CAIB 2 - Chapter 6 Flashcards PDF

### Card Front - Property Crime Annual Rate - Unsolved Property Crimes - Crime & Bankruptcy Correlation - Commercial Property Crime - Real Property Vulnerability - Personal Property Targets - Convertibility & Risk - Value & Attractiveness - Portability & Vulnerability - Forced Entry Points - Protec...

### Card Front - Property Crime Annual Rate - Unsolved Property Crimes - Crime & Bankruptcy Correlation - Commercial Property Crime - Real Property Vulnerability - Personal Property Targets - Convertibility & Risk - Value & Attractiveness - Portability & Vulnerability - Forced Entry Points - Protected Enclosures - Unforced Entry - Forced Opening - Vandalism Statistics - Industrial Espionage - Partial Protection - Complete Protection - Deadbolt Locks - Magnetic Contact Switches - Glass Breakage Alarms - Insuring Agreements II & III - Insuring agreements of - H&B Baoyee Dishonesty insurance - Employee losses post employment - Loss Inside the Premises - What sort of things are covered under the policy for Loss inside the Premises? - What is covered by Loss Outside the Premises? - Who is responsible for Forgery Coverage? - What are management suggestions for preventing forgery? ### Card Back - Approximately 2 million property crimes occur annually, impacting both commercial and residential properties. - Over 75% of property crimes remain unsolved, highlighting the challenge in prosecution. - 25% of bankruptcies are linked to criminal activity, showing crime can disrupt businesses. - 40% of property crimes annually involve commercial properties, signifying businesses are vulnerable. - Commercial buildings face various criminal threats like vandalism, burglary, and arson. - Items like business stock and equipment are often targeted by thieves due to value and portability. - Easily convertible items attract thieves, increasing the risk of theft. - Higher-value items allure thieves, making them prime targets. - Portable items are more prone to theft compared to fixed assets. - Doors, windows, roofs, walls, and even HVAC vents are common targets for forced entry. - Safes, chests, and vaults are targeted for theft through mechanical, thermal, or explosive means. - Unauthorized access using keys, codes, or insider involvement. - Criminal act using force or threats to gain access. - 450,000 cases of vandalism annually, with some exceeding $1,000 worth of damage - The practice of secretly gathering data from competitors. - Protection focusing on only certain entry points (doors, windows), not complete. - Complete security of all entry points (doors, windows, walls, ceilings, etc.) - More secure locks resistant to picking and sawing compared to standard locks. - Security devices triggering alarms when doors or windows are tampered with. - Security that detects broken glass in windows or doors. - Included in the commercial crime insurance policy. - **Insurance Coverage for losses due to premises:** - Money orders and counterfeit cheques. - Depositors forgery - **It is hard to predict losses and employees take a long time to discover if possible. Surprise audit checks are essential. What can be done to improve security?** - Have at least two signatures on all checks. - Have at least two signatures on all cheques. - Surprise audit checks. - Surprise audit cheques. - Conduct surprise audits seasonally for employees with increased chances of settlement. - Loss to money and securities by destruction of safe. Securities shredded by vengeful thieves. - Loss to money and securities by attempted stealing of safe. Securities shredded by vengeful thieves. - **When is Money inside and outside the premises covered?** - Money is covered by insurance, if it's transferred out. - **Who is responsible for covering loss to money and securities?** - A partner or any employee who is authorized to have care and custody of the insured property outside the premises. - A business who writes a large number of cheques. - **What is management suggestions for preventing forgery?** - Altering that yritiperet ar athed veith qubantingit your blank cheques, control the use of your fax machine and plates.