‘What’s Going Up Must Come Down: Reducing UK Retail Fraud’
The news that fraud levels rose last year is disturbing, but not surprising. It’s well known that difficult economic times breed higher rates of criminal activity. The retail sector in particular saw a big jump in its share of all reported fraud, with figures rising to 12% in 2011 from 2% the previous year, according to a report from BDO. Fraud has been tearing a major hole in the revenues of innocent UK retailers for years now, and as 2012 progresses, it is likely be one of the biggest challenges they face.
CCTV Bill Comes Into Force
However the creation of a new Surveillance Camera Commissioner to oversee a new surveillance camera code of practice will doubtless draw attention in the security market.
Global Payments Breach Lasted Eight Months
As reported last month on retailfraud.com Visa and Mastercard said they became aware of a potential data compromise at a third party affecting credit-card account information from all major card brands; the blame was eventually placed on Atlanta-based Global Payments.












