Theft

Payments, Penalties and TradFi Adoption Define This Week in Web3
Payments, Penalties and TradFi Adoption Define This Week in Web3
July 10, 2024  |  Blockchain

Crypto is as crypto does. And crypto is, by all appearances, trying to do better. The European Union’s (EU) landmark Markets in Crypto-Assets Act (MiCA)...

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Grocers Tackle Escalating Theft and Fraud Crisis
Grocers Tackle Escalating Theft and Fraud Crisis
July 05, 2024  |  Retail

In recent years, the grocery sector has faced a burgeoning challenge: the rising tide of theft and fraud. According to data from the Food Industry...

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Target to Lower Threshold for Apprehending, Prosecuting Shoplifters
Target to Lower Threshold for Apprehending, Prosecuting Shoplifters
June 28, 2024  |  Retail

Target will reportedly lower the threshold at which store staff can attempt to stop nonviolent theft. In a new guideline expected to be implemented this...

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Retailers’ Self-Checkout Enthusiasm Dwindles Amid Elevated Theft
Retailers’ Self-Checkout Enthusiasm Dwindles Amid Elevated Theft
March 21, 2024  |  Retail

As retailers look for new ways to save on labor, the disadvantages of going all in on self-checkout are coming to light, with Five Below...

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Retailer Concerns About Organized Crime Escalate Amid Ongoing Losses
Retailer Concerns About Organized Crime Escalate Amid Ongoing Losses
March 18, 2024  |  Retail

As retailers face ongoing margin pressures from a difficult economic environment, many are growing increasingly concerned about the losses they may be accruing from theft...

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Home Depot Adds Security Measures, Remains Committed to High-Theft Locations
Home Depot Adds Security Measures, Remains Committed to High-Theft Locations
March 15, 2024  |  Retail

Despite rampant retail theft forcing many retailers to close their doors, Home Depot has reportedly reaffirmed its commitment to major U.S. cities such as Detroit, Philadelphia...

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Walmart and Target Fund Campaign to Stiffen Shoplifting Penalties
Walmart and Target Fund Campaign to Stiffen Shoplifting Penalties
February 09, 2024  |  Retail

Walmart and Target are the top funders of a campaign that aims to roll back a California law that critics say has led to a surge in retail...

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Retail Theft and Shrink Reports Have Investors Seeking Answers
Retail Theft and Shrink Reports Have Investors Seeking Answers
January 09, 2024  |  Retail

Last year saw several retailers report that their profits were being hurt by “shrink.” That’s the industry term for lost inventory due to a variety...

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DOJ Cracks Down on Use of ‘Microtransactions’ to Conceal Fraud
DOJ Cracks Down on Use of ‘Microtransactions’ to Conceal Fraud
December 15, 2023  |  Fraud Attack

The Department of Justice (DOJ) has announced a crackdown on fraud networks that steal money from consumer accounts and use fraudulent “microtransactions” to conceal their illicit activities...

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