Retail Fraud

In the final episode of LPM’s  Inside Scoop with a Fraudster Podcast featuring Alexander Hall and Stefanie Hoover, the two discuss the frightening reality of identity theft, and how to conquer it.

Unfortunately, with retail employees leaving jobs more frequently and an increased reliance on seasonal workers, employee fraud is on the rise.

Cryptocurrency can help combat centralized financial power. But it can also attract criminals who use it to steal and commit fraud.

In episode three of LPM's Inside Scoop with a Fraudster podcast series, Stefanie Hoover, CFI and Alex Hall talk about why check fraud is still a viable fraud method—and one that can do a lot of damage to retailers.

The growth in the use of various types of self-checkout systems (SCO), especially, but not exclusively in grocery, is one of the defining transformations of 21st century retailing.

Retail fraudsters are always coming up with new ways to sneak unpaid merchandise out of stores, making it hard to proactively mitigate losses.

Refund fraud is a major concern across all retailers. It is a favorite methodology of organized retail crime rings, whether via returning items they just plucked off the shelf, buying a premium item and returning a cheap knockoff for a full refund, or one of many other schemes.

Episode Two of the Inside Scoop with a Fraudster podcast continues the revealing conversation between LP Magazine's Stefanie Hoover and Alexander Hall.

Consumers are expected to return more than $816 billion worth of retail merchandise purchased in 2022, according to a report released today by the National Retail Federation (NRF) and Appriss Retail.

Today, illegitimate credit card chargebacks, known as “friendly fraud," cost sellers a staggering $125 billion per year.