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 Priezkalns
Eric is the Editor of Commsrisk. Look here for more about the history of Commsrisk and the role played by Eric.

Eric is also the Chief Executive of the Risk & Assurance Group (RAG), a global association of professionals working in risk management and business assurance for communications providers.

Previously Eric was Director of Risk Management for Qatar Telecom and he has worked with Cable & Wireless, T‑Mobile, Sky, Worldcom and other telcos. He was lead author of Revenue Assurance: Expert Opinions for Communications Providers, published by CRC Press. He is a qualified chartered accountant, with degrees in information systems, and in mathematics and philosophy.