Spring is here. And it could not have come soon enough, after a particularly difficult winter for most of the U.S. Record-setting snow falls, flooding, and extreme cold temperatures plagued businesses, homeowners and travelers from November through March. Businesses shut down, flights were grounded, and many people were forced to hunker down and stay home.
Only 20 percent of payment card-accepting companies complied with the full set of international security standards in 2013, according to a new report from Verizon. The 2014 PCI Compliance Report looked at how hundreds of retailers, hospitality companies, financial service firms and other organizations followed the standards established by the PCI Security Standards Council.
Three-million offensesagainst UK retailers in 2014 racked up direct costs of £603 million ($913 million U.S.) in 2014 – while the number of in-store thefts fell by four percent, the value per incident climbed 36 percent.
Macys has launched a new line of luxury handbags, briefcases, and wallets that are integrated with fingerprint recognition, RFID blocking technology, and GPS technology.
Shrink, comprised of shoplifting, employee or supplier fraud and administrative errors, cost the global retail industry more than $128 billion last year, $42 billion in the US alone, according to the latest Global Retail Theft Barometer.
Only 45 percent of consumers have changed an online password or PIN code in the past year after learning of data breaches; 15 percent made fewer online purchases on mobile devices; and 28 percent shopped less frequently at a retailer that had suffered a data breach.
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