takes is one inci­dent to poten­tial­ly wipe out your entire busi­ness (and cause seri­ous harm to any­one on the premis­es).

This is why it’s impor­tant to inte­grate depend­able smoke and fire detec­tors with your busi­ness secu­ri­ty sys­tem. This will ensure that author­i­ties can be swift­ly and auto­mat­i­cal­ly dis­patched if a fire is detect­ed, sav­ing your busi­ness and lives.

Request a business security audit

Con­tact us at PROTECTION PLUS today to request a free com­pre­hen­sive audit of your busi­ness secu­ri­ty.

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Allan Baum
Allan Baum founded Protection Plus with his wife Neseh in 1994. He has worked in the security industry since 1991. His educational background includes an MBA from York University ( when it was still York) and a B.A. from McGill. Allan and Neseh have three wonderful children who are now considered adults and an equally wonderful dog named Waub.