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Fraud, Theft, Security

Global RFID Market to Reach $5.3B This Year

The worldwide RFID market will exceed $5.3 billion in 2008, according to a new forecast from ABI Research. Excluding automobile immobilization, the market is expected to grow at a 15% compound annual growth rate (CAGR) from 2008 through 2013.

Annual revenue growth over the next five years will accelerate over the mid-term as high-growth, high-volume applications such as supply chain management,...
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Identity Fraud in Decline, but Costs Up

Identity fraud has been declining in most parts of the United States, even as the costs to those who are defrauded increase and fraudsters turn to unexpected channels to commit fraud, according to a Javelin Strategy & Research study released earlier this year.

Criminals obtain the majority of information mostly from stolen personal belongings and through telephone calls, rather than online -...
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College Stores Defend Textbook Pricing

College stores earn only 4.5 cents on every dollar spent on new textbooks, and all excess profit goes back to the campus community, according to an industry group.

In light of recent news reports and commercials that berate college stores for their selling practices, the National Association of College Stores released a statement that it hoped would debunk several myths about college textbook...
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eBay Beats L’Oréal in Counterfeit Suit, Tiffany Appeals

eBay has been let off the hook by a Belgian court in a case brought against it by cosmetics manufacturer L’Oréal, which had claimed that the online auction giant did not do enough to prevent the sale of counterfeit goods on its site, reports Internet Retailer.

In response to the claims, eBay argued that in some cases the goods are legitimate because there are many ways for sellers to honestly...
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Wal-Mart Profits Rise 17%

Wal-Mart is one of the few retailers experiencing double-digit profit growth during a time of higher costs and lower spending, writes MarketWatch.

Second-quarter profit for the big box retailer rose an incredible 17%, and net income rose to $3.45 billion (87 cents a share) up from $2.95 billion (72 cents a share) a year earlier. Overall revenue increased 10.4% to $102.7 billion.
Wal-Mart’s...
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Congress Introduces E-Fencing Legislation

Congress introduced a bill that would help control e-fencing - or the sale of stolen or shoplifted items on the internet - by forcing online auction operators to reveal sellers’ identities to retailer victims and the police, the NRF writes.

Online auction operators, such as eBay, would be made to retain high-volume sellers’ information and share it with a retailer that files a police report or...
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Organized Retail Crime in US Rises 6%, Fueled in Part by Internet

The vast majority of retailers (85%) say their companies have been victims of organized retail crime activity in the past 12 months (see graph), up 6% from last year, according to the National Retail Federation‘s 2008 Organized Retail Crime Survey (via MarketingCharts).

See graph of companies who said they’d been a victim of organized crime in the past year.

However, the number of companies...
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‘Secure Store’ Showcase at Loss Prevention Conference

The NRF, in partnership with Hybridia Design, will unveil the ”Secure Store,” a life-like retail pop-up store that shows what retailers use to secure and protect their store, merchandise, employees and customers from theft and other crimes, announced the NRF.

Equipped with technologies and products from various sponsors, the store will be open to guests of the NRF’s 2008 Loss Prevention...
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