Retail theft news has flooded headlines this year, quickly becoming a top concern for enterprises who are looking to keep consumers safe and products safeguarded from pilfering. Amongst the companies being impacted are popular hypermarkets, with Target being the latest to take a hit.
While there is a generous grace period, many organizations will need considerable time to implement the necessary safeguards to maintain PCI DSS compliance once enforcement begins.
Dick’s Sporting Goods revealed this week shrink represented a third of its merchandise margin decline and blamed organized retail crime. RIS reports on what retailers across the board are saying about theft and shrink.
The Estée Lauder Companies Inc. confirmed a data breach and partial systems shut down and is currently working to understand the full scope of the data obtained.
OpenAI CEO Sam Altman, whose company created ChatGPT, was one of three experts who testified at a Senate Judiciary subcommittee hearing exploring the oversight of artificial intelligence. Here are the top takeaways for retailers.
With address verification tools, retailers can identify potential fraudsters by quickly verifying the legitimacy of the addresses provided during online checkout. Learn more.
Consumer electronics retailer Best Buy is leveraging the latest threat detection solution, looking to strengthen its customer security by investing in a machine learning-powered technology.
"Supporting law enforcement efforts in their battle against organized retail crime remains a key focus for our company," said CVS region director Ricardo Lopez. Learn more.
Walmart is bolstering its learning and development offerings with a new short-form program suite, allowing associates to upskill in high-growth areas such as cybersecurity, software engineering, and data analytics. Get the details.
Protecting a merchant’s ability to run the business includes protecting everything on the store network, from customer loyalty data, back-office payroll, inventory management systems, media players, ATM machines, and lottery kiosks. Learn more.