10 Tips to Help Cardholders Steer Clear of Credit Card Skimmer Fraud
Often, these theft events will occur in the retail setting, but there are other ways by which the devices can be used to steal information. Unfortunately, all it requires is a little illicit technology...
View ArticleDon’t Get Stung by Fraudulent Returns This Holiday Season
While e-commerce merchants typically have a return rate of around 20 percent, it can reach 30 percent during the holidays. So, too, rises fraud.
View ArticleLPM 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.
View Article5 Solutions to Help Protect 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...
View ArticleHow 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...
View ArticleFighting the Fakes: How to Build Your Brand Protection Strategy
"Fueled by the proliferation of Internet use and social media platforms, the magnitude of global physical counterfeiting is estimated to have increased significantly since the beginning of this century."
View ArticleCASE STUDY: Putting the Brakes on Counterfeit Merchandise
“The little blue box is very important—it is our reputation, it is our brand. When people sell counterfeit blue boxes with fake jewelry, it tarnishes the brand,” said Tiffany & Co.'s Charles...
View ArticleYou WILL Become a Victim of a Credit Card Fraud Scam
Experian has noted that credit card fraud is the most common form of personal financial fraud. Statistics say that 47 percent of adults in the United States have reported being victimized by a...
View ArticleReturn Fraud: An Analysis of a Chicago ORC Group
LPRC researchers discovered an organized retail crime (ORC) ring based out of Chicago and were able to investigate this group closely to learn more about their return methods and routines.
View ArticleA Fresh Approach to Fraud Prevention May Allow Self-Checkout to Finally Meet...
While it's certainly the future, self-checkout is also a mature technology with persistent, unaddressed problems in need of a fresh fraud prevention approach. [Sponsored]
View ArticleFraud, Trust at Risk in Emerging Fast-Payment Landscape
The growing move to faster payment options for retailers may improve merchants’ cash flow, but increased transaction speed brings along with it the increased potential for fraud according to...
View Article5 Ways to Take Aim at Moving LP Targets: BOPIS and Cashier-less Checkout
Loss prevention is a moving target. Every time a new retail strategy is put in place, such as buy online, pick up in store (BOPIS), it’s up to loss prevention professionals to devise countermeasures to...
View ArticleWoolworths Group Partners with Takeoff Technologies to Enhance Customers...
Woolworths Group plans to implement automated micro fulfillment capabilities at an initial three sites to help meet customers’ growing demand for shopping online. The implementation of Takeoff...
View ArticleGift Cards Have Become a Common Currency for ORC
As retailers have responded to the evolving needs of the business, most have changed their return policies and typically issue a gift card or store credit when returns are made without a receipt....
View ArticleInternet and Phone Scams Just Keep on Coming
Frank Abagnale, the author of Catch Me If You Can, has written a new book titled Scam Me If You Can. In his new book, he talks about various scams that people of any age can fall victim. Some scams are...
View ArticleUsing Stores to Enhance the Customer Experience Is an Opportunity—But Online...
“There has been a measure of handwringing over the challenge of having retail stores act as fulfillment and processing centers for online transactions, but David Speights, Ph.D., chief data scientist...
View ArticleHow to Keep Your Returns Program Safe from Abuse
Flexible returns policies are no longer the exception, but the rule. However, these policies are also becoming a bigger target for abuse – costing US retailers $24 billion each year and nearly $1...
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True Cost of Fraud Study Finds 7.3% Increase for US Retailers
The 2020 LexisNexis study compares fraud rates, impacts, and challenges related to fraud detection and prevention year-over-year and during COVID-19.
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WEBINAR – Next in Commerce: Back to School
From adapting to the new normal to taking on digital transformation, learn how retailers have learned the way to gear up for Q4 and beyond.
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Using Data to Identify and Stop Self-Checkout Fraud
The lack of self-checkout oversight by employees creates significant risk of mistakes or even fraud, especially transactional fraud.
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