‘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.
Online
Dying Plastic?
Despite opinions to the contrary, Elizabeth Buse, Visa Inc.’s group president for Asia Pacific, Central Europe, Middle East and Africa, said there’s still plenty of life left in plastic cards. Buse told Dow Jones Newswires the old school plastic card will be around for some time, even in markets where Visa is using mobile payment products to reach unbanked consumers.
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.
‘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.
10,000,000 and Rising …
MasterCard and Visa are continuing to warn member-banks of a payment processor breach that may now impact more than 10,000,000 credit cards.
Rapid delivery can give you a competitive edge – but how do you make it safe?
Popular for last minute holiday bookings, DIY sales and, of course, chocolate, retailers rely on the Easter shopping boom. Last year, UK retailers across the board reported increases in sales during this period with Eurostar, for example, reporting an 8% increase in Easter weekend bookings compared to the same period in the previous year.
Instore
ICO Fines Again
The Welsh health board has been issued with a penalty of £70,000 after a sensitive report was sent to the wrong person. According to the ICO’s undertaking, the error occurred when a letter containing a detailed psychological report of a mental-health patient had been sent to another former patient with a similar name.
Debit Card Ring Defrauds 22,000
Police in Quebec have arrested 45 people and seized more than 12,000 counterfeit bank cards in raids on an international fraud ring that cloned cards and pilfered cash from victims’ accounts.
Last chance to challenge poverty!
This month teams from across the fashion and retail sectors will take each other on in the Prima Solutions Adventure Challenge in Dorset. All companies are welcome to take part so sign up today!
SG Systems Partners with Corps Security
The partnership between SG Systems Limited and Corps Security allows real time monitoring of alarm events at the Corps Monitoring Centre (CMC) via SG Systems AlarmView System, a long distance wireless visual verification system, which can be used as a standalone intruder alarm system or linked into almost any existing system to provide visual verification in the event of an alarm activation or for HUA/panic alarm confirmation.
CCTV Bill Comes Into Force
The Protection of Freedoms Bill became law on the 1st May, and will see the introduction of a new code of practice for CCTV and automatic number plate recognition systems, the surveillance camera code. The bill is mainly focused on curbing local authority “snooping”, the destruction of DNA given by innocent people as well as [...]
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