Theft

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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Report: Porch Pirates Targeted 79% of Americans in 2022
Report: Porch Pirates Targeted 79% of Americans in 2022
September 21, 2023  |  Delivery

America appears to be living in the age of the porch pirate. Package thefts from people’s homes are on the rise, CNBC reported Thursday (Sept....

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Social Engineering Enabled $37 Million Theft From Crypto Firm CoinsPaid
Social Engineering Enabled $37 Million Theft From Crypto Firm CoinsPaid
August 07, 2023  |  Cryptocurrency

Social engineering enabled the July 22 hacker attack and theft of $37 million from crypto payments provider CoinsPaid. The hackers gained access to an employee’s...

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Everseen Raises $71 Million to Battle Retail Theft With AI
Everseen Raises $71 Million to Battle Retail Theft With AI
May 11, 2023  |  Investments

Artificial intelligence (AI) platform Everseen has raised $71 million to help retailers prevent theft. The Irish company, whose computer vision technology can block theft at...

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