Retail/Restaurants/Convenience

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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.

The holiday shopping season is fast approaching, and it’s prime time for cyber attackers who hope to catch enterprises at their weakest moments.

According to a new survey of 1,100 retail companies conducted by the Ponemon Institute and sponsored by RSA, daily revenue surges by an average of 55 percent during the holiday season. However, if a retail site is hacked or disabled, average losses could amount to as much as $500,000 per hour, or $8,000 per minute, according to a Dark Reading report.

The latest version of the Payment Card Industry (PCI) Data Security Standard will soon require businesses to implement and perform penetration testing, but only 41 percent of retail sector enterprises currently use penetration testing to identify security risks.

Crooks who steal credit and debit card numbers are now using an off-the-shelf technology to compromise computerized store cash registers.

As if the retail industry hasn’t suffered enough in recent years, growing in severity, number and type, retailers are reporting that organized retail crime (ORC) has become more troublesome than ever before.

The Chicago City Council voted to ban concealed weapons in all bars and restaurants that sell liquor.

Moms Demand Action for Gun Sense in America wants patrons to avoid the coffee chain Saturday, declaring 'guns in places like Starbucks is intimidating and unnecessary risk to our children and families.

A $1.5 million cyberheist against a California escrow firm earlier this year has forced the company to close and lay off its entire staff.

The Prince George’s County Council in Maryland has approved a bill that requires convenience stores and gas stations to have drop boxes and security cameras, according to a report from NACS online and WTTG-TV. 

Businesses lost $30 billion a year to organized retail crime, according to The National Retail Federation. Several Cook County enterprises are teaming up to get crime data and investigation material out to retailers in seconds, not days.