I suspect that this is a subject rarely discussed publicly amongst fellow business owners for fear of ‘loss of face’. Other reasons include client security breaches and reputation, but I can tell you that at least 10% of my clients have experienced employee-conducted fraud, amounting to almost a million dollars. One client had a ‘friend’ managing the payroll for them and she siphoned off $180k over 3 years. The issue was the owner trusted her – she was busy and did not take the time to check the details closely. Needless to say, they are not friends anymore! Another client runs a travel agency where an employee was writing dummy invoices and the bank details were – you guessed it – her own!