Many articles in the LPM Insider talk about EMV chip technology in credit cards and how this technology fights credit card fraud. While it’s true that the chips make it much more difficult for fraudsters to create counterfeit credit cards, has the technology caused a major decline in credit card Read More
Tag: fraud prevention
Professional advancement and building a successful loss prevention career can mean many things to many different people. For some individuals it may mean reaching a top leadership position at a particular company, perhaps serving as a director or vice president of loss prevention/asset protection. For others, it may involve gaining Read More
Dallas/Fort Worth area Santander Consumer USA appointed Michael Sanders as vice president of fraud prevention & oversight. Sanders is the former senior corporate loss prevention manager at JCPenney who has also held corporate leadership roles at Sears in loss prevention operations and Frank’s Nursery as director of retail accounting and Read More
Reviewing current and historical fraud data reveals an implausible finding. Despite the refinement of company fraud prevention programs and a corresponding sophistication in employee fraud schemes, the old bogus expense report is a bigger problem now than 16 years ago.
Semi-annual surveys conducted by the Association of Certified Fraud Examiners (ACFE) Read More
By Chris Trlica
Just as the word “e-commerce” has come to refer to a menagerie of different specialized markets, so e-commerce credit card fraud comes in many different guises. And as the great pace of retail evolution dictates that retailers’ transaction processes are constantly changing, so the frauds change with them.
In a bid Read More
The concept of the retail return is a relatively new phenomenon. In the mid- to late-twentieth century, retailers began accepting returned merchandise as an attempt to gain a competitive edge. The concept worked.
For many retailers, flexible returns have become synonymous with quality customer service. Nordstrom, for example, has built a Read More
$3 million in counterfeit merchandise seized
Millions in counterfeit electronics recovered
Online retail fraud jumps 20%
Irish credit card fraud ring
Fake credit card factory in London
Arrest in $70K cell phone thefts
Truck kills 3 in Iowa Walmart Read More
Online retailers have a significant probability of being the intended target of order fraud. An online buyer has the perception of anonymity, which makes it psychologically easier for a person to commit fraud against the merchant. Essentially, the fraudster is looking to obtain merchandise from the merchant without paying for Read More