Retailers Take on the Fight Against Organized Crime

Robberies, employee theft and organized retail crime create billions of dollars in losses for stores every year, so companies are increasingly concerned about cybercrime.

Anxiety about cybercrime was one of the chief findings of a recently released survey from the National Retail Federation and the University of Florida, said Bob Moraca, the NRF’s vice president for loss prevention. Cybercrime also was a hot topic at NRF Protect, a convention devoted to loss prevention and cyber risk, held June 11–13 at the Anaheim Convention Center in Anaheim, California.

“As criminals find new ways to steal, loss prevention teams are finding new ways to stop them,” Moraca said. “Increasingly, this is a battle focused on technology.” An increasing awareness of cybercrime and fraud comes with the rise of omni-channel retail, which focuses on digital sales. The NRF/University of Florida survey asked loss-prevention executives the source of the largest increase in fraud against retailers… CA Apparel News

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