Security and alarm codes and passwords are routinely shared for convenience, and are changed infrequently. Institutions are not always successful in retrieving keys and other access devices from employees who terminate employment. Keys, access codes and devices, and passwords are not always changed when an employee terminates employment. Cash-handling employees often store and collect containers of cash and negotiable documents within their assigned cash vault areas without supervision or the presence of another control employee. Night drop and ATM facilities are also often reconciled in single custody.
Embezzlers often use the time frame immediately following a reconcilement to commit a theft.
1999 Security Education Systems Dana Turner is a principal with Security Education Systems , a consulting, training and investigation firm located near San Antonio, Texas. As a speaker and conference facilitator, Dana has acquired an excellent reputation as a dynamic, knowledgeable and entertaining instructor. In addition to his work with state banking associations, he designs and participates in continuing education programs offered by the American Bankers Association, Bank Administration Institute, Drug Enforcement Administration, the Federal Financial Institutions Examination Council, the Association of Certified Fraud Examiners and Bankers' Hotline. As a writer, Dana has written many manuals and books, and numerous newspaper, trade publication and magazine articles published and distributed both nationally and internationally.