Ppt (group 6)
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Transcript of Ppt (group 6)
Asian American (AA) Market Inc.
Where did it come from?
Founder – Yuseta A. CaitonFounded in 2000Located in LA, California“Organic only” policyAsian and American productsStore Motto: “Live Fresh, eat fresh”
Stealing another person's identity in which someone pretends to be someone else in order to obtain credit and other benefits in that person's name.
Types of Identity theftCriminal identity theft (posing as another person when
apprehended for a crime)
Financial identity theft (using another's identity to obtain credit, goods and services)
Identity cloning (using another's information to assume his or her identity in daily life)
Medical identity theft (using another's identity to obtain medical care or drugs)
Child identity theft (using a child’s identity to commit any of the above actions)
Budget Breakdown for 2005
Identity TheftCustomer TheftEmployee TheftStore Expenses
Budget Breakdown for 2010
Identity TheftCustomer TheftEmployee TheftStore Expenses
SkimmingThe theft of credit card information that is used in an otherwise legitimate transaction.
How is it done? It is typically an "inside job" by a dishonest
employee.
Usually committed by photocopying receipts or using a small electronic device (skimmer) to steal hundreds of credit card numbers.
What does a Skimmer look like?
Countermeasures • The only way to control the problem with electronic skimming is to ensure the security of the terminals by manually inspecting them.
• Severe penalties (fines) can be issued if the machines are compromised.
Other defenses against identity theft
Pan Truncation not displaying the full number on receipts
Tokenization (Data Security)not storing the full Credit Card number in
computer systems
Requesting additional information
Employee Theft
Theft of moneyMoney is one of the most common assets that are stolen from Employers
Theft of timeEmployee is paid for time which they did not workEmployee who are not working while on the job
Theft of suppliesTheft of supplies is another prevalent form of employee theft. Common examples of this form of theft are office supplies and restaurant supplies
Why Careful selection is importantPerformanceCosts
Customer Theft
Types of Customer Theft
Customers using their children
Steaming (a technique where a large gang enters a store to steal large quantities of goods before leaving)
Customers using bags, purses, and coats
First Solution
Hire a security team
Members of the security team: head of security, surveillance system monitor, two doors guards, and secret shoppers
All security members are required to have certain skills
Second SolutionElectronic Article Surveillance System
An EAS system is a technology used to recognize stolen merchandise as it passes through a gated area in a store.
Third Solution
Lock up expensive merchandise
Merchandise that exceeds a certain limit of value then we will keep the items locked in a clear case that only an employee can unlock.
Final SolutionA Surveillance System
16 camera system
ConclusionEstimated cost of new security measures:
$120,000 per store
Estimated 50% decrease in store theft within one year