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Report: Charges filed in 2012 Bangladesh factory fire

BY Dan Berthiaume

Dhaka, Bangladesh – Police in Bangladesh have reportedly filed charges against the owners of a garment factory that was the site of a fatal fire in November 2012 that killed more than 100 workers. Bloomberg reports that Delwar Hossain and his unidentified wife, owners of Tazreen Fashion Ltd, were among 13 people charged with murder and other offenses in connection with the deadly blaze that resulted in 124 deaths.

The factory had no emergency exits, which contributed to the unsafe conditions that caused so many fatalities. There have been several high-profile disasters at garment factories in Bangladesh in recent years, leading calls for government reforms. Those charged in the Tazreen Fashion fire could receive up to life in prison.

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Report: Massachusetts retail price scanners have 99.8% accuracy

BY Dan Berthiaume

Boston – Massachusetts retail price scanners reportedly operate at a 99.8% accuracy rate. According to the Associated Press, the Massachusetts Division of Standards checked scanners at 98 different stores of 50 retailers across a wide range of verticals and discovered five overcharges out of about 2,800 individual price scans.

The highest overcharge amount was $3.80. Overcharges were assessed by comparing price indicated by the scanner at checkout to the price marked on an item or at the shelf. Each retailer that had an overcharge was fined $100 per overcharge. Accuracy improved slightly from the 2012 scanner survey, which produced a 99.6% accuracy rate.

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PwC survey: 30% hike in detected security incidents; 16% jump in reported fraud

BY Marianne Wilson

New York — While retail and consumer organizations have made significant security improvements, they have not kept pace in today’s business environment and are relying on yesterday’s security practices to combat current business threats and risks, according to PwC US’s recently released 2014 Global State of Information Security Survey.

Survey respondents reported a 30% jump in detected security incidents over the last year. Another key concern among R&C companies — particularly online retailers that rely on credit card payments — is fraud. This year, 16% of respondents report incidents of fraud, a 25% increase over last year.

Additionally, with a concurrent rise in the volume of data being shared digitally, it has resulted in a proliferation of data loss, particularly significant for retailers as the on-going adoption of an omnichannel shopping model requires that more data is collected, stored, and shared.

Among external risk factors, hackers represent a serious and growing
 risk. Thirty percent of survey respondents attribute security incidents to hackers, up 45% over last year. Another top source of incidents attributed to outsiders is competitors, cited by 16% of respondents.

Other key findings include:

  • 30% of survey respondents attribute security incidents to hackers, up 45% over last year;
  • Only 19% of R&C respondents say they have procedures in place to help protect intellectual property;
  • 65% of respondents say their security strategy is aligned with business needs.

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