ICYMI: LP Industry News of the Week Oct. 16-22

LPM news in review

We know that your week can get busy, and the time you have to catch up on the news from around the retail loss prevention industry is often stolen away by other things. That’s why the LPM team sifts through headlines from all over the country to bring only the most relevant LP news to you here, in our special weekly news round-up — the perfect bookend to a productive week.

Here’s What You May Have Missed

Congress Accuses Amazon Executives of Lying Under Oath
Members of a congressional committee accused Amazon executives of misleading them while under oath during an investigation of the company’s business practices. Congress is now asking the company to provide evidence that they were telling the truth.

San Francisco Offers Cash Rewards for Info on Auto Burglars
San Francisco Mayor London Breed announced on Tuesday that the city is offering cash rewards of up to $100,000 for information on ringleaders of high-level auto burglaries. The cash rewards are coming from private donors in the tourism and hospitality industry.

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How Counterfeit Products From Overseas Affect the U.S.
The Retail Industry Leaders Association’s Michael Hanson writes about how counterfeit products from overseas that are sold online are taking a toll on U.S. businesses and consumers. He estimates that $54.1 billion in sales has been lost.

Chicago’s Magnificent Mile Crumbles Due to Retail Theft
The Chicago Police Department has issued a formal warning after continued robberies on the city’s Magnificent Mile, a famous retail area. Almost two years after the start of the pandemic, a stretch of the street is vacant, and newcomers are hesitant to move in.

Number of Data Breaches in 2021 Already Surpassing 2020
By the end of September of 2021, there had already been 1,291 data breaches since January. This surpasses the total number of data breaches in the U.S. in 2020 — 1,108 — by 17 percent. This points to 2021 being a record breaking year for breaches.

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