Shrink, comprised of shoplifting, employee or supplier fraud, and administrative errors, rose in the U.S. from 1.28 percent of sales in 2013-2014 to 1.97 percent during 2014-2015.
Citigroup Inc. is testing new technology that would allow customers to withdraw money with an eyeball scan or a code on a smartphone instead of a card swipe.
Good old fashioned cycling is enjoying something of a renaissance at present, with people across the world taking to the pedals in search of cheap, environmentally friendly travel. In the UK, few groups have embraced the revolution as whole heartedly as commuters.
When it comes to the organized crime gangs that wreak havoc on retail stores, inventory and the bottom line, retailers are getting more aggressive in their efforts to fight the problem.
According to the 2015 Business Risk Survey, business leaders are most concerned about potential risks associated with healthcare costs and cybersecurity threats to their organizations.
Nearly 72 percent of U.S. federal actions involving employee theft in 2014 involved small businesses – organizations with fewer than 500 employees, according to the 2015 Hiscox Embezzlement Watchlist. Within that group, four of every five victim organizations had fewer than 100 employees, and more than half had fewer than 25 employees.