Yofi Holistic Protection Identifying Employee Abuse

Employee theft is a significant challenge for many businesses. The National Retail Federation estimates that it accounts for about 25% of shrink losses. On average, internal theft cases are valued at $1,203.16 each. 

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To combat this issue, Yofi has developed a powerful solution to assist Loss Prevention and Risk teams in identifying and addressing employee abuse and theft. Our system allows for easy integration of employee tags into the Yofi Portal, which displays all customer purchases and interactions (external, internal, in-store, and online), providing the most holistic protection for your business.

Key Highlights

• Detection of Warehouse Anomalies: Our system identifies suspicious employee behavior in warehouses, flagging potential theft or misuse of resources.
• Identification of Unauthorized Reselling and Return Fraud: We pinpoint employees involved in unauthorized reselling and return fraud, helping you take swift action.
• Mitigation of Collusion with Organized Retail Crime (ORC): Our advanced monitoring detects collusion between employees and ORC contacts, preventing large-scale fraud operations.

Customer Impact

Our solution has already made a significant impact. We recently assisted a large multinational brand in uncovering employees exploiting discounts and returns to unauthorizedly resell items. Our flagging system identified these individuals within hours, revealing abuse that had been ongoing for months. This allowed the brand to take immediate action, safeguarding its resources and revenue.

Conclusion

At Yofi, we are dedicated to safeguarding our customers from internal and external threats. Our employee abuse identification feature saves time, reduces losses, and protects your business from internal fraud. Stay tuned for more updates as we continue to innovate and enhance our solutions to combat fraud and improve operational security.

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