Machine learning model “cuts employee fraud by 30%”.

In the latest US National Retail Security Survey, 30% of average inventory shrink is put down to employee theft and fraud. A further 21.3% of shrink is attributed to administrative and paperwork error, 5.4% to vendor fraud and 6.8% to unknown loss, all of which could...

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When to take a vacation from e-comm

Christmas shopping starts earlier every year, and online it ends earlier. E-comm salespeople might as well take their holiday from December 20th,  judging by last year, according to new research from ChannelGrabber, a leading provider of multi-channel e-comm software....

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Three lines of defence for the POS

Targeting Point of Sale (POS) devices is an increasingly popular tactic for hackers as they seek to exploit vulnerabilities. The Silicon Valley software analytic firm FICO has tracked a 21% increase in the number of ATMs and POS devices compromised during the first...

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Time to automate cyber security maintenance?

IT professionals working in the retail sector in the US and UK lack confidence in the security of their branch networks, a new survey has found. They report carrying out upgrades and patching vulnerabilities promptly but are worried about threats that remain, and face...

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Fast fashion overtakes Topshop in New Zealand

Topshop's unit in New Zealand is the latest fashion retailer to be placed in receivership, just months after the Australian arm of the fashion retailer suffered a similar fate. Other apparel businesses that have failed recently include the UK’s Jaeger, an upmarket...

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How to win at manned guarding

A reigning champion in the Retail Fraud Awards is hoping to extend a winning streak in the competition when this year’s winners and runners-up are announced at a Gala Dinner on 5th October at Leicester City Football Club in the UK. Cardinal Security (as a Group) has...

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Predictive analytics for pets

When you’re a risk manager in charge of 1500 stores with a team of just four regional managers, you need to know where the risks lie, and where they’re heading. Chance Bowlin apparently does. Working as Head of Loss Prevention for Petco, from an office in San Antonio,...

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The pindrop that can hear you

One of the biggest growth industries of 2016 was call center fraud. Fraudulent calls to call centers more than doubled in 2015-16, from 1 in every 2,000 to 1 in every 937, according to Atlanta based information security firm Pindrop - which saw its revenue triple over...

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