Theft

FDIC Consent Orders Show Internal and External Risk Exposure
FDIC Consent Orders Show Internal and External Risk Exposure
September 27, 2024  |  Security & Fraud

A spate of recent enforcement decisions from the FDIC underscores risks that banks face — external as well as internal ones, where employees have allegedly...

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Shoppers’ Frustrations With Locked-Up Pharmacy Items Drives eCommerce Adoption
Shoppers’ Frustrations With Locked-Up Pharmacy Items Drives eCommerce Adoption
August 05, 2024  |  Retail

As consumers grow tired of retailers’ increasing utilization of locked display cases, cable ties and electronic tags, many are switching to digital channels to eliminate...

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English, Welsh Retailers Call for Crackdown as Shoplifting Leaps 30%
English, Welsh Retailers Call for Crackdown as Shoplifting Leaps 30%
July 24, 2024  |  Retail

Shoplifting surged by 30% in England and Wales over the last year, a government agency reported Wednesday (July 24). Leaders of a retail trade union...

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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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