35k unique visitors in the last 3 days

Prepaid Voucher Theft

It stands to reason that anything that has a value like cash, and which can be bought and sold, needs to be guarded as securely as cash. Examples are postage stamps, gift tokens and prepaid telecoms vouchers. At least in telecommunications the vouchers can be canceled when the theft is discovered, but if security is too weak to stop the theft, it may not be tough enough to discover it promptly either. Better to stop the initial theft than rely on blocking the cards later. Fortunately, Ghana Telecommunications were able to respond quickly enough to a recent robbery; read here about the theft of US$250,000 of prepaid vouchers from Ghana Telecommunications stores in Accra.

Eric Priezkalns
Eric Priezkalnshttp://revenueprotect.com

During his career, Eric has been a Director of Risk Management for a national telco, the Chief Executive of the Risk & Assurance Group, a Chief Marketing Officer for a software business, a consultant, a public speaker and the publisher of Commsrisk since its launch in 2006. Look here for more about the history of Commsrisk and the role played by Eric.

The comms providers that Eric has worked for include Qatar Telecom, Cable & Wireless, T‑Mobile, Sky and Worldcom. In addition to his proficiency at speaking about the current scamdemic, Eric is also a qualified chartered accountant and a subject matter expert in consumer protection, enterprise risk management, fraud prevention, data integrity and billing accuracy. Eric was the lead author of Revenue Assurance: Expert Opinions for Communications Providers, published by CRC Press. He can be reached through the contact form on this website.

Related Articles

The Commsrisk Global Fraud Dashboard


Our Global Fraud Dashboard uses AI-powered search to collate, update and visualize data about scams and other network abuses from around the world. New charts are added each month. See it here.

Get Our Weekly Newsletter by Email