An inexplicable rise in organized retail crime during the past couple of years, perhaps due to police passivity, has major retailers looking to upgrade their equipment, technology, policies and procedures, and training for employees to combat loss prevention.
Forter, a fraud prevention company, said that online fraud attacks grew 8.9% in 2016 and early 2017 compared to 2015, a reduction from the 2015 increase when significant fraud moved from point of sale (POS) to online.
The recent trend within large retail store networks (Walmart, Costco and Target to name just a few) isn’t so much the latest fashion, but rather an increase in the number of violent crimes.
eBay is developing a new authentication program for some of its higher-end items to create a network of professional authenticators it can use to verify that products are legitimate.
Despite expectations that the first “digitally native” generation would want to shop online, a study found that almost all members of Generation Z prefer to shop in bricks-and-mortar stores.
One minute and thirty-six seconds. That’s all it took for seven thieves, both men and women, dressed in hoodies and jackets that adequately concealed their identity, to enter an Apple store in Natick, Massachusetts, in a carefully coordinated heist. They were able to disable security tethers and make off with 19 iPhones, worth about $13,000.