Shrink, comprised of shoplifting, employee or supplier fraud, organized retail crime and administrative errors, cost the retail industry more than $112 billion globally last year, according to the 2012-2013 Global Retail Theft Barometer, and represented 1.4 percent of retail sales, on average.
Nearly one in three victims of identity fraud chose to avoid specific merchants after falling victim to fraud, according to the 5th Annual LexisNexis True Cause of Fraud study, which found that between 10 and 14 million U.S. consumers are victims of identity fraud every year.
One financial analyst stole nearly $3.4 million from payments due to Medicaid, and the healthcare system only discovered the discrepancies after the worker's death last year.
A just released survey by the Pew Research Center Internet Project finds that most Internet users would like to be anonymous online, but many think it is not possible to be completely anonymous online.
Financial institutions have been battling cybercriminals for decades. A constantly evolving network of bad actors continues to identify and exploit vulnerabilities to perpetrate fraud.
The majority of foreign and domestic companies in Mexico say security has either improved or remained unchanged from last year, and almost half expect more improvement within five years.