Do you want your company to suffer such losses? What will you do to protect your company from hiring such employees? The first step is to do an employment history background check before hiring any potential employees. At least you can filter out those already with a record.
In 2007, a microsoft employee, Carolyn Gudmundson, was indicted on charges that she raked in more than $1 million during a four-year period by falsifying expense reports she filed for domain name registration charges.
That is not her first time in the spotlight. In December 1999, Gudmundson was listed as the administrative contact responsible for Microsoft's Passport.com domain when the service stopped working knocking 60 million Hotmail users offline. The cause? Someone forgot to renew the domain name registration.
Already with a bad record, she continued working there. Could the 'disaster' been prevented? What if she gets out after her sentence? Would you have known of her past record? Do you think she would have included her record in her resume?
Her resume would look very promising. Having extensive experiences working with a big company and so forth. Would you want to end up employing someone like her? Sure, she is very capable... very capable of helping herself.
She might turn over a new leaf for all you know, but having done an employment history background check will give you the knowledge of her employment history and help you decide at your own discreet whether you want to employ someone with such a record. Doing a simple background check will actually determine the safety of your practices and is a good start for preventive measures.