Check out this handmade sign posted to the front door of a shuttered Jimmy John's sandwich chain shop in Missouri last week. See if you can tell from the store owner's message what happened. If you guessed that someone in the Jimmy John's store might have fallen victim to a Business Email Compromise (BEC) or "CEO fraud" scheme — wherein the scammers impersonate company executives to steal money — you'd be in good company. In fact, that was my initial assumption when a reader in Missouri shared this photo after being turned away from his favorite local sub shop. But a conversation with the store's owner Steve Saladin brought home the truth that some of the best solutions to fighting fraud are even more low-tech than BEC scams. Visit any random fast-casual dining establishment and there's a good chance you'll see a sign somewhere from the management telling customers their next meal is free if they don't receive a receipt with their food. While it may not be obvious, such policies are meant to deter employee theft. The idea is to force employees to finalize all sales and create a transaction that gets logged by the company's systems. The offer also incentivizes customers to help keep employees honest by reporting when they don't get a receipt with their food, because employees can often conceal transactions by canceling them before they're completed. In that scenario, the employee gives the customer their food and any change, and then pockets the rest. You can probably…
https://govanguard.com/wp-content/uploads/2018/04/Header_Logo.png 0 0 govanguard https://govanguard.com/wp-content/uploads/2018/04/Header_Logo.png govanguard2022-06-20 13:56:002022-06-20 13:56:00Why Paper Receipts are Money at the Drive-Thru
Our Standard Office Hours
Monday – Friday: 8:00AM – 5:00PM EDT
Saturday – Sunday: Closed
Where to Find Us
Data Privacy Notice
- – All product names, logos, and brands are property of their respective owners.
- – The use of these names, logos, and brands is for identification purposes only and does not imply endorsement.
- – Content syndication and aggregation of public information is solely for the purpose of identifying information security trends, all syndicated content contains source links to the content creator website. All content is owned by it’s respective content creators.
- – If you are an owner of some content and want it to be removed, please email firstname.lastname@example.org