Get Our Email Newsletter

Organized Retail Crime News Updates 2018

The Loss Prevention Research Council (LPRC) proposed the term “organized retail crime” in the early 2000s. Since that time, the problem has only become more pervasive. Law enforcement and retailers work hard to stay abreast of emerging issues in ORC, as schemes and techniques tend to change over time.

[text_ad use_post=’120744′]

LPRC experts Stuart Strome, PhD, Read Hayes, PhD, Mike Giblin, and Stephanie Lin consider the latest organized retail crime news updates and issues in an article for the December 2018 issue of LPM Online. The “diversification” of ORC groups into supply chain and cyber crimes are presenting new problems for loss prevention and asset protection professionals. From the article, just one example:

Social Engineering Schemes. These schemes involve getting unsuspecting individuals to provide personal information (social security numbers or credit card information) for fraudulent purposes (Youngblood 2015, 103‐105). Once obtained, organized retail criminals use this fraudulent personal information to take out loans or make large purchases. Some fraudsters may contact retailers pretending to be government or educational institutions, using emails that look official but lack “.gov” or “.edu” extensions. They will make large purchases from retailers, which will be charged to the official institution’s account. They will then contact the institution claiming that the shipment was made in error, providing an address (usually a drop house) for the institution to reship the products.

Read what the experts have to say on other recent ORC schemes, such as cargo theft and online fencing, in “An Update on Emerging Issues in ORC.”

- Digital Partner -

If you’ve missed any of our previous LPM Online editions, go to the Archives page at the end of the edition to see what you’ve missed. Be sure to be an LPM digital subscriber so you are the first to know when new issues are available. If you haven’t already, sign up on the SUBSCRIBE NOW link. (Note: if you’re already subscribed, the previous link will take you to the current issue of the print magazine.)

Loss Prevention Magazine updates delivered to your inbox

Get the free daily newsletter read by thousands of loss prevention professionals, security, and retail management from the store level to the c-suite.

What's New

Digital Partners

Become a Digital Partner

Violence in the Workplace

Download this 34-page special report from Loss Prevention Magazine about types and frequency of violent incidents, impacts on employees and customers, effectiveness of tools and training, and much more.

Webinars

View All | Sponsor a Webinar

Whitepapers

View All | Submit a Whitepaper

LP Solutions

View All | Submit Your Content

Loss Prevention Media Logo

Stay up-to-date with our free email newsletter

The trusted newsletter for loss prevention professionals, security and retail management. Get the latest news, best practices, technology updates, management tips, career opportunities and more.

No, thank you.

View our privacy policy.