Tag: types of fraud
How to Detect Occupational Fraud and Abuse in Your Store
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.
LPM Insider’s Top 5 Retail Fraud Articles of 2018
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.
RESEARCH: Retail Theft and Loss Prevention Analytics
Who shoplifts? There is no typical profile of a shoplifter. Based on our experience of interviewing offenders, shoplifters can be male or female, of any race, as young as five or well into their seventies.
AI Helps Retailers Root Out Fraud in Online Order Fulfillment
To retail customers on couches—if they were to give it a second thought—virtual shopping might seem magical. With a few mouse clicks or screen touches, they can conjure up just about anything to appear on their doorstep.
RCC LP 2017 Conference to Offer New Connections and Industry Insights
Advances in communication technology open up a world of innovation and opportunity. However, they also expose businesses to new vulnerabilities that have the potential...
The Evolving Impact of Return Fraud and Abuse
The concept of the retail return is a relatively new phenomenon. In the mid- to late-twentieth century, retailers began accepting returned merchandise as an...
The Evolution of the Retail Loss Prevention Professional
What is the role of retail loss prevention? What may seem to be a simple question has grown increasingly more complicated as various functions,...
Holiday Return Fraud Statistics for 2017
More than 5 percent of holiday returns in 2017 are expected to be fraudulent, according to retailers. That would put the total loss to...
Can a Smart IP Video Solution Help You Solve Problems You Didn’t Know You...
LP executives often preside over two operations. First, there is the one you think you have—the losses you believe you suffer, the stores you suspect are problematic, and so on. Then, there is the operation that you see after deploying an enterprise IP video solution that ties into data streams such as point-of-sale (POS) systems.