CASE STUDY – REFUND FRAUD
Another major success for the team this week, although disappointing for the charity involved. A recent compliance audit conducted by one of our team raised concerns around a missing audit trail for a number of cash refunds, which was verified using Transpeye, our data mining software.
A subsequent investigation, involving reviewing relevant till point CCTV, quickly established that a member the shop management team was processing fraudulent refunds using discarded customer till receipts and then pocketing the money. Once the CCTV footage was shown to the staff member, a confession quickly followed and the individual was dismissed, with further action being considered.
This depressing case highlights both the recent rise in refund fraud and the vital importance security processes and infrastructure plays in your business – compliance audits, EPoS data mining, CCTV and effective interviewing being the key factors in helping to resolve this incident in a timely and effective manner.
Lodge Service Charity – Proud Supporters of Charity Retail
