A Fargo theft with losses in the six figures shows the growing incidents of metal theft. Some also lead to loss of electric service to hospitals, neighborhoods and even whole cities.
The biggest threat to a company's intellectual property doesn't come from the outside; it comes from within. According to a recent study, the U.S. Chamber of Commerce estimates that 75% of employees steal from the workplace.
Found more often at ATMs and gas station checkouts, supermarkets in California discovered skimmers at self-checkout terminals. They delayed notifying customers because they thought they had prevented a security breach but more than a hundred customers reported thefts.
Security Officials from Target Stores Helped with Evidence
November 6, 2011
As skimming grows, the good news is that two men were arrested November 1 on charges of conspiring to produce, use, or traffic in one or more counterfeit devices, following a lengthy U.S. Secret Service investigation.
At least two people have been pictured installing a skimming device at an Orlando ATM days ago. It is the host city for the upcoming ASIS International event soon.
According to the Global Retail Theft Barometer, retail shrink accounted for $107.284 billion in 2010. As retailers begin to determine their goals and initiatives for 2011, they need to consider how to identify and prevent the margin-robbing activities that are cutting into their bottom lines. Here are a few commonly missed fraudulent activities and operational errors, along with some tips on how to combat them.