Tag: loss prevention policy and procedures
Credit Card Chip Technology Has Been Effective at Reducing Fraud. But…
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?
Low Tech Still Works for Detecting Counterfeit Currency
In 2015, $78 million in counterfeit currency was passed in the United States, according to a report by the US Secret Service. Nearly 7o percent of that $78 million was created with the use of digital printing technologies.
Credit Card Fraud Detection
Employees should be taught the signs of customer who uses a stolen credit card. Credit card fraud detection signs may include the red flags listed in this post.
How to Manage Inventory: Shrink Visibility
At a time when store margins are under intense competitive pressure, retail shrink can make or break a retailer's bottom line. But retail shrink numbers are vulnerable to blind spots and imprecise metrics.
How Much Do You Know about Credit Card Fraud Protection?
According to online statistics database Statista, the value of payment fraud losses in the United States rose from $5.6 billion in 2012 to an estimated $9.1 billion in 2018.
The ABCs of Investigating Theft in the Workplace
Few core competencies are as important to senior loss prevention executives as a proficiency in theft investigations. Whether it is knowing when to initiate an investigation, how...
The 11 Habits of Low-Inventory Shrink Retailers
In his bestselling book, The 7 Habits of Highly Effective People, Stephen Covey presented a holistic, principle-based approach for solving personal and professional problems....
Two Credit Card Fraud Scams LP Should Know About
Because the retail industry relies so heavily on credit transactions, it is particularly affected by credit card fraud scams.
Putting the Brakes on Counterfeit Merchandise: A Case Study
The trade in counterfeit merchandise globally is getting worse, and US retailers are being hit the hardest, according to a 2017 report from the...
Exactly What Is a Shoplifter and How Much Do You Know?
When asked “What is a shoplifter?”, most readers of the LPM Insider probably have a pretty good idea of how to respond. I do...