New research from MarkMonitorreveals that45% of consumers have been a victim of some form of cybercrime — with 65% choosing not to report the incident to authorities.
Organized retail crime is continuing to grow, with 83 percent of merchants surveyed reporting an increase in the past year, according to the 12th annual ORC study by the National Retail Federation.
Retail loss prevention faces numerous challenges in a changing and dynamic retail environment.
Several years ago, an organized shoplifting ring near Buffalo, New York, stole millions of dollars in merchandise from big box stores such as Walmart, Sears, Home Depot, JoAnn Fabrics, Tops and Wegmans.
Losing proprietary business data through the theft of laptops or other devices can be priceless, but when users are working in the office, IT may be lulled into a false sense of security that devices are safe on the premises.
While many biometric modalities have been tried at the ATM, fingerprint biometrics has become one of the most widely used, partly because of its long history, but more importantly for its ease of use, performance, interoperability, ability to thwart imposters and low cost.
Inventory loss through shoplifting or internal theft, unsuccessful in-store promotions, even long lines at the register – all of these are pain points for retailers and can seriously impact the bottom line.
