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Major retailer hacked: Employees rip off customers, steal identities

Major retailer hacked: Employees rip off customers, steal identities
© Photomak | Dreamstime

High-end stores like Saks Fifth Avenue invest tremendous effort to create an image of luxury and style. What they probably don't want you to do is worry that their employees will steal your identity and try to rip you off.

But the latest identity theft scam comes from criminals working at Saks. That's right, five employees at one Saks Fifth Avenue location teamed up to steal over $400,000 of name-brand products between April and August of this year.

How did we find out about these five identity thieves? Well, a victim's bank must have noticed some of the fraudulent charges the employees were placing on the victim's account.  That's all well and good, but my first question after finding this story was "How on Earth did it take that long to catch these idiots?"

If a top-tier store can't figure out that it's hiring criminals until after the fact, that means that no store is safe. Saks claims to have spotted the fraudsters "before they any harm was caused," but I don't think that solves the root of the problem.

Next page: Find out how the scam works on the next page
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