• Communicate with your employees about the economy and how it will affect your organization. Be open and honest while discouraging them not to panic and resort to theft.
• Conduct more internal audits.
• Increase company oversight by upper management and owners.   
• Reconcile bank statements immediately.  
• Consider using a payroll service to ensure accuracy.    
• Purchase Embezzlement Insurance.     
• Consider installing surveillance equipment. Be mindful that this may decrease employee morale if they feel that they are not trusted.     
• Upper management may consider taking a pay decrease or not receiving bonuses like lower-level employees. Let employees know that everyone in the organization is affected by the economy.  
• Give different employees different jobs, such as one person handling transaction authorizations, one person collecting or paying cash and one person maintaining records. Do not allow one employee to have too much control. 
• Encourage employees to use their vacation time. If someone is stealing, it may become more evident once they are away for a few days.      
• Establish a fraud hotline for employees to report suspicious or fraudulent behavior. Give them the option to call anonymously.
• Conduct thorough background checks on all your new hires.

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