What Is External Theft?
External theft refers to the act of stealing goods or products by individuals who are not employees of the business. It usually involves shoplifters who take merchandise from the store without paying for it, or burglars who break into the premises to steal valuable assets. External theft can cause significant financial losses for businesses and can also impact their reputation and customer trust. To prevent external theft, companies often employ tools such as security cameras, security personnel, and electronic tags on merchandise.