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Photo by Min An on Pexels.com If you've ever studied building construction, bridge construction, or just about anything else that is manufactured today you will be familiar with the concept of trusses. These are building components that consist of interconnected parts that work together to form one cohesive part of the building. Most commonly you … Continue reading Building Resiliency
Category: Societal
The Foundation of Resilience
At the end of the day, resilience is built upon people who are happy and healthy, so I have one final task for you today. Go and spend the day with the people you love, doing the things you love. Build relationships, make memories, and lean into each other as you work to become more … Continue reading The Foundation of Resilience
The Resilience Brief
Photo by rawpixel.com on Pexels.com We are all pressed for time these days. Many of us are working more than one job while still trying to juggle family, friends, and other relationships. Not to mention trying to find time for looking after yourself. When it comes to doing things to build resilience against disasters and … Continue reading The Resilience Brief
Disasters and Technology
This post has been adapted from one provided free of charge by the Government of Canada and Public Safety Canada via GetPrepared.ca Using Technology During a Disaster Photo by Pixabay on Pexels.com We rely on technology more and more to keep in touch with our family, friends, and colleagues with a click of a button. … Continue reading Disasters and Technology
Welcome to Emergency Preparedness Week 2019
Here in Canada, the first full week of May is celebrated as Emergency Preparedness Week. While I have my own big news coming on Tuesday to help you with your preparedness and resilience, there are lots of other resources out there to help you with getting ready for an emergency! Photo by GEORGE DESIPRIS on … Continue reading Welcome to Emergency Preparedness Week 2019
Bomb Cyclone – Round 2
The areas of the US that were amongst the hardest hit in the "Bomb Cyclone" a few weeks ago are now in the line of fire for another major storm that is expected to set records for both snowfall and barometric pressure. This area of the world has already experienced major flooding from the weather … Continue reading Bomb Cyclone – Round 2


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Paytm Mall on Tuesday said it has been hit by a cashback fraud which could be in the range of Rs 5-10 crore.
The fraud was detected through a tool that the company developed in partnership with global professional services firm EY (formerly Ernst and Young), said a Paytm Mall spokesperson.
He said Paytm went for a deeper audit after it found that some small sellers were getting large percentage of the cashbacks offered at Paytm Mall.
The audit reportedly revealed that a number of employees were colluding with junior employees to earn the cashbacks.
"The fraud is in the range of Rs. 5-10 crore," the spokesperson told IANS.
A brainchild of Paytm Founder and CEO Vijay Shekhar Sharma, the e-commerce platfom's losses have mounted and in the financial year 2018, the company posted a loss of nearly Rs. 1,800 crore on revenue of Rs. 774 crore.
According to Forrester Research, the market share of Paytm Mall almost halved in 2018 — to 3 per cent from 5.6 per cent in 2017.
"Our partnership with E&Y will help benchmark with global best practices as we build a technology driven fraud prevention system to scale our operations," Srinivas Mothey, Senior Vice President – Paytm Mall, said in a statement on Monday.
"Our teams continue to work closely with E&Y to share our learnings and insights. We are committed to building a trusted commerce platform and will take strict action wherever needed," Mothey added.
Over the past few years, Paytm has been bleeding massively in online retail business and there is no respite in sight.
Apart from admin, finance and other support functions, the company also has a business operations team which works closely with partnered merchants to plan and execute cashback offers and promotions leaving a scope for collusion.
"The EY partnership will also undertake audit and fraud prevention using both human and Artificial Intelligence (AI)," said Paytm Mall.
Paytm Mall is far behind the top two e-commerce players in terms of market share. They have a single-digit share against the top leaders which are commanding over 30 per cent market share.
Paytm Mall has so far managed to raise over $650 million from Alibaba, SoftBank and SAIF Partners.
Disclosure: Paytm's parent company One97 is an investor in Gadgets 360.
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