Theft, fraud and losses from other retail “shrink” totaled $61.7 billion in 2019, up from $50.6 billion the year before as industry security executives reported increases in the number of shoplifting, organized retail crime and employee theft incidents, according to the annual National Retail Security Survey released by the National Retail Federation.
In 2017 the risk of fraud continued to evolve and intensify; identity fraud hit a new all-time high and cyber-enabled fraud accounted for an even greater proportion of the growing problem, according to the 2019 Fraudscape report.
New data from Jumio reveals that online ID fraud attempts on government-issued IDs increased 22 percent worldwide during the 2018 Black Friday to Cyber Monday period compared to the non-holiday full-year average.
Problems with home alarm sales tactics were flagged as an issue to watch in the latest report from the annual survey of state and local consumer agencies conducted by Consumer Federation of America (CFA).
The scale of bribery and corruption has shown no improvement globally since 2012, despite the unprecedented level of enforcement activity and introduction of new corporate criminal liability laws in that time.
As smartphones and wearable devices continue their exponential growth in Canada and globally – it’s expected to be worth $34 billion by 2020 – Canadians will need to be wary of the increasingly popular “Tap” payment channel (or alternative NFC wearable device) service.
