What is cash theft also known as?

The term "cash theft" refers to the unauthorized taking of physical cash, and it is also known as cash management fraud. This type of fraud typically involves various schemes aimed at exploiting weaknesses in cash handling processes, leading to the direct loss of cash assets.

Cash management fraud encompasses a range of activities that can include employee theft, where individuals manipulate accounting records to misappropriate funds, or scenarios where cash is physically stolen from a point of sale or cash register.

In contrast, account takeover involves unauthorized access to someone else's bank account, financial fraud is a broader category that incorporates several types of financial crimes, and card skimming specifically refers to the theft of credit or debit card information through devices that capture data from cards. Thus, cash management fraud is the most directly related term to cash theft.