When times get tough, corporate investigations become indispensable. In the wake of the Covid-19 pandemic, businesses large and small have had to keep their wits about them in order to survive. Sailing close to the wind, cutting costs, and stretching resources have become the hallmarks of true-grit leadership—something worthy of celebration, no doubt, but also a reality that comes with a price tag of increased vulnerability to the perils of corporate theft.
Unfortunately for all, the present financial landscape means that theft is a temptation to which more people than usual will inevitably succumb. While it might be easy to imagine why people could feel motivated to take without entitlement under such circumstances, it is more vital than ever that corporations can act quickly to tackle all forms of theft—so that they can keep their businesses afloat, and their dedicated employees safe and secure.
Why It’s So Important to Turn the Lens Inwards
Whether you’re missing inventory, the numbers won’t crunch, or you’ve discovered that sensitive company data has fallen into the wrong hands, there’s a good chance that you’re bearing the brunt of corporate theft. How so? Because research indicates that as much as 90% of all significant theft-related corporate losses come at the hands of employees. Staggeringly, the U.S. Department of Commerce estimates that American businesses lose roughly $50 billion as a result of employee theft each year.
Whatever their motives and whatever their target, a thief in your midst will likely cover their tracks the moment they think their crimes have been detected. This can make undercover theft operations the most powerful type of corporate investigation at your disposal. When you’ve got no idea who’s to blame—or perhaps. more frustratingly, you’ve got a strong hunch but lack the evidence to prove it—a skilled undercover investigator is ideally equipped to efficiently and discreetly gather and document the information required to act.
What Types of Corporate Investigations Can Be Conducted Undercover?
Not all corporate assets are something that a person can physically lay their hands on. So, while some undercover investigations may aim to root out those responsible for stock disappearances, others may target time theft, corporate data theft, intellectual property theft, and corporate fraud. Adding yet more traction, an undercover investigation within the workplace can be combined with surveillance operations, the gathering of corporate competitive intelligence, data breach investigations, and many more forms of scrutiny, until a complete and clear picture comes to light.
When equipped with all the facts, your organization will be able to act quickly with the peace of mind that the chosen path of resolution is air-tight against legal scrutiny. An external corporate investigations collaborator will add an iron-clad layer of impartiality to the conclusions that lead what happens next. Any business operating with integrity should be able to boldly ride the wave of an economically challenging period without the need to look over their shoulders—it’s the job of a gold-standard corporate investigator to facilitate this.
Corporate Investigations Offer So Much More Than a Single Solution
When your gut is telling you that your organization is a victim of theft, it’s a tough truth that the scale of the problem may be worse than you imagine. Losses appearing on the radar can be a sign that the social dynamics within a workplace have soured, and corporate culture is reaching boiling point. While some corporate thieves operate alone, it’s important to be wary that entire theft rings can develop when toxicity is allowed to fester unchecked.
Trust is a vital ingredient for any thriving workplace, which makes removing those with bad intentions and re-building corporate culture the only route to prosperity when such situations arise. Whether your organization is experiencing the first signs of trouble, or is already in deep, expert corporate investigators can help you course-correct by conducting a corporate culture audit, delivering corporate security and investigations support, and providing in-depth corporate background checks as a protective stage of recruitment.
If you would like to talk through your suspicions with a specialist corporate investigator, the dedicated corporate team at Lauth Investigations is ready to assist. Learn more about the various ways in which we can support you, or contact us today for expert guidance and tailored solutions.