How Much Do You Know about Credit Card Fraud Protection?
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...
View ArticleHow All Merchants Can Book a Better Fraud Prevention Future
Fighting digital commerce fraud is an unrelenting challenge for all merchants that do business online. To put it bluntly, it’s revenue protection. Chargebacks resulting from approved fraudulent orders...
View ArticleCredit Card Fraud Detection
One 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. But...
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 ArticleCredit Card Chip Technology Has Been Effective at Reducing Fraud. But…
We know that the United States was late in adopting widespread use of EMV (chip) credit cards. Finally, in 2015, we began catching up to the rest of the world when it came to the implementation of...
View ArticleGift 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 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 ArticleDoes Counterfeit Fashion Fund Terrorism?
According to fashion writers and historians, every woman’s wardrobe should contain that versatile “little black dress” (LBD). The origins of the phrase and the simple, yet elegant, black cocktail dress...
View ArticleCredit Card Fraud News: 2018 Update
We cover a lot of credit card fraud news in the LPM Insider. It’s a natural topic for a readership heavily concentrated in retail and retail loss prevention. But the statistics keep changing, as do...
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Inaugural Anti-Counterfeiting Conference Focused on Cash Management and...
More than 800 attendees converged to the Las Vegas Convention Center November 6-8 for the first-ever Anti-Counterfeit & Currency Expo (ACCE). The ACCE is the only conference in the United States...
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10 Tips to Help Cardholders Steer Clear of Credit Card Skimmer Fraud
A credit card skimmer is a device by which thieves and fraudsters steal credit card information. Often, these theft events will occur in the retail setting, but there are other ways by which the...
View ArticleDon’t Get Stung by Fraudulent Returns This Holiday Season
While the holiday season is supposed to be one filled with good will, it’s also a time rife with return fraud. According to the National Retail Federation (NRF), 95.2 percent of US retailers have been...
View ArticleLPM Insider’s Top 5 Retail Fraud Articles of 2018
Credit Card Fraud News: 2018 Update The credit card fraud news and statistics keep evolving–and not necessarily in a good way. By Bill Turner, LPC We cover a lot of credit card fraud news in the LPM...
View ArticleWinning the Ongoing Battle Against Identity Theft
Loss prevention has taken on perhaps the greatest scrutiny it has ever experienced because of the jump in identity theft and transactional fraud that has businesses under attack on virtually every...
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How to Detect Occupational Fraud and Abuse in Your Store
Organizations lose about five percent of revenues to fraud, according to the latest research from the Association of Certified Fraud Examiners (ACFE), 2018 Report to the Nations on Occupational Fraud...
View ArticleYou WILL Become a Victim of a Credit Card Fraud Scam
We all know that credit cards and debit cards are rapidly replacing cash as a method of payment. Boston Federal Reserve data indicates that over 75 percent of US consumers had at least one credit card...
View ArticleFighting the Fakes: How to Build Your Brand Protection Strategy
A study by the Government Accountability Office, released in January 2018, observed a shift in sale of counterfeit goods from “underground” or secondary markets, such as flea markets or sidewalk...
View ArticleCASE STUDY: Putting the Brakes on Counterfeit Merchandise
The trade in counterfeit merchandise globally is getting worse, and US retailers are being hit the hardest, according to a 2017 report from the Organization for Economic Cooperation and Development and...
View ArticleReturn Fraud: An Analysis of a Chicago ORC Group
Return fraud is a growing concern and costly challenge for many retailers. Losses to retailers from return fraud are astronomical, costing retailers billions of dollars every year. While it is crucial...
View ArticleInaugural Anti-Counterfeiting Conference Focused on Cash Management and...
More than 800 attendees converged to the Las Vegas Convention Center November 6-8 for the first-ever Anti-Counterfeit & Currency Expo (ACCE).
View Article