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More than 438,000 shoplifters and dishonest employees were apprehended in 2016 by just 23 large retailers who recovered more than $120 million from these thieves, according to the 29th Annual Retail Theft Survey by Jack L. Hayes International.
A new report reveals that 77% of all detected ransomware globally was in four main sectors – business & professional services (28%), government (19%), health care (15%) and retail (15%).
An inexplicable rise in organized retail crime during the past couple of years, perhaps due to police passivity, has major retailers looking to upgrade their equipment, technology, policies and procedures, and training for employees to combat loss prevention.
Forter, a fraud prevention company, said that online fraud attacks grew 8.9% in 2016 and early 2017 compared to 2015, a reduction from the 2015 increase when significant fraud moved from point of sale (POS) to online.
Despite expectations that the first “digitally native” generation would want to shop online, a study found that almost all members of Generation Z prefer to shop in bricks-and-mortar stores.
One minute and thirty-six seconds. That’s all it took for seven thieves, both men and women, dressed in hoodies and jackets that adequately concealed their identity, to enter an Apple store in Natick, Massachusetts, in a carefully coordinated heist. They were able to disable security tethers and make off with 19 iPhones, worth about $13,000.