Tag: fraud
Loss Prevention at Automated Retail Giant Outerwall
You’ve likely rented a DVD from a Redbox or cashed in your penny jar at the Coinstar kiosk at your neighborhood grocery store. But...
EyeOnLP: Bitcoin Transactions—Are They The Future of Retail?
When it comes to security, is Bitcoin any more secure than our current methods of payment? According to Adam Smith at Bi-Lo Holdings, Bitcoin is very secure--if handled correctly.
Loss Prevention Strategies Take on New Meaning When Your Inventory Is Alive
Tom Floystrop is an inherently practical loss prevention professional with an interesting approach to loss prevention strategies and the challenges of the LP industry....
Couple Charged with Identity Theft in $1.3 Million Retail Fraud Scheme
A former Manhattan hospital worker and his wife have been charged in an identity theft scheme after stealing the personal information of hospital patients...
Target Corp. Reaches New Settlement Over 2013 Data Breach
Target Corp. has agreed to pay more than $39 million to resolve class-action claims from financial lenders that suffered losses after the company’s massive...
Large Online Retail Fraud Operation Busted in Florida
State authorities in Florida recently shut down an online retail fraud ring linked to a man's eBay store where he and others allegedly sold...
How Strict Return Rules Can Decrease Retail Revenue (The Retail Equation)
Merchandise return transactions are a critical part of the customer experience of retail. The objective is an optimal return rate, where the retailer finds...
The Art of the Kiosk
A passerby might be forgiven for walking by a Coinstar or Redbox kiosk and regarding it as a glorified vending machine. But behind the...
Staying Connected to the Field
EDITOR'S NOTE: Mike Silveira is vice president of loss prevention for CVS Health. Prior to CVS, he held numerous management positions with Home Depot.
EDITOR:...
Identity Theft Suspect Arrested for $1 Million Worth of Cloned Credit Cards
A 29-year-old Florida man was recently arrested after a traffic stop when police discovered marijuana and counterfeit cloned credit cards in his vehicle. According...