September 21, 2015

A new survey reinforces what many already know: EMV makes in-store fraud much harder, but it drives would-be criminals online.

July 30, 2015

Whether you have sophisticated fraud prevention software or not, I recommend using these seven principles and processes to fight off e-commerce fraud.

June 24, 2015

Retailers often may not have the tools they need to effectively fight omnichannel fraud.

February 6, 2015

Companies are losing as much as 25% of online revenues an average per respondent of $92.3 million per year – to mobile fraud, according to a study by RSA and TeleSign, a provider of mobile identity verification solutions.

December 29, 2014

Technology will give fraudsters an edge in 2015, but it will also provide new tools for organizations and investigators, according to three experts from the Association of Certified Fraud Examiners (ACFE) who were asked for their top fraud predictions for 2015. 

December 19, 2014

The industry will lose an estimated $10.9 billion to return fraud this year, with  $3.8 billion accounted to this holiday season alone, up slightly from last year’s $3.4 billion. 

October 30, 2014

Last year, Black Friday was the top date for “card present” (CP) fraud, where a payment card is presented in a store for unauthorized usage.

August 21, 2014

Christopher Finazzo, former executive VP and chief merchandising officer for Aeropostale, has been sentenced to eight years in prison after being convicted of defrauding the company and taking more than $25 million in kickbacks from a key vendor.

July 23, 2014

Police arrested six people on charges they were tied to an international ring that defrauded StubHub, the online ticket resale platform operated by Ebay.

June 24, 2014

One-in-four global consumers has been victimized by card fraud in the past five years.

January 27, 2014

Merchandise returns in 2013 cost U.S. retailers more than $267 billion in lost sales.

December 6, 2013

The retail industry will lose an estimated $8.76 billion to return fraud this year, and $3.39 billion during the holiday season alone, according to the National Retail Federation’s 2013 Return Fraud Survey.

June 26, 2013

Former Duane Reade CEO Anthony Cuti and CFO William Tennant failed in an attempt to have their 2010 convictions for securities fraud overturned.

April 26, 2013

Christopher Finazzo, 57, who was an executive VP and chief merchandising officer at Aeropostale, was found guilty on Thursday of 14 counts of mail fraud, one count of wire fraud and one count of conspiracy.

March 29, 2013

Forty percent of retailers have no online fraud prevention in place, despite the fact that 85% consider online fraud prevention a high priority, according to a survey by ThreatMetrix, a provider of integrated cybercrime prevention solutions.

December 4, 2012

Retailers will lose an estimated $8.9 billion to return fraud this year, and $2.9 billion during the holiday season alone, according to the National Retail Federation’s 2012 Return Fraud Survey.

September 18, 2012

The “True Cost of Fraud” study by LexisNexis found that retailers incurred $2.70 in costs for every dollar in fraudulent transactions.

March 21, 2012

Best Buy Co. said that the U.S. District Court has dismissed putative securities fraud class actions against the retailer and three of its officers.

March 15, 2012

Fraud prevention and risk management provider Accertify said that Forever 21 will deploy its fraud prevention solution, customized to the retailer’s e-commerce business.

November 10, 2011

Survey results released Thursday by the National Retail Federation found that fewer retailers expect return fraud rates to grow this holiday season, due in part to stronger checks and balances and to enhanced return policies.

September 27, 2011

U.S. prosecutors have charged former Carter’s senior VP Joseph Elles with securities fraud, according to a report by the Associated Press.

September 20, 2011

A survey released Tuesday by ThreatMetrix and The Ponemon Institute found that the majority of consumers have real concerns about online fraud.

September 13, 2011

For every $100 in fraudulent transactions, retailers incurred a “true” cost of $230, according to a new study released Tuesday by LexisNexis Risk Solutions.

August 23, 2011

Former Duane Reade CEO Tony Cuti was sentenced on Monday to three years in prison in connection with accounting fraud at the New York-based drug store chain.