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One benefit of implementing the new surveillance system was how it eliminated “blind spots” within stores, such as inside a walk-in beer cooler, which made it easy to prevent theft and catch thieves, according to Harrison.
A significant portion of organizations are overlooking the most effective anti-fraud measures, according to ACFE data. For example, proactive data monitoring and analysis is an anti-fraud control measure at just 37 percent of victim organizations.
Popular retail fraud topics in 2018 included the latest update for credit card fraud news, the side effects of chip technology, and fraudulent returns during the holiday season.
Robocalls reached a record 3.36 billion in April of 2018, according to the voicemail and cell blocking app YouMail. That equates to 1,297 calls placed each second.
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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.
As we reached the final quarter of this Game Day event, RLPSA brought in the big guns. A real MVP—Emmitt Smith—took the stage to share his insights on personal and team performance with championship vision.
So EMV cards have had a dramatic effect on reducing credit card fraud in the United States. But are there any downsides to the adoption of credit card chip technology?