Content about Crimes

November 12, 2013

Shrink, comprised of shoplifting, employee or supplier fraud, organized retail crime and administrative errors, cost the retail industry more than $112 billion globally last year, and represented 1.4% of retail sales, on average, according to the 2012-2013 Global Retail Theft Barometer.

June 17, 2013

Nine owners and managers of 7-Eleven stores across Long Island (New York) and in Virginia were charged on Monday of harboring and hiring dozens of illegal immigrants and paying them using sham Social Security numbers.

March 29, 2013

Forty percent of retailers have no online fraud prevention in place, despite the fact that 85% consider online fraud prevention a high priority, according to a survey by ThreatMetrix, a provider of integrated cybercrime prevention solutions.

December 3, 2012

Retailers in the United States are expected to lose $8.9 billion over the holiday season as a result of shoplifting, dishonest employees and vendor or distribution losses, according to a new study released by the Centre for Retail Research.

November 20, 2012

By Greg Smith, Accudata Technologies

September 18, 2012

The “True Cost of Fraud” study by LexisNexis found that retailers incurred $2.70 in costs for every dollar in fraudulent transactions.

June 26, 2012

Despite reporting an uptick in organized retail crime, the National Retail Federation revealed that retail theft rates decreased in 2011, according to preliminary results of the organization's latest National Retail Security survey.

March 15, 2012

Fraud prevention and risk management provider Accertify said that Forever 21 will deploy its fraud prevention solution, customized to the retailer’s e-commerce business.

November 21, 2011

More than 50 professional shoplifters have been arrested in an undercover operation in the Chicago area, the Chicago Tribune reported.

November 10, 2011

Survey results released Thursday by the National Retail Federation found that fewer retailers expect return fraud rates to grow this holiday season, due in part to stronger checks and balances and to enhanced return policies.

October 6, 2011

A report released Thursday by the Retail Industry Leaders Association found significant increases in shoplifting and pharmacy theft, in particular.

September 20, 2011

A survey released Tuesday by ThreatMetrix and The Ponemon Institute found that the majority of consumers have real concerns about online fraud.

September 13, 2011

For every $100 in fraudulent transactions, retailers incurred a “true” cost of $230, according to a new study released Tuesday by LexisNexis Risk Solutions.

June 28, 2011

Retailers lost $37.14 billion to theft last year, or 1.58% of retail sales, up from 1.44% in 2009, according to preliminary results of the National Retail Security Survey.

May 9, 2011

Kroger Co. is increasing its efforts to stop organized retail theft rings, the Cincinnati Enquirer reported.

March 23, 2011

Accertify, a provider of software, tools and strategies for preventing fraud and a subsidiary of American Express, announced that Abercrombie & Fitch has implemented its Interceptas fraud prevention platform to enhance the retailer's ability to protect against credit card fraud in its direct-to-consumer business.

February 11, 2011

One-third (29% ) of consumers across eight major economies have been victims of credit-card fraud in the past five years, according to the 2010 Global Card Fraud Survey by ACI Worldwide, an international provider of payment systems.

January 18, 2011

Survey results released Tuesday by CyberSource, a Visa Co., showed that the online fraud rate has remained flat in the United States and Canada; however, U.K. merchants are seeing a rise in e-commerce fraud.

November 8, 2010

A report released Tuesday by the National Retail Federation said that the retail industry is...

October 18, 2010

Global retail theft totaled $107.3 billion in 2010, representing a 5.6% decrease from the prior...

September 28, 2010

The Interceptas platform by Accertify has been selected by Walgreen Co. for preventing online credit-card...

September 21, 2010

In a letter sent Wednesday, the Retail Industry Leaders Association (RILA) urged U.S. House of...

June 14, 2010

A report released Tuesday by the National Retail Federation found that retail shrinkage decreased to...

June 3, 2010

A federal jury on Thursday convicted an Illinois couple of defrauding Best Buy Co. out...

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