Theft and
fraud is a costly problem for business
organizations all over the world. It is estimated to cost approximately $200 billion annually to U.S. companies alone. This
paper explains how, with an increase in the use of computers and online e-commerce by
businesses in recent years, the problem has proliferated greatly and is now a major headache for human resource and
security managers. It discusses that, although it may not be possible to totally eliminate
Theft and fraud in businesses, the problem can be controlled by taking appropriate steps and by adopting the right policies in an organization. This paper focuses on the options available to security managers for protecting their organizations from the threat of theft and fraud.