Tag Archives: fraud prevention

Retail Systems – Shoplifting & Fraud Costs Retailers $44B

Retailers got hurt from two directions last year: When they weren’t getting straight-up robbed, they were being defrauded from within. And it all contributed to industry losses totaling $44 billion for the year. Source: www.pymnts.com Employee/internal theft contributed to 34.5 percent of shrink, followed by administrative and paperwork errors at 16.5 percent, then vendor fraud or error at… Read More »