The recent trend within large retail store networks (Walmart, Costco and Target to name just a few) isn’t so much the latest fashion, but rather an increase in the number of violent crimes.
eBay is developing a new authentication program for some of its higher-end items to create a network of professional authenticators it can use to verify that products are legitimate.
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.
Despite news coverage and social media frustration focusing on perceived shortcomings of credit cards with EMV chip technology, nearly 4 in 5 Americans view chip cards positively.
Organized retail crime (ORC) continues to grow, with 83 percent of merchants reporting an increase in the past year, according to the National Retail Foundation’s 12th annual ORC study.
Fraudulent transactions where a credit card is not physically presented to a merchant—increased significantly from Black Friday to Cyber Monday 2016 when compared to the same period in past years.
Global retailers can expect a 12 percent growth in online fraudulent activity in the upcoming holiday season, compared with the same period last year—and lower ticket prices on fraudster-targeted gifts and products.
One cyber company is predicting a significant increase in card-not-present fraud—fraudulent transactions where a credit card is not physically presented to a merchant—from Black Friday to Cyber Monday when compared to past years.
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