Comments on: A Chilling Reminder Of The Internal Security Threat http://storefrontbacktalk.com/securityfraud/a-chilling-reminder-of-the-internal-security-threat/ Techniques, Tools and Tirades about Retail Technology and E-Commerce Sun, 20 May 2012 01:49:40 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: A reader http://storefrontbacktalk.com/securityfraud/a-chilling-reminder-of-the-internal-security-threat/comment-page-1/#comment-64214 A reader Fri, 04 Dec 2009 05:22:31 +0000 http://www.storefrontbacktalk.com/?p=4291#comment-64214 The old (very very old, like pre-computerized systems old) rule of thumb in retail used to divide shortage into thirds. One third of shortage was external theft, such as shoplifters or con artists. One third was internal theft. And the last third of shortage was due to procedural or other errors, spoilage, damage, etc. Clearly a systems-based internal theft these days could do a lot more than empty a few tills of their change funds. But how often is it really happening, and how will we ever know unless Loss Prevention departments start publishing their figures? The old (very very old, like pre-computerized systems old) rule of thumb in retail used to divide shortage into thirds. One third of shortage was external theft, such as shoplifters or con artists. One third was internal theft. And the last third of shortage was due to procedural or other errors, spoilage, damage, etc.

Clearly a systems-based internal theft these days could do a lot more than empty a few tills of their change funds. But how often is it really happening, and how will we ever know unless Loss Prevention departments start publishing their figures?

]]> By: Evan Schuman http://storefrontbacktalk.com/securityfraud/a-chilling-reminder-of-the-internal-security-threat/comment-page-1/#comment-64212 Evan Schuman Thu, 03 Dec 2009 19:38:37 +0000 http://www.storefrontbacktalk.com/?p=4291#comment-64212 No mystery there. No company wants to admit to an internal assault. If handled properly, it can remain secret. No jail time, no fines. Just a termination and maybe restitution. No mystery there. No company wants to admit to an internal assault. If handled properly, it can remain secret. No jail time, no fines. Just a termination and maybe restitution.

]]> By: Steve Sommers http://storefrontbacktalk.com/securityfraud/a-chilling-reminder-of-the-internal-security-threat/comment-page-1/#comment-64209 Steve Sommers Thu, 03 Dec 2009 18:16:45 +0000 http://www.storefrontbacktalk.com/?p=4291#comment-64209 I have read reports that the annual costs for internal fraud far exceeds the costs for external fraud yet for some reason, internal fraud does not get much press. Go figure. I have read reports that the annual costs for internal fraud far exceeds the costs for external fraud yet for some reason, internal fraud does not get much press. Go figure.

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