🇦🇺Australia

Fraud Risk in Untracked Lost Property Inventory

1 verified sources

Definition

Lack of tracking exposes valuable lost items to internal abuse, with no visibility on item changes or locations.

Key Findings

  • Financial Impact: 1-3% shrinkage on AUD 50,000 annual lost item value = AUD 500-1,500/month theft loss
  • Frequency: Per high-value item (e.g., smartphones avg AUD 800)
  • Root Cause: No audit trail or image recognition for item tracking

Why This Matters

The Pitch: Taxi operators in Australia suffer 1-3% inventory shrinkage on lost high-value items. Audit trail software prevents theft losses.

Affected Stakeholders

Depot staff, Drivers

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Financial Impact

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Current Workarounds

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

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