Articles Tagged with ''retail theft''

Shrink, comprised of shoplifting, employee or supplier fraud, and administrative errors, rose in the U.S. from 1.28 percent of sales in 2013-2014 to 1.97 percent during 2014-2015.

According to the LexisNexis® True Cost of Fraud study, merchants are overwhelmed by increasing revenue losses to fraud.

A survey has found that that 56 percent of consumers are unaware of what an EMV or 'chip' credit card is.
 

When it comes to the organized crime gangs that wreak havoc on retail stores, inventory and the bottom line, retailers are getting more aggressive in their efforts to fight the problem.

Two men were criminally charged over their alleged roles in a conspiracy to steal 94,000 credit and debit card numbers from Michaels Stores Inc.

A new study from NRF PROTECT finds that retailers lose billions of dollars to shoplifting, employee and vendor theft and administrative error – collectively known as inventory shrink.

More than 1.2 million shoplifters and dishonest employees were apprehended in 2014 by just 25 large retailers who recovered over $225 million from these thieves, according to the 27th Annual Retail Theft Survey conducted by Jack L. Hayes International.
 

According to a new report from Barclays, 47% of the world’s credit card fraud happens in the United States, even though Americans only account for 24% of the total credit card volume.

 Subway will be soon adding an extra measure of security to protect its tens of thousands of franchise locations around the country. 

The University of Phoenix® College of Security and Criminal Justice introduced two new degree programs in security management.