Security and Loss Prevention - Assignment Example

Security and Loss Prevention Introduction It is true that Fraud is a form of a crime that many managers in organizations are unable to handle because of the many forms it can take. The other fact that makes it hard to handle is because it cannot be identified until a crime is committed. Identity theft is another form of fraud where by one person can assume the identity of another person in the organization and steal information concerning the company or organization. The person can also take personal belongings inform of money and assets (Purpura 2007).

I would protect the corporate executives of fraudulent acts against them by giving the maximum security. This would be through keeping their databases safe and ensuring that they are the only persons with the passwords or access to the most sensitive information.My plan of action would involve giving them maximum security and ensuring that no one else can access the data they have except them. I would buy for them modern machines which would detect automatically any person trying to access the information.

I would implement my measures by ensuring that the organization or the company buys the machines with immediate effect. I would also take my managers for training on how to keep sensitive and confidential information that belongs to the company safe. I would ensure that the executives familiarize themselves with the systems. If the managers or the executives are unable to operate the systems, I would employ more staff to assist the and still ensure there is no fraud or loss in the company (Sennewald and Christman 2008).

I would follow the formal procedures in creating the loss prevention education workshop for the corporate executives. I would ensure that all the executives attend the workshop and even the other staff in the superior levels should attend. I would ensure that the topics taught in the workshop are related to the topic and they fully cover the topic of loss prevention. I would relieve the executives their duties for the days they would spend in the workshop their formal duties. I would also ensure that the workshop have objectives which should met by the end of the training.

I would also involve the executives of the corporation in the creating of the loss prevention plan. I would use the following mechanisms to ensure that the lessons being learnt in the workshop work toward loss prevention. One I would be monitoring the executives on weekly basis to ensure that they apply the mechanisms taught. I would also correct information on regular basis from the executives on the applicability of the methods. I would also trace on regular basis whether there is any loss occurring after the workshop.

I would also monitor the executives and identify the ones with problems in applying the mechanisms taught. For such an executive, he or she must be further trained on how to adapt to the new systems. For those who know how to use and apply the mechanisms, I would take disciplinary actions against them. An example of a company which has improved its loss prevention plan is Coca Cola Company. The company executives realized that some of company’s confidential information was being stolen and finally the information landed to wrong persons.

The company so far has improved its mechanism at it has realized good results (Fernando 2010).ReferencesPhilip Purpura (2007). Security and Loss Prevention: An Introduction. London: Butterworth-Heinemann.Charles A. Sennewald, John H. Christman (2008). Retail Crime, Security, and Loss Prevention. Amsterdam: Elsevier.Fernando A. C (2010). Business Ethics And Corporate Governance. Delhi: Pearson Education.