-
Study: 45% of retailers have no online fraud prevention
San Jose, Calif. -- 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.
The study, “The ThreatMetrix 2012 State of Cybercrime Study,” was conducted by Info-Tech Research Group and surveyed U.S. business managers and IT executives within retail and financial services organizations on the level of cybersecurity solutions they have in place.
-
Fred’s Q4 profits down; to accelerate pharmacy expansion
Memphis -- Fred's Inc. said Thursday that its fourth-quarter net income decreased 33% amid higher operating costs and restrained consumer spending. The discounter’s forecast for this year also fell below analyst expectations.
Net income for the three months ended Feb. 2 fell to $6.6 million, compared to $9.8 million the year before.
Revenue increased 7%, to $533.4 million, also below analysts’ expectations. Same-store sales were up 4.8%.