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Appriss Acquires Verisk's Retail Loss Prevention Solutions
Adding product lines and client bases
increases Appriss' retail performance improvement leadership
Appriss,
a leading provider of data analytics solutions in safety, health, and retail,
today announced the acquisition of the retail loss prevention solutions from
Verisk (Nasdaq:VRSK), a leading data analytics company serving the insurance
industry, energy and specialized markets, and financial services. Verisk's
retail loss prevention portfolio has a broad and global client base of more than
70 retailers, many new to the Appriss family. This acquisition will be
integrated into Appriss' retail business unit, Appriss Retail.
Read more in today's Vendor Spotlight column below
NFMA Takes Credit For Defeating the One Federal
ORC Bill in Late '90's
The ORC Fight Drove One Trade Association to Develop Legislative Branch
National Flea Market Association Says - ORC Fight Created Legislative Need
The National Flea Market Association has been representing national flea
markets and swap meets in Washington since the late 1990's. Without their input,
flea market and swap meet vendors would be held on a tight leash by members of
Congress. Steve Blakewood, a member of the legislative branch of the NFMA,
explains just how this national organization fights for flea market rights.
 "The
need for representation in Washington became apparent to the NFMA's
leadership in the late 1990's when "big box" retailers and their lobbyists began
pushing legislation in Washington under 'Organized Retail Crime Legislation'
that was designed to restrict flea markets from selling certain items under the
guise of protecting the public safety," Blakewood said in a report.
By going back and forth to Washington and getting the message out to Congress
that flea market and swap meet owners only want an even playing field, the NFMA
pushed back on the proposed 'Organized Retail Crime Legislation,' which
ultimately failed to become law. This raised the association's profile and
improved their image, showing just how powerful a group can be.
fleamarketzone.com
Editor's Note: This was the one and only time when an ORC Bill
actually passed in one House and could have become law. The public reason was no
budget dollars for the new office required - costing around $5M. However as is
the case, most often the prevailing reasons always come out years later - such
as this. But this is the first time we've seen this position.
This was a great effort that Joe LaRocca, the former VP of LP for the NRF at the
time, steered and almost won. While the bill didn't make it all the way through,
it certainly raised the profile and awareness of the ORC problem. So it's been a
long series of battles, and the states have clearly stepped up and filled the
gap. Even with today's anti-shoplifting prosecution mentality the nations DAs
can not ignore it.
I for one had no idea that it led to an association developing a legislative
branch to fight it. In some regards that's almost like paying for a legal
protection racket. Hey just my thoughts.
US Senators: "McDonald's Can & Must Do More to
Protect Employees"
Democratic senators press McDonald's on workplace violence
A group of Democratic U.S. senators urged McDonald's Corp. to take steps to
protect employees from workplace violence and asked the U.S. Department of
Labor to fully investigate an employee complaint about violent incidents.
The U.S. Occupational Safety and Health Administration should conduct a full
investigation into a complaint filed on May 20 by a group of Chicago-area
employees of the company, the senators said in a letter to Secretary of Labor
Alexander Acosta.
 The
Occupational Safety and Health Act's general duty clause requires employers to
furnish employees with a workplace free from recognized hazards causing or
likely to cause death or serious physical harm.
"Clearly, McDonald's is not meeting this requirement," the senators said.
OSHA did not treat the submission as a formal complaint and emailed the
franchisee rather than conducting a formal investigation, according to the
letter.
"McDonalds can and must do more to protect its employees, but employers
will not take seriously their obligations to provide a safe workplace if OSHA
does not enforce workers rights to a hazard-free workplace," the letter stated.
McDonald's employees have experienced 721 incidents of workplace violence in
the past three years - 281 of which resulted in at least one physical injury
and 288 of which occurred between 10 p.m. and 4 a.m., according to a recent
report by the National Employment Law Project that examined media coverage of
workplace violence incidents against employees of the fast-food giant.
England Seeing Same Robbery & Violence Trends as
U.S.
Central England Co-op reduces store crime
Central England Co-op's crackdown on store crime has seen burglaries drop by
6% and robberies drop by 30% - bucking a national trend that has seen incidents
jump by 137% and 508%, respectively.
The new figures have been released one year after the retailer rolled out a
string of new measures to try and stop incidents and protect colleagues, members
and customers.
These new measures sit alongside a range of others such as product GPS
trackers, additional ATM anchors, gas suppression systems and stringent cash
controls.
Craig Goldie, loss prevention advisor at Central England Co-op, said: "All of
these measures have, as the figures show, already started to deter criminals
and, most importantly, ensure our colleagues and customers feel safe.
Goldie added: "Also, in 2019, we will be working closely with other retailers,
police forces across the 16 counties in which we trade and the government to
tackle issues of violence and aggression towards colleagues.
"We are doing everything we can to prevent incidents like this from happening,
but if something does happen we offer them support and counseling both from
within our business and specialists."
talkingretail.com
Putting safety first:
Retailers wrestle with supply chain safety amid drug import push
One Answer to Drug Prices - Import Cheaper
Drugs
Product safety is a multifaceted issue for any retailer dealing with the
pharmacy and prescriptions, and the systems that are in place to protect the
quality and integrity of the goods offered constantly are evolving to strengthen
the industry's defenses.
One of the key loopholes between consumers and the dangers of unsafe products,
however, is the potential for the introduction of items from other countries
that fail to meet the rigorous safety standards of the United States.
.png) The
Food Safety Modernization Act, which took effect in 2011, sought to close that
gap by imposing tighter regulation around the import of foods and ingredients
from overseas. The act requires companies that import products to the United
States to ensure that their suppliers meet the same standards for product safety
that are required of American companies.
Market pressures in the pharmaceutical industry, however, have led officials at
both the state and federal levels to explore the possibility of bringing
drugs in from other countries at a lower cost, potentially circumventing the
Food and Drug Administration's close oversight of U.S.-made medications,
according to the National Association of Chain Drug Stores.
The U.S. pharmaceutical supply chain is in the midst of complying with the Drug
Supply Chain Security Act, a law that requires tracing medicines from their
origins in the manufacturing process all the way through to the consumer.
Importing drugs from other countries could circumvent that law and potentially
open up the supply chain to fraudulent medications.
drugstorenews.com
SOX Compliance Doesn't Get Easier With Time
Despite ongoing expectations to the contrary, complying with the
Sarbanes-Oxley Act remains a moving target for companies.
Seventeen years after passage of the
Sarbanes-Oxley Act, those not involved in SOX compliance might assume that
by now it would be a rote activity requiring diminishing effort.
They would be wrong. Despite efforts and expectations to the contrary, the time
and cost expended on SOX compliance have decreased little over the past decade,
according to
a new report by
Protiviti.
In fact, in the consulting firm's survey of finance professionals from 693
publicly held companies, half (51%) said SOX compliance hours increased in
2018. And among those, 59% said the increase was more than 10%.
The overall trend "reflects the fact that the cumulative time internal teams and
external auditors invest in compliance activities is determined by a range of
'beyond-SOX' factors, including ... [Public Company Accounting Oversight Board]
inspections, the adoption of new accounting standards, internal technology
implementations, process changes, and more," Protiviti said.
As to cost, average internal SOX compliance costs were virtually identical last
year as they were in 2017 for both large accelerated filers (companies with a
public float of $700 million or more) and accelerated filers (public float
between $75 million and $700 million).
cfo.com
Giant Eagle & Grabango: First-of-its-Kind
Checkout-Free Partnership
A "no-wait" and checkout-free brick-and-mortar
payment experience
At the industry level, this announcement is not only an important first but a
harbinger of many announcements to come in the retail-tech industry. True,
checkout-free technology eliminates lines at checkout, and it also unlocks a
variety of customer-oriented, loss prevention, safety, merchandising and
operational efficiency applications as well. Grabango collaborates with its
clients to thoughtfully apply technology to promote superior shopping
experiences and a safer workplace that facilitates more store
associate-to-shopper interactions.
Since its incorporation nearly four years ago, Grabango has amassed 17 patents
related to checkout-free technologies and signed on clients that it claims serve
over 600 million shoppers per year collectively.
grabango.com
venturebeat.com
pymnts.com
BOPIS State of the Industry Report - Part 2
New Report Ranks Top Retailers' Online Buying Experience in the BOPIS Process
The report takes an in-depth look at the online and notification portion of
the BOPIS experience from the consumer's perspective.
The findings in the report are based on the feedback provided by 300 secret
shoppers that explored the BOPIS shopping journey at 10 top retailers across the
U.S. "With this research, we solidified our hypothesis that the online purchase
and notification segments are the most mature elements of the BOPIS experience.
However, there are still significant differences between the top-ranking
retailers and bottom ranking retailers, especially in areas that have
significant impact on the customer, namely the time to notify the customer,
and clear instructions on the in-store pickup process."
Key findings include:
-
Transparency Matters: Consumer
satisfaction ratings for having items clearly marked as 'Available for
Pickup' mirror the overall rating of the retailer's site, satisfaction with
the overall BOPIS process and the probability of repeating the service.
-
Timeliness Differentiates: The speed
of notification is the greatest area of disparities in the ratings. Those
retailers who sent notifications of fulfilled orders in two hours or less,
saw a significant increase in metrics around repeat business, recommending
the service to others and buying additional items.
-
Clarity Helps: Retailers who provide
clear instructions on where to pickup orders once in the store has a
critical impact on their overall pickup experience ratings.
You can download
Part 2 of the BOPIS State of the Industry Report here:
globenewswire.com
Instacart Putting Drivers At Risk
Hiding Addresses
- High Crime Areas - Until Driver Accepts
"The real reason Instacart doesn't want us to see the addresses is they know
experienced shoppers will refuse batches to customers who live in high-crime
areas, have a history of harassment or violence, and who are poor tippers,"
Instacart tells Fast Company that the policy change is to protect customer
privacy, since both the address and potentially sensitive items ordered
would be broadcast to many drivers. As an example, they cited a customer
ordering a pregnancy test.
As for fears about driving into dangerous neighborhoods, Instacart says that
assignment offers do provide an approximate location, so shoppers can make a
call. "If there is an issue, where you are uncomfortable delivering to an
address, please reach out to us," a support rep wrote to another shopper. "We
can compensate you for shopping and remove you from the order."
fastcompany.com
Senior LP & AP Jobs
Market
Corporate Security Manager - Apple, Cupertino, CA
Apple is looking for an articulate and creative problem-solver with a background
in delivering solutions according to the very highest customer service
standards. Experience with campus security services, special event security,
incident command, program building, guarding service management or similar is
terrific. Anyone from outside the security field but who have fabulous customer
service skills will be strongly considered. We want the right person and can
train the security piece. This is an individual contributor role. It does not
have any direct reports. BA/BS required. Advanced degree preferred. apple.com
Once again 1st one starts: Kohl's Kicks Off Holiday Hiring - 3,000
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Appriss Acquires Verisk's
Retail Loss Prevention Solutions
Adding product lines and client
bases increases
Appriss' retail performance improvement leadership
Appriss,
a leading provider of data analytics solutions in safety, health, and retail,
today announced the acquisition of the retail loss prevention solutions from
Verisk (Nasdaq:VRSK), a
leading data analytics company serving the insurance industry, energy and
specialized markets, and financial services. Verisk's retail loss prevention
portfolio has a broad and global client base of more than 70 retailers, many new
to the Appriss family. This acquisition will be integrated into Appriss' retail
business unit, Appriss Retail.
Verisk's retail loss prevention solutions include Aspect EliteLP, APIS (Aspect
Protection Information System), and (n)act. Together, they bring to Appriss
Retail a well-known product set and an experienced team of retail professionals,
highly skilled in exception reporting and incident management solutions as well
as retail operations and total loss analytics. This addition to the current
Appriss and LP Software offerings further enhances Appriss Retail's position as
the premier retail analytics provider in the market.
Additionally:
-
Appriss is committed to growing organically and via acquisition, recently
surpassing 25 consecutive years of growth.
-
Appriss celebrates an innovative culture, investing in its growth by tripling
R&D spend in the past three years.
-
Appriss Retail's Software-as-a-Service (SaaS) solutions target the retail
Global 1000 and drive action throughout the organization, including operations,
finance, marketing, and loss prevention.
-
Appriss Retail's comprehensive platform for performance improvement yields
measurable results with significant ROI among retail store, ecommerce, and
inventory functions.
"The inclusion of Verisk's retail clients now allows Appriss Retail to serve
more than 300 of the largest, most advanced retailers in the world," said
Krishnan Sastry, chief operating officer of Appriss. "What we gain by serving
such a large client-base is collective intelligence. This creates the combined
knowledge that we are able to leverage through our platform and our world class
data science team to deliver advanced analytics and predictive models that drive
measurable performance improvements across many functions in each specific
retailer."
"Joining the Appriss Retail organization is an incredible opportunity for us to
leverage our more than 20 years of experience in providing leading retail
solutions with a team that has led the way in using advanced analytics to
protect the profits of retailers worldwide," said Cheryl Blake, division
president of Verisk Financial | Retail Solutions. "Our clients will benefit from
the laser focus on the retail space while still enjoying the outstanding support
that has been the hallmark of our team." |
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RH-ISAC & Accenture Security's iDefense Team Up
1st Ever Retail and Hospitality Threat Trend Report
 iDefense and RH-ISAC analysis saw cybercriminals and cyber-espionage groups
remain active throughout 2018. The retail and hospitality sectors are diverse,
and threats were distributed to impact much of the sector. When compared with
other malicious indicators, malspam (cybercriminal malicious e-mail campaigns)
accounted for the highest volume of RH-ISAC member reporting during 2018. This
activity is a global problem, with campaigns observed daily, and is likely to
continue.
Key Findings:
-
Strategic threat landscape and horizon
scan: Technology innovation in the sector could draw significant
investment and lead adversaries to evaluate opportunities as a result of
that spend.
-
Cyber espionage impacting hospitality:
Personally identifiable information stolen from hospitality organizations,
or their clientele, can be used for purposes beyond financial gain, such as
to track travel patterns of high-value targets.
-
Analysis and comparison of point-of-sale
malware families: Despite the widespread adoption of chip cards in the
United States, attackers continue to find ways to steal credit card
information, often offering it for sale to criminals or exploiting the data
themselves.
-
Virtual skimming threat activity poses
risk to payment card data: The demand for new skimmer development and
deployment could grow as more and more global consumers use mobile
applications for purchasing.
For the full TLP: White report, visit:
https://www.accenture.com/us-en/insights/consulting/retail-hospitality-threat-trend-report.
If you are an RH-ISAC member, contact
info@rhisac.org for the TLP: Amber version.
rhisac.org
Business Email Scams Rose 133% in 2018 Over 2016
A type of scam that involves impersonating vendors or corporate executives and
requesting fraudulent wire transfers is on the rise, according to the Treasury
Department's financial crimes unit.
The Financial Crimes Enforcement Network, in a report Tuesday, said it received
roughly 14,000 suspicious activity reports in 2018 related to business
email compromises, up from about 6,000 in 2016.
Fraudulent vendor invoices accounted for 39% of all business email scams in
2018, up from 30% a year earlier.
WSJ Pro
US Mayors Commit to Just Saying No to Ransomware
In a resolution signed at the US Conference of Mayors earlier this month, the
top elected officials of every city of more than 30,000 citizens committed to
not paying ransoms to the cybercriminals that encrypt data and demand payment to
unlock the information. The resolution came just days after Lake City, a town of
12,000, paid $460,000 and weeks after Riviera Beach, Florida, a town of 35,000,
paid $600,0000 to regain access to their respective systems. darkreading.com
Editor's Note: Last time I heard that expression being used it didn't
do so well. Wonder who's going to break first?
Businesses' Core Functions Are More Vulnerable to
Hackers
Companies are connecting behind-the-scenes business software to the internet,
meaning that the systems that run their accounting, supply chains and other core
functions are increasingly vulnerable to hackers.
 The complex, customized software, known as enterprise resource planning systems,
traditionally has been kept away from public networks, running instead in
companies' data centers. In recent years, businesses have built links between
ERP systems and the internet, in part to make employee access easier.
The Department of Homeland Security
warned last year that cybercriminals, including state-sponsored attackers,
are targeting ERP systems, many of which were installed decades ago and are
updated less frequently than software built for web and mobile use.
"From the security point of view, ERP systems are underserved and don't get
enough attention," said Jason Fruge, chief information security officer at
watchmaker Fossil Group Inc. "Everything is in there-you can easily say
it's the most important application in the organization."
WSJ Pro
FBI Publishes GandCrab Decryption Keys
GandCrab Developers Retiring After Earning $150M in 18
Months
Publishing the keys should render existing versions of the ransomware far less
dangerous for victims.
The keys' release follows a June 1 announcement from GandCrab developers that
they were shutting down the criminal network and retiring after earning, they
claim, more than $150 million from the roughly 18 months GandCrab was in
operation. That's out of more than $2 billion in claimed earnings from the
entire GandCrab network.
darkreading.com
FBI Flash
What is bias in AI really, and why can't AI neutralize it?
Selection algorithms everywhere are exhibiting traits that appear to be racist,
sexist, and otherwise discriminatory. Have neural networks already developed
their own neuropathy? Or are people somehow the problem?
Suppose a CCTV camera were to spot your face in a crowd outside a sports
stadium. In a data center somewhere on the planet, an artificial neural network
analyzes images from the CCTV footage frame-by-frame. How confident are you
right now that this algorithm can exclude your face from a set of mug shots in
an Interpol wanted list?
If the police were to call you aside for questioning, inform you exactly what
the algorithm inferred from the image, and tell you they had reason to detain
you, how would you defend yourself? Could you claim it's unfair for anyone or
anything to presume to know what a terrorist typically looks like?
zdnet.com
Editor's Note: Great article on the subject and market update on how
to neutralize it.
What the CFOs Are Reading
Here We Go - Ripping Crypto - Dangerous Place to Be
U.S. Treasury Secretary Mnuchin Warns of Cryptocurrency Security Risks
U.S. Treasury Secretary Steven Mnuchin echoed his boss's concerns about
cryptocurrencies, saying he was "not comfortable" with Facebook's
proposed Libra digital currency, in part due to the risk it could be misused by
criminals and terrorists.
According to
The New York Times, Mnuchin's comments at a news conference on Monday are "the latest indication that Washington is preparing to exert its power over
digital currencies."
In a series of Twitter posts last week, President Trump said he was "not a
fan" of cryptocurrencies and that they can be used to "facilitate unlawful
behavior," including drug trafficking.
Federal Reserve Chair Jerome Powell said last week that the central bank had
"serious concerns" about Libra and had been in contact with Facebook
regarding its project.
cfo.com
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Canadians Returning to the Black Market for Cannabis
Illegal Cannabis in Canada is 80% Cheaper than Legal Pot
 The
average cost of a gram of cannabis from the illicit market continues to drop as
legal prices rise -- with authorized retailers charging as much as 80 per
cent more, according to an analysis by Statistics Canada.
The cost of a legal gram of weed, however, was $10.65, up from $10.21 in the
previous quarter and $9.82 in the fourth quarter of 2018, based on
self-submitted quotes. At $10.65, legal cannabis in the second quarter is
roughly 80 per cent more costly than the $5.93 price tag on illicit weed.
"The share of respondents who reported purchasing illegally due to 'legal
cannabis being too expensive' roe from 27 per cent in the first quarter of 2019,
to 34 per cent in the second quarter," the Ottawa-based agency said in a
release.
Overall, based on these voluntary submissions, the average price per gram of
cannabis fell to $7.87 from $8.03 in the previous quarter, largely attributed to
lower reported illegal prices.
The share of StatsCannabis respondents purchasing pot illegally rose to 59
per cent during the quarter, up from 55 per cent in the first quarter.
ctvnews.ca
The Fight Heats Up Over Ditching Cash Payments
Will Canadian Food Retailers Go Cashless?
According to a recent survey by
Payments Canada, 42
per cent of consumers use cash fewer than four times a month when purchasing
food. A year ago, it was only 20 per cent. Our food transactions are becoming
more digitalized and the conversion rate away from using cash is phenomenal.
There has been a lot of talk about Amazon Go's cashier-less model in the United
States, which will come to Canada at some point.
But some argue that cashless stores discriminate against low-income shoppers who
may not have a bank account or the means to have credit or debit cards. Close to
a million Canadian adults are unbanked and have no credit or debit cards. Many
of them are single mothers. These are arguments that can hardly be overlooked,
especially if food is involved.
In food service though, the cashless agenda is very different. Some argue that
digitizing food transactions is allowing food service companies to
inconspicuously increase food prices. If the price of a cup of coffee was raised
by 5 or 10 cents, it is easily noticeable when you visually see your money
before paying the cashier. Now, though, you're just a tap or a swipe away from
that coffee. No paper, no coins, no visuals.
retail-insider.com
Restaurant Chain Gives Back
Paramount Fine Foods CEO provides work to refugees upon arrival in Canada
The head of Middle Eastern food chain Paramount Fine Foods has tapped into a
global refugee talent pool to hire a new team member. CEO Mohamed Fakih hired
Nabil Maati at his Paramount Crestlawn location as a chef and kitchen manager,
through a non-governmental organization called Talent Beyond Boundaries.
Maati arrived in Toronto last week with his family from Iraq, and is one of
10 refugees that the company has hired upon arrival. Paramount Fine Foods
has hired over 150 refugees in Canada and over 75 around the world.
cbc.ca
Canada Store Openings & Expansions
●
Canadian Furniture Brand 'Bois & Cuir' Opens Flagship as it Rapidly Grows Retail
Operations
●
Innovative Fashion Retailer 'Reformation' Launches Canadian Expansion with 1st
Storefront
●
Famoso Italian Pizzeria + Bar Expanding to Greater Toronto Area
●
Sleep Country opens at Square One
●
Healthy Planet opens at Parkway Mall in Scarborough
●
Boutique men's store launches on Reid Street
●
Versace Opens Impressive Canadian Flagship on Yorkville Avenue
Aritzia continues sales growth streak, reports nearly 32% jump in income
Canada Made Its Legal Weed Rules Too Tough and We're Going To Pay For It
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Fight erupts, shots fired outside shopping center at Toronto music
festival
Police say there were only minor injuries after a
brawl broke out and shots were fired at a music festival outside a
Toronto shopping centre on Sunday evening. Const. David Hopkinson says
the incident happened at the Sandz Toronto Caribbean Music Festival in
the city's west end. He says officers were already on the scene to
provide security for the outdoor festival, and they heard shots ring out
after a fight erupted. Hopkinson says they found evidence a gun had been
fired, but nobody was shot.
globalnews.ca |
Capilano, BC: Man shot in the stomach in Walmart parking lot
Police responded to reports of a weapons complaint around 7:45 p.m. to find a
man with an apparent gunshot wound. The man was taken to hospital with
non-life-threatening injuries after being shot in the stomach. Witnesses say the
victim got out of the Impala and that two men were seen arguing in the parking
lot before the shooting.
edmontonsun.com
Edmonton, AB: Store surveillance captures homocide victim the night he
disappeared
Winnipeg, MB: Beer store shooting leaves man in critical condition
Hamilton Mountain, ON: Fleeing shoplifter abandons stroller stuffed with $1,000
in stolen goods
Nanaimo, BC: Mall temporarily locked down after police respond to call for youth
with firearm
Calgary, AB: Stolen pet store puppy recovered; Boston Terrier still missing
Robberies & Burglaries
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C-Store - Kitchener, ON - Armed Robbery
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Superstore - Toronto, ON - Robbery
●
Unnamed Store - Saskatoon, SK - Armed Robbery
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Canadian Connections Archives
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'Inside the LPRC IMPACT Conference' 2018
An Eight-Episode Series Presented by
Sensormatic
Assessing The Real-World Impact of LP Efforts
The LPRC Delivers Evidence-Based Solutions and Actionable Results
LPRC
Board of Advisors
Industry Impact & Future Direction
Helping to Steer the Industry's Only Academic Research Effort
Brian Bazer, Sr. Director of Loss Prevention, rue21, &
Chairperson of the LPRC Board of Advisors
Shannon Hunter, VP, LP, Safety & Sustainability, Office Depot,
& Vice Chair of the LPRC
Board of Advisors
Eric Buttlar, Vice President, Profit Protection, Best Buy, & LPRC Board Member
In our 8th and final episode in this LPNN series, we speak with three members of
the Loss Prevention Research Council's Board of Advisors who are helping steer
the effort with Dr. Read Hayes, Director of the LPRC, and his team.
With years of LPRC involvement, Brian Bazer, Shannon Hunter, and Eric Buttlar
talk about why the LPRC has been so successful over the years and what the
future holds, as the only academic resource in the LP/AP industry bringing
together retailers, solution providers, manufacturers, and government agencies
to solve the problems of today and potential problems of the future.
From utilizing evidence-based research to developing peer relationships,
learn how the LPRC can help you contribute to your organization at a much higher
level.
As a retailer, the LPRC can help you work smarter, not harder, leveraging the
wisdom of the crowd without reinventing the wheel. As a solution provider, the
LPRC allows you to hear directly from the voice of the customer.
Get involved today! Learn more at
lpresearch.org
|
Exclusive Sponsor: |
 |
See more of our 2nd LPRC series
here.
Watch our 1st series
here.
Take the time to learn. As this is the LP/AP academic "Think Tank".
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Stolen Payment Data: Infected Ecommerce Website
to Darknet Markets
The final actor of the stolen payment data supply chain is the end user. Rather
than just selling or reselling payment data, the end user plans on fraudulently
monetizing it.
This malicious end user typically buys payment data in limited quantities,
since:
1. The price per stolen data greatly increases from when it was originally sold
by the source.
2. There's an unknown amount of time until the financial institution revokes the
issued stolen data. As a result, it's in their best interest to use the stolen
payment data beforehand.
We can break down this end user group further into two subgroupings based on the
nature of the fraudulent transactions they commit: Physical transactions or
Card-Not-Present (CNP) scenarios.
Physical Transactions
Before the criminal can actually use any stolen data, they must generate a
physical payment card with the information purchased from the darknet.
Ideally, the criminal wants the payment card to accurately reflect the stolen
data that they encode onto the magnetic stripe.
Once the criminal has the stolen data and blank payment card, they can begin
generating a physical payment card on their own. Two necessary tools are
typically employed for this purpose, and can be easily found on popular
websites like Amazon: Embossers and Encoders.
Card-Not-Present (CNP)
CNP occurs when the payment card used for the fraudulent transaction is not
physically present. Nowadays, the majority of CNP is done through online
transactions, but telephone and postal services may also be used.
One method used to cash out payment cards without the use of physical drops (e.g
receiving stolen goods to an address resale) is to exploit payment processors
in conjunction with a fake ecommerce website set up by the criminal. Once
the stolen funds have been consolidated from multiple stolen payment cards,
foreign criminals use money/stolen good mules to launder their money through the
mule's personal bank accounts. Read more:
securityboulevard.com
Alexa, How Was Prime Day?
Prime Day 2019 Surpassed Black Friday and Cyber Monday Combined
This year, Prime Day was once again the largest shopping event in Amazon history
with more than one million deals exclusively for Prime members. Over the two
days of Prime Day, on July 15 and 16, sales surpassed the previous Black Friday
and Cyber Monday combined. Prime members purchased more than 175 million items
throughout the event.
Global Highlights from Prime Day 2019
● Prime members worldwide saved more than one billion dollars throughout Prime
Day.
● Millions of items shipped in one day or faster using Prime Free One-Day, Prime
Free Same-Day, or Prime Now worldwide - making it the fastest Prime Day ever.
● Members in 18 countries shopped - double the number since the first Prime Day
five years ago.
● Amazon welcomed more new Prime members on July 15 than any previous day, and
almost as many on July 16 - making these the two biggest days ever for member
signups.
U.S. Highlights from Prime Day
2019
● A record number of Prime members shopped during Prime Day in the U.S.
● Prime members purchased more than 100,000 lunchboxes, 100,000 laptops, 200,000
TVs, 300,000 headphones, 350,000 luxury beauty products, 400,000 pet products,
650,000 household cleaning supplies, and more than one million toys.
yahoo.com
Europe is now formally investigating Amazon's use of merchant data
European regulators have
announced a formal antitrust investigation of Amazon's use of data
from third parties selling on its ecommerce platform.
We need to ensure that large online platforms don't eliminate these benefits
through anti-competitive behaviour. I have therefore decided to take a very
close look at Amazon's business practices and its dual role as marketplace and
retailer, to assess its compliance with EU competition rules."
Based on its preliminary fact-finding the Commission said today that
Amazon "appears to use competitively sensitive information - about
marketplace sellers, their products and transactions on the marketplace".
On both sides of the Atlantic regulators are fast dialing up their scrutiny
of the tech sector.
techcrunch.com
Editor's Note: And if you had every competitor's data on your systems,
what would you do?
Amazon settles German antitrust probe ahead of EU battle
Patagonia TM suit targets 'customs dodging' counterfeiters
On Prime Day, Amazon faced website glitches, but no major
crash
Report: Online sales will reach $645 billion in 2020; but
growth slowing
Rue21 partners with Klarna for online orders
Carter's Bolsters Its Website Performance with Yottaa,
Inc. |
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Cleveland, OH: 7 Indicted in $156,000 in 'One of
the Biggest Thefts in Giant Eagle History'; 5 Associates involved
 On
Tuesday, a Cuyahoga County grand jury indicted seven people in an alleged coupon
fraud scheme at Giant Eagle in Bedford. According to the indictment, the
customers would fill "one or more grocery carts with items for sale - typically
the items chosen were baby products, paper goods, personal care items, cleaners,
other non-perishable goods, and retail gift cards." The items would be scanned
at the register and cards would be activated, with the "customer" offering
coupons which were non-matching or otherwise ineligible. "When the store
register would decline the coupon, the employee member would simply override it
and apply the coupon anyway," the indictment read. Transactions averaged more
than $400 apiece, with the customers paying less than $20. According to the
indictment, the offenses took place between July and December 2018. The total
value of the goods was more than $156,000, roughly $44,000 of it being in gift
cards, which sources say employees pocketed. Many items were also sold at
makeshift pop-up stores, at least one of which was in a storage unit, with
customers paying pennies on the dollar.
wkyc.com
 Corpus
Christi, TX: Smash & Grab Burglars cleared shelves of a local Office Depot;
$30,000 of merchandise
Burglars made off with shelves worth of merchandise from an Office Depot this
morning. According to officials, police responded to the call at 2:36 am at the
Office Depot on S Padre Island Dr. The burglars appeared to have driven through
the front entrance that was locked with a metal gate. CCPD Senior Officer Travis
Pace told KRIS that the damages and items stolen total at about $30,000. There
was a string of smash and grab burglaries in May. Officials say it is too early
to tell if these are connected.
kristv.com
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Sparks, NV: Two Suspects wanted for
Tool Theft from Granger
Police need help finding two men who posed as employees and stole
tools from an industrial store on two separate occasions. Officers
say the duo went to Grainger on Packer Way several times claiming to
be employees of several different businesses. They allegedly picked
tool orders - and made off with the stolen goods.
ktvn.com |
Chattanooga, TN: Ulta Beauty reports 2 suspects fleeing with nearly $5,000 of
merchandise
Edina, MN: $2,505 worth of Apple Watches reported stolen from Apple Store in
Southdale Center
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 Richmond, VA: 10-month-old girl dies after she's left in hot car outside Grocery
store
The
child, believed to be 10-months old, was left in the SUV while the adult she was
with went grocery shopping, Tuesday afternoon. The car was then driven to a home
in South Richmond. That's where emergency crews responded just before 2 p.m. The
child, who was in cardiac arrest, died on the way to the hospital. Crime Insider
sources say that detectives want to know why the 911 call was made from the
Britannia Road home instead of the parking lot of the grocery store where she
was left. Temperatures in Richmond Tuesday afternoon were in the low 90s, with a
"feels like" temperature between 101 - 103.
wtvr.com
 Mukwonago,
WI: Woman says homicidal thoughts led to stabbing of stranger at gas station
An 18-year-old woman accused of stabbing a stranger at a Mukwonago gas station
told police she has had homicidal thoughts in the past and brought a knife to
school last year. Ashlyn Wieczorkowski, 18, is charged with attempted
first-degree intentional homicide after police say she used an approximately 12"
long butcher knife to stab a 59-year-old Illinois man in the chest and hand.
Investigators say the woman did not know the man and she seemingly chose him at
random. It happened around 9:15 a.m. Monday, July 15 at the North Star Shell gas
station near Highway 83 and Veterans Way.
cbs58.com
Update: Las Vegas, NV: Woman accused of hitting
and killing Vegas salon worker with stolen car pleads Not Guilty, bail denied
21-year-old Las Vegas woman pleaded not guilty and lost a bid to be freed from
jail in the death of a salon worker who tried to stop her from skipping out on a
$35 manicure. A judge on Tuesday rejected a request from Krystal Whipple's
attorney, Timothy Treffinger, to set bail at $100,000 and house arrest pending
trial next April in the death of 51-year-old Ngoc Q. Nguyen. A prosecutor noted
Whipple fled after video aired widely last December showing the deadly
confrontation in the salon parking lot.
news3lv.com
Ferguson, MO: Argument inside Market ends with 1 man shot and killed in parking
lot
Robberies, Incidents & Thefts
Seattle, WA: Former Microsoft Employee Charged For Role In $10M Theft Scheme
A former Microsoft software engineer was arrested today and charged in a
criminal complaint charging him with mail fraud for a scheme to steal $10
million in digital currency from Microsoft. Volodymyr Kvashuk, 25, a Ukrainian
citizen residing in Renton, Washington, worked first as a contractor at
Microsoft and then as an employee from August 2016 until he was fired in June
2018. Kvashuk was involved in the testing of Microsoft's online retail sales
platform, and used that testing access to steal "currency stored value" such as
gift cards. The complaint alleges Kvashuk resold the value on the internet,
using the proceeds to purchase a $160,000 Tesla vehicle and a $1.6 million
dollar lakefront home.
morningsidemaryland.com
 Update:
Pleasant Prairie, WI: Two Arrested, 8 still at large
after "Flash Mob" steals
more than $30K in clothing
Two of the ten men involved in a flash mob that stole more than $30,000 worth of
clothing from a Pleasant Prairie North Face store have been arrested by Chicago
authorities. Pleasant Prairie police say 28-year-old Bernard Stratton and
25-year-old Jerrod C. Brim were arrested on charges of felony retail theft and
for being a party to a crime in retail theft as repeat offenders. Arrest
warrants were obtained for four additional suspects who have been identified.
According to the criminal complaints, all of the men have current addresses in
Chicago. Pleasant Prairie, WI is 60 miles northwest of Chicago.
cbs58.com
Kansas City, MO: Burglars steal more than $40K
worth of merchandise from upscale KC Consignment shop Initial KC,
a local boutique, is shutting its doors for good. An early morning break-in left
one of Kansas City's only upscale sneaker consignment shops out of more than
$40,000. Co-owner Ivan Qui said they were just days away from their one-year
anniversary, and he believes the store may have been targeted.
fox4kc.com
Crookston, MN: Man Shows Gun At McDonald's Drive-Thru And Says:
"Give me all your money. Just kidding."
Police in Crookston say a man pulled up to the drive-thru at McDonalds, showed a
gun and said, "Give me all your money. Just kidding." Crookston Police are not
laughing. They say although the driver implied the incident was a joke, his
actions are still criminal and he could be charged. After they got their order,
they drove off.
kvrr.com
 Edgewater,
NJ: Aggravated Assault: Police Officers Injured In Scuffle With Target
Shoplifter
What began as shoplifting put a man behind bars after he assaulted two Edgewater
police officers, authorities said. Joseph Holman, 36, had been going in and out
of the Target on River Road, changing his shirt each time and stuffing
electronics into his backpack, Detective Sgt. Timothy Farrell said. Summoned by
security, Sgt. Brian VanWettering and Officer Daniel Massuda said they
confronted Holman in the electronics section, found him carrying stolen goods
and began to take him into custody. Holman resisted, however, Farrell said. Both
officers sustained cuts and bruises in a struggle to finally arrest him, the
sergeant said. Holman's record includes an arrest for an Edgewater convenience
store burglary in November 2017.
dailyvoice.com
Port Charlotte, FL: Chick-fil-A Restaurant the victim of an Armed Robbery, no
injuries
Marion County, SC: Investigators release surveillance photos in Dollar General
robbery
Beaumont, TX: Three teens quickly arrested in Armed Robbery of Dollar General
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AT&T - Indian River County, FL - Robbery
•
C-Store - Baltimore County, MD - Armed Robbery
•
C- Store - Robeson County, NC - Burglary
•
Consignment Shop - Kansas City, MO - Burglary
•
Gas Station - Opelika, AL - Burglary
•
Grocery store - San Antonio, TX - Armed Robbery
•
Gun store - Tarrant County, TX - Burglary
•
Liquor Store - Detroit, MI - Burglary
•
Marijuana Store - Alamogordo, NM - Burglary
•
Office Depot - Corpus Christi, TX - Burglary
•
Pharmacy - New Albany, OH - Robbery
•
Restaurant - Port Charlotte, FL - Armed Robbery
•
Restaurant - McAlester, TX - Robbery
•
Restaurant - Danville, VA - Burglary
•
Restaurant - Santa Clarita, CA - Burglary
•
Salvation Army - Visalia, CA - Burglary
•
7-Eleven - Woodbridge, VA - Armed Robbery
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Daily
Totals:
•
7 robberies
•
10 burglaries
•
0 shootings
•
0
killed
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None to report |
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Submit Your New Hires/Promotions or New Position |
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Featured Job Spotlights
 |
Regional Manager LP, Audit & Firearms Compliance
Office location could be in AL, GA, IN, KY, NC, TN, VA & WV
The Regional Loss Prevention Manager is responsible for the control and
reduction of shrinkage at the stores in their Territory...
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Manager of District Loss Prevention
Stockton, CA
You will be responsible for driving company objectives in profit and loss
control, sales performance, customer satisfaction, and shrink results...
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District Loss Prevention Manager
Sacramento or Hayward, CA
Proactive approach to preventing losses/injuries whether they are to our
employees, third parties or customers valuables. They include cash in transit,
auto losses or injuries...
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District Loss Prevention Manager
Las Vegas, NV/Phoenix, AZ
Proactive approach to preventing losses/injuries whether they are to our
employees, third parties or customers valuables. They include cash in transit,
auto losses or injuries...
|
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District Loss Prevention Manager
Baltimore, MD/Northern VA
Proactive approach to preventing losses/injuries whether they are to our
employees, third parties or customers valuables. They include cash in transit,
auto losses or injuries...
|
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District Loss Prevention Manager
Rochester or Syracuse, NY
Proactive approach to preventing losses/injuries whether they are to our
employees, third parties or customers valuables. They include cash in transit,
auto losses or injuries...
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Regional Asset Protection Manager
Metro DC/Northern VA
The Regional Asset Protection and Safety Manager will lead the Region in shrink
reduction and profit maximization efforts... |
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Regional Asset Protection Manager
Ohio/Kentucky/Pittsburgh
The Regional Asset Protection and Safety Manager will lead the Region in shrink
reduction and profit maximization efforts... |
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Security Industry Specialists,
Inc.
provides unique security solutions to some of the
most successful names in business. Our clients include Fortune 500 companies,
designer brands, international events, celebrities, and high-profile executives.
We are currently looking for an experienced LP Specialist -
Undercover/Plain Clothes.
● Conduct undercover surveillance to detect and apprehend shoplifters
● Recover assets and/or make safe apprehensions
● Must be able to communicate with all levels of staff and management
● Get to create your schedule with your Supervisor
●
Loss Prevention Specialist - Tukwila, WA
●
Undercover/Plainclothes LP Specialist - San Jose, CA
●
Loss Prevention Specialist - Miami, FL
●
Loss Prevention Specialist - Minneapolis, MN
●
Loss Prevention Specialist - Philadelphia, PA |
Featured Jobs
To apply to any of today's Featured Jobs, Click Here
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Jobs
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to see all LP/AP job postings from across the web,
including single-unit, district and regional positions.
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The importance of staying focused and positive in your job search can't be over
emphasized. Even when you're networking keep it positive and never network
without asking for another contact name at the companies you're looking at.
Operators, Human Resource executives, other Loss Prevention executives, anyone
that is in a management position with the companies you're interested in
joining. We'd also suggest visiting some stores and trying to meet the Loss
Prevention team and finding out more about their LP efforts, structure,
management individuals, and just plain getting to know that companies LP culture
and never leave without leaving a copy of your resume. Every successful
marketing campaign has a grass roots methodology and getting into some stores is
just that. If done correctly I assure you the multi unit LP executives will find
out who you are and respect you for doing it.
Just a Thought,
Gus
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