Gift Card Cloning
While effective in driving sales, gift cards have also caused fraud headaches for retailers for years. Gift card fraud can range from physical theft to gift card cloning to exploiting errors on the...
View ArticleHoliday 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 retailers from return fraud—for just the holiday season—at more...
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Fraud Detection Using Big Data
Deep inside the data warehouses of companies across the world, there are billions of dollars trapped in the subtle variations between the binary 0s and 1s that make up fraud and loss prevention data....
View ArticleLow Tech Still Works for Detecting Counterfeit Currency
Although retail fraud trends in the news these days seem to be all about online credit card fraud by computer hackers, and identity theft incidents to the tune of billions of dollars happening on a...
View ArticleCounterfeit Goods and Trademark Enforcement
According to statistics from the International Anti-Counterfeiting Coalition (IACC), the total value of intellectual property (IP) rights-related seizures was about $1.22 billion in 2014. Leading IP...
View ArticleThe Latest Credit Card Fraud Statistics and Insights
Despite the introduction of more secure chip technology (also known as Europay, Mastercard, and Visa, or EMV technology), credit card fraud remains a concern for retailers and consumers everywhere. The...
View ArticleCredit Card Fraud Detection
A common type of fraud involves the use of credit cards as the form of tender to obtain goods or services and typically originates with the theft of the actual credit card or the account number. Credit...
View ArticleEMV Is Supposed to Help Eliminate Fraud with Credit Cards… But We’re Not...
Fraud and cyber security have never been more on the forefront of asset protection professionals’ list of things that keep them up at night than they are today. With the introduction of the EMV chip,...
View ArticleCredit Card Fraud News and Updates
Many articles in the LPM Insider talk about EMV chip technology in credit cards and how this technology fights credit card fraud. While it’s true that the chips make it much more difficult for...
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Fundamentals of Credit Card Skimmer Fraud
A credit card skimmer is a device by which thieves and fraudsters steal credit card information. Often, these events will occur in the retail setting, but there are other ways by which the devices can...
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E-commerce Credit Card Fraud: The Growing Challenge
Just as the word “e-commerce” has come to refer to a menagerie of different specialized markets, so e-commerce credit card fraud comes in many different guises. As the great pace of retail evolution...
View ArticlePutting the Brakes on Counterfeit Merchandise and Brand Erosion
The trade in counterfeit merchandise globally is getting worse, and US retailers are being hit the hardest, according to a new report from the Organization for Economic Cooperation and Development and...
View ArticleTwo Credit Card Fraud Scams LP Should Know About
In our tech-focused age, credit card (and debit card) fraud continues to be one of the most common and fastest-growing types of crime. Because the retail industry relies so heavily on credit...
View ArticleHow Much Do You Know about Credit Card Fraud?
Credit card fraud is defined by Wikipedia as “a wide-ranging term for theft and fraud committed using or involving a payment card, such as a credit card or debit card as a fraudulent source of funds in...
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Fraud Detection Techniques Using Big Data
Deep inside the data warehouses of companies across the world, there are billions of dollars trapped in the subtle variations between the binary 0s and 1s that make up fraud and loss prevention data....
View ArticleThe 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 attempt to gain a competitive edge. The...
View ArticleCredit Card Fraud Detection
A common type of fraud involves the use of credit cards as the form of tender to obtain goods or services and typically originates with the theft of the actual credit card or the account number. Credit...
View ArticleWhat Do the Dark Web and Bitcoins Have to Do with Credit Card Fraud and...
In case you aren’t familiar with the terms, let’s start with a couple of definitions: Dark web – a collection of websites that exist on an encrypted network and cannot be found by using traditional...
View ArticleLow Tech Still Works for Detecting Counterfeit Currency
Although retail fraud trends in the news these days seem to be all about online credit card fraud by computer hackers, and identity theft incidents to the tune of billions of dollars happening on a...
View ArticleCounterfeit Goods and Trademark Enforcement
According to statistics from the International Anti-Counterfeiting Coalition (IACC), the total value of intellectual property (IP) rights-related seizures was about $1.22 billion in 2014. Leading IP...
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