Return Fraud: The Hidden Threat to Retail Profits
What is Return Fraud? Return fraud occurs when customers abuse a store’s return policy for financial gain. It’s not just about returning a used item; it can take many forms, from simple price tag switching to complex schemes involving stolen merchandise....
Self-Checkout Theft: A Growing Concern for Retailers
Self-Checkout Systems Self-checkout systems have become increasingly popular in recent years. They offer convenience for customers and cost savings for retailers. However, this technology has also opened up new opportunities for theft. The lack of direct supervision...
Loyalty Fraud: The Hidden Threat to Your Rewards Program
The Growing Problem of Loyalty Fraud Loyalty fraud is a sophisticated form of theft that targets reward programs, costing businesses over $1 billion annually. It’s not just about stolen points; it’s an attack on the trust between companies and their...
What is the Banana Trick? How Retailers can Fight Back Against Fraud
The Banana Trick Explained: A Produce-Sized Problem The banana trick is surprisingly simple. A shopper takes an expensive item, often meat or electronics, and rings it up as bananas or another cheap produce item at the self-checkout. Why bananas? They’re...