The retail sector is currently grappling with a perilously steep ascent in fraudulent activities, leading to monumental financial losses and a profound impact on consumer trust. As these crime rates swell, understanding the intricacies of fraud in the retail realm becomes not just advantageous, but
Persistent Threats to Retail Gift Cards Despite escalating defenses in cybersecurity, major U.S. retail corporations are currently grappling with a relentless wave of cyberattacks orchestrated by a sophisticated group known by the alias STORM-0539—also referred to as Atlas Lion. These
Retail fraud in the UK is an ever-growing problem, with costs to businesses skyrocketing to a staggering £7.9 billion. Monica Eaton of Chargebacks911 highlights the extensive damage these fraudulent activities cause, not only through traditional theft but also via more sophisticated methods like
The retail sector is grappling with the alarming rise of payment fraud, which has inflicted substantial financial damage. A study by Adyen and the Centre for Economic and Business Research reports losses exceeding $429 million in 2023 due to fraudulent activities. Luxury and health and beauty
The current state of the retail industry has been significantly impacted by customer returns, reaching an unprecedented $743 billion per year, according to a report by the National Retail Federation and Appriss Retail. This figure represents a staggering 14.5% of total sales, deeply affecting
