Tag: internal fraud
Fifteen Years of Loss Prevention
Based on another project, I have spent two months combing over every issue of Loss Prevention magazine. Being a reader from the very beginning...
LP101: Credit Card Fraud
Credit card fraud is a common type of criminal activity in the retail setting that involves the use of credit cards as the form...
The Benefits and ROI of Online POS Exception Reporting
According to industry surveys as well as industry buzz, it’s one of the hottest technologies in the retail loss prevention industry, with users swearing...
New Grads ‘Risk Their Futures’ by Committing Job Application Fraud
Young people are being warned of the consequences of lying on job applications as thousands of recent graduates enter the job market and make...
The Growing Role of Retail Loss Prevention Professionals
In the not-so-distant past, the primary responsibility of loss prevention personnel was to deter theft and control shrink. Many of us started our careers...
Reorganizing the Retail Loss Prevention and Asset Protection Teams at Staples
Dan Provost, LPC, is vice president of global loss prevention for Staples. His retail career began more than 25 years ago as a store...
US Retail Fraud Survey Reveals Employee Theft Major Concern for Retailers
Theft by employees, of both stock and cash, is now among retailers’ top three areas of concern, according to the US Retail Fraud Survey...
$300,000 in T.J.Maxx, Marshalls Gift Cards Cloned in Internal Fraud Scheme
The U.S. Secret Service is investigating an alleged internal fraud scheme involving a member of the company’s loss prevention team and a cohort that...
Growth: The New Shrink
United Kingdom clothing chain New Look is to retail what Madonna is to contemporary music—a brand that is successfully reinventing itself as an iconic...
Stopping Theft with the Click of a Mouse
Detecting internal theft at JCPenney has leap-frogged into the 21st century. Just five years ago, attempting to identify possible fraudulent refunds meant that every...