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Tag Archives: security

Fraud Costs Multiply for Retailers

Retailers lost more than $3 per stolen dollar stolen in 2014, according to recent research. The cost of dealing with fraud, including stolen merchandise, bounced checks and unauthorized credit card transactions, came at a price of $3.08 per dollar stolen this …

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Five Holiday Loss Prevention Tips

The National Retail Federation offers the following loss-prevention tips for retailers during the holiday shopping season, which includes the days after Christmas when customers are spending their holiday cash and gift cards: Have your experienced staff members team up with …

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Retailers Expect to Lose $3.8 Billion on Holiday Return Fraud

Retailers expect to lose nearly $4 billion this holiday season due to stolen merchandise being returned to stores, according to a recent survey. The National Retail Federation surveyed grocery, department, discount, specialty and small retailers to predict the loss of $3.8 billion to individual people …

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Will Tokens Replace Plastic Credit Cards?

swipe fees

Many consumers don’t feel as safe shopping with a credit card as they did before big box retailers such as The Home Depot had customers’ payment card information stolen in data breaches. The growing concerns about credit card security is piquing interest …

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Home Depot Dealing with Data Breach Lawsuits

Home Depot

The Home Depot is facing 44 lawsuits at minimum after payment card information was stolen from customers who shopped at the home improvement company’s stores earlier this year, according to Fortune.com. The data breach cost Home Depot $43 million in the third quarter of fiscal …

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Retailers Affected by Data Breaches May See Decline in Holiday Traffic

Although major retailers affected by data breaches have put a stop to the criminals activity and offered to pay for extra security over customers debit and credit cards, consumers may avoid these stores as the holiday season approaches. According to a …

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Kmart Announces Month-Long Data Breach

On Friday, Oct. 10, Kmart, a member of the Sears brand, announced the company had discovered its own payment security incident. According to a press release by the company, the Kmart IT team “detected that the Kmart store payment data …

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Three Ways Businesses Can Prevent a Data Breach

While the Home Depot data breach has compromised as many as 56 million customer cards, there are a few steps that could have prevented the massive breach, according to an article by Market Watch. For four months, cardholder data moved …

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