Impact client stealing7/4/2023 ![]() According to the indictment, the tech giant hired Californian Weibao Wang, 35, in 2016 but a year later, he took on another U.S.-based job with a Chinese self-driving car company-without letting Apple know for four months. ![]() Call us at (800) 776-3078 for a consultation.An ex-Apple software engineer is facing charges for allegedly stealing the company’s autonomous systems technology before then fleeing to China, the Department of Justice announced Tuesday. Whether you need Warehouse Insurance or any other type of business or personal coverage, we encourage you to contact our friendly, experienced, and capable team today. Founded in 2009, the Hilb Group has been helping clients to make sense of their options and make the smartest choices for their circumstances. About The Hilb Groupĭeciding what coverage you need and what limits and deductibles make the most sense can be tricky. Businesses need to put forth risk management plans and pair them with adequate FL employee theft coverage to minimize as much loss as possible. The persistence of internal theft when effective measures aren’t in place leads to other workplace crime instances. This includes surveillance cameras, identity badges, and restriction of employee access to materials. Tension in a company arises between management and staff when stricter rules are put into motion to prevent theft. Psychological EffectsĮmployee theft causes the employer to step up security measures that affect the entire workplace. To cover the losses caused by employee theft, a company may have to lower payroll by releasing employees, delaying key personnel promotions, and putting company expansion plans on hold. The damage done by employee theft is the cause of nearly a third of business bankruptcies in the U.S. This crime is committed by using company time to conduct personal business.
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