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Tag: theft and fraud
In 2018, readers were most interested in posts about organized retail crime associations, offender perspectives on self-checkout theft, and the latest research on loss prevention analytics applications.
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.
Swipe by swipe, they got rich at Walmart registers. Eight traveling gang members stole millions of dollars, authorities say, by using cloned credit cards...
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.
As technological advances have occurred in other domains such as computer science, the realm of capabilities in our LP/AP world has exploded. However, all too often, there is a willingness to believe that technology offers a panacea.
Asset protection practitioners need to accept and respond to the sea change taking place in the retail industry to avoid being engulfed by it, suggest AP leaders. Warning signs abound.