Home > Koss theft > Can you really sue someone for not protecting your best interest?

Can you really sue someone for not protecting your best interest?

Well if you are Koss you can, the latest here, http://www.todaystmj4.com/news/local/84984797.html

In this story they stated that the company that was not able to watch its own employee, and its accounts is suing the company that pointed out that there was a problem… ok does anyone else think this is a little wonky?

I need to ask, just because this is what I do, where was Koss’s insurance plan that protected them from theft? Most policies can be tailored to a businesses needs, that would have protected them from outside crime, employee theft, and computer fraud.. Oh I get it maybe because they were not making sure that the back door was sealed shut the insurance company can get out of the policy if you are not taking care of your business responsibilities.

The reason that most persons actually commit fraud is usually from a disgruntled employee, it is also suggested by fraud prevention specialists like myself that you don’t allow for only one person to have control over the accounts, and that there should be some policies in place to avoid this outcome.

From the sounds of it this company had no controls in place, and the shareholders http://www.todaystmj4.com/news/local/84767532.html are the biggest losers in this whole situation.

There are ways that businesses can protect themselves from potential theft internal as well as external.

You don’t have to have the in house staff, you need only put a few things in place to help protect your business, even then you still run the risk of having fraud, but it is much less likely to happen.

If you would like assistance with making sure you have the controls in place to avoid fraud from happening to you please contact us at www.dlbandassociates.com .

  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: