Protecting your Business

Top 5 Security Tips for Small Retailers

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When you’re a small retailer responsible for your building, stock and cash on premises, security can become a bit mind boggling, especially if you only have a couple of staff to hand. Being safe however, isn’t about numbers; it’s about smart choices and being organised. Here are some top ways to boost your security without, as it were, breaking the bank.

Posted by The Small Business Heroes Team

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Business and Retail Faud

Criminals know there is a lot of money to be made by duping people into handing over cash or security details and it can be difficult to know how to protect yourself, especially as criminals' tactics are becoming more sophisticated and varied.

Business Fraud

Criminals will sometimes go to great lengths to trick you into ‘working with them’, in some cases setting up seemingly genuine businesses.

A common type of fraud committed in the business world is receipt fraud, where employees will steal incoming cash or cheques or when records of amounts owed by customers are adjusted in return for cash rewards or other incentives.

Protecting yourself

  • Control who has access to equipment, documents and computers to prevent any unauthorised use.
  • Train your staff in your security systems and your disciplinary policies and procedures.
  • Where possible, divide duties between staff so any irregularities will be spotted. Introduce appropriate supervisory and monitoring controls. Random spot checks are effective at preventing fraud.
  • Take steps to tackle credit card fraud. Routinely check the dates credit and debit cards are valid from and to, phone for authorisation where appropriate, check the card and its signature strip for signs of alteration, check the signature you're given against the one on the card and check the number on the card matches the number on the till printout.
  • If you accept credit card payments without seeing the actual card, ask your bank about ways to help reduce the risks of fraud.
  • Beware of suppliers and customers offering unrealistically low prices or high payments. Remember, if a deal looks too good to be true, it probably is.

Read More - source crimestoppers-uk.org

Protecting your business's assets

Protect your assets - people, buildings and information - by identifying and managing the risks and addressing your security and resilience needs.

When considering how to protect your business and its assets, you need to identify the threats and your vulnerabilities.

You’ll need to decide what:

  • security improvements to make
  • type of security and contingency plans to develop

For companies, simple good risk management practice (including vigilance and contingency arrangements) may be all that is needed. Others may feel more vulnerable to attack and so should apply protective security measures to reduce the risk.

Read More - source www.gov.uk