Lauren Freede promoted to Asset Protection Manager of Investigations & Anti-Money Laundering for 7-Eleven Prior to this assignment, Lauren was an Investigations Supervisor on the Central Investigations Team. Lauren joined the Asset Protection team at 7-Eleven in July of 2013. Prior to joining the team, Lauren spent 6 years with Target as an Executive Team Leader of Assets Protection. Lauren has a B.S. in Criminal Justice from The University of Central Oklahoma. Congratulations Lauren!

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Vector Security: Official Statement Regarding Angela Stith

We are saddened by the recent events surrounding the death of Angela Stith early this morning. Angela was a relatively new employee starting in January of this year, and she was liked by her coworkers and peers. Our hearts go out to her family during this difficult period.

Our local teams have been working with law enforcement to provide all of the necessary information, including giving access to video footage and employees to help in the investigation.

Our focus now is on our employees allowing them time to grieve and process what occurred. In particular, we are assisting the ones that rushed to help Angela along with the number of employees who watched these tragic events unfold over live video feed. We are providing on-site counseling to all employees and ask that the media respect their privacy as they grieve for a coworker and friend.

For any further details related to this case, we ask that you review District Attorney Kevin Steele's August 3rd press conference related to this matter.

Register today! Don't miss this year's ARLF!

Check out what's in store...

The forum sessions have been catered towards you and your needs by our Retail Advisory Board. We cover the topics trending now in retail security to ensure you leave better prepared and ready to take on challenges in your role.

We'll cover sessions such as:

  ● Integrated solutions panel with major retailers
  ● PCI Compliance
  ● Cybersecurity
  ● New technologies catered to retail professionals
  ● And much more!

You won't want to miss out on this educational opportunity.

Scalpers Deploys Nedap Retail's RFID Solution Across 150 Stores
Global fashion retailer Scalpers is launching a company-wide RFID system that is tracking its inventory as the merchandise flows through the distribution center to its stores and then moves between back rooms and store fronts.

The company is rolling out a solution from Nedap by first bringing nine "champion" stores live, then using those stores for training and rollout of the entire chain across Europe and globally.

While the solution is aimed at bringing inventory accuracy levels to near 100 percent at all stores in the short term, the company says, it has long-term plans to use the system for point-of-sale (POS) and security functions, as well as offering customer-facing features. The passive UHF RFID system, provided by Nedap Retail, consists of the technology company's !D Cloud software and handheld readers, in addition to customized tunnel readers. rfidjournal.com

Ransomware Attacks: A Quantum Leap from Quantity to Quality
"More Sophisticated, Targeted and Effective"
Unlike other types of malware which rely on stealth characteristics to infiltrate systems or quietly siphon off data untraced, ransomware boldly declares its intent. After the WannaCry outbreak, which leveraged the leaked NSA EternalBlue exploit, ransomware had become a mainstream topic of conversation, and a major concern.

Fast forward a year and by all accounts ransomware incidents are on the decline - by as much as 32% according to some reports. So should security practitioners check ransomware off their list of things keeping them up at night? Dig a little deeper and we see that, for enterprises, the ransomware threat is not going away anytime soon. While attack volume may have declined, ransomware attacks have evolved to be more sophisticated, targeted and effective against unsuspecting users and unprepared organizations.

Unfortunately, when it comes to ransomware, most security solutions have proven fairly ineffective. Many victims of ransomware are running fully-updated antivirus engines alongside anti-exploit and/or HIPS engines at the time they get hit. Signature-based solutions simply can't keep up with the pace of new malware variants, especially when polymorphic code can generate a new signature as quickly as every 15 or 20 seconds. securitymagazine.com

Congress passes bill forcing tech companies to disclose foreign software probes
The U.S. Congress is sending President Donald Trump legislation that would force technology companies to disclose if they allowed countries like China and Russia to examine the inner workings of software sold to the U.S. military.

The legislation, part of the Pentagon's spending bill, was drafted after a Reuters investigation last year found software makers allowed a Russian defense agency to hunt for vulnerabilities in software used by some agencies of the U.S. government, including the Pentagon and intelligence services.

Security experts said allowing Russian authorities to probe the internal workings of software, known as source code, could help Moscow discover vulnerabilities they could exploit to more easily attack U.S. government systems. reuters.com

Cyber Security Summit Coming to Global Security Exchange
ASIS International, the world's largest association of security management professionals, today announced that Cyber Security Summit will co-locate with Global Security Exchange (GSX), expanding the depth of cyber education in the blockbuster GSX conference program. In the first year of its rebrand following a 63-year history as the ASIS Annual Seminar and Exhibits, GSX-the security industry's flagship event-is expected to attract more than 20,000 operational and cyber security professionals and 550 exhibitors to the Las Vegas Convention Center, Sept. 23-27.

The Cyber Security Summit, taking place Sept. 26-27, brings together top government, industry, and academia thought leaders to exchange ideas and engage in a dialogue to improve the state of cybersecurity. The event provides an annual review of what has happened over the past year, an update on current cyber trends, and most importantly a preview of what organizations need to prepare for in the future. asisonline.com

Unified Security Data: A Simple Idea to Combat Persistent, Complex Cyberattacks
Do you know what happens to your data when it's not in use? If the answer is no, you need to fix that.

When cyberattacks take place in enterprises, the resulting data lives in various siloes: security information and event management (SIEM) systems, emails, ticketing systems, intel feeds, security devices, and more. Data flows in and out of these systems, and security teams react to the data as best they can in order to address threats as they arise. But what happens to the data once it's not in use? Where does this data live long term, and how can it be applied to future threats? Unifying data across an entire security architecture provides the intelligence and context necessary to activate data on demand and use it to identify and resolve persistent threats. darkreading.com

The Loss Prevention Research Council's
Impact Conference Oct. 2-4 2017, A Six Episode Series
Filmed on location at the University of Florida

THE LPRC CONDUCTS RESEARCH TO DEVELOP CRIME AND LOSS CONTROL SOLUTIONS
THAT IMPROVES THE PERFORMANCE OF ITS MEMBERS AND THE INDUSTRY

The IMPACT Conference helps retailers & solutions partners better employ research tools
to assess the real-world impact their LP efforts have on sales, crime, and loss levels.
 

Introducing the Loss Prevention Research Council

Who They Are & What They Do

In this six-minute episode, Gus Downing, Publisher & Editor of the D&D Daily, explains what the LP/AP industry's only "Think Tank" - the Loss Prevention Research Council, is all about. Learn about its mission, its objectives, its structure, and how it delivers "evidence-based" solutions for the decision makers and leaders of the industry.

Over the next five episodes, which we urge every LP/AP executive to watch, you'll learn and see how critical this "Think Tank" is to helping the industry develop evidence-based solutions that solve the shrink and crime issues retailers face.

A few of these episodes are lengthy, as they dive deep into the LPRC model and allow you to see exactly how these scientists, retail LP/AP leaders, and solution partners are working together to help develop the solutions that help you deliver best-in-class results.

So stay tuned and take the time to learn. As this is the LP/AP academic "Think Tank".
 

Sponsored By:

Eliminating the guess work, the trial by error, and word-of-mouth old-school approaches,
the LPRC delivers Evidence-Based Solutions and Actionable Results.

The 'sinister side of eCommerce'
How The eCommerce Fakers Launder Money
Fake merchants - a problem that now underpins a $352 billion annual money-laundering loophole in the U.S. alone - act like real merchants, with no intention of ever becoming one. In this situation, faking it until they make it is simply an illegal means to what has become a lucrative endgame for them.

The eCommerce fakers, Trulioo GM Zac Cohen told Karen Webster in a recent conversation, are an increasingly common occurrence. They look and feel like a real merchant, they are able to legitimately take payments, but they aren't really in the business of selling the goods as advertised goods.

Instead, Cohn noted, they either fake it by breaking into a legitimate merchant's data stream - and use their merchant account to sell illicit goods and services - or go all the way and create fake digital storefronts.

"Fake merchants are the sinister side of eCommerce, because we either are dealing with [a] fraudster taking advantage of a less-mature or less-hardened merchant account to forge data and divert funds through different accounts," Cohen said, "or we just have the folks that are just illegally setting up a front business that have no intention of ever being legitimate, and the whole thing is just fraudulent front-to-back."

Fighting the fakers is hard, Cohen noted, because fraudsters are agile and very much in the know. They tend to know, for example, that most transaction fraud securities and controls are meant to find fraud after the fact. They also know the security software is looking for illicit transactions.

"Fraudsters are quite good at creating transaction frauds that are very hard to spot - double invoicing, or carousel transactions, for instance," Cohen explained. "Fraudsters are onto the fact [that] the industry is looking for weird transactions - so they are making small changes in places like invoices where it is hard to pick up, or taking advantage of the fact that no one is really looking hard at them when they are setting up their firm."

It's not that monitoring after the fact isn't useful or important, Cohen said - as it is both of those things. It just isn't sufficient to the problem. Finding fake merchants after they've set up shop isn't nearly as good as exposing them before they can set up shop.

That's where Cohen said Trulioo want to take the fight, using the company's Global Business Verification project to find the fake merchants before they set up shop, during the onboarding process. pymnts.com

Online Retailers Top Target of Credential Stuffing Attacks Enabling ATO: Report
Up to 90 percent of the login traffic on e-commerce sites are automated attempts to verify stolen username/password combinations, also known as "credential stuffing," according to a new report. The 2018 Credential Spill Report from Silicon Valley cyber-defense company Shape Security is an examination of the source of compromised (i.e., "spilled") login credentials, along with how and where bad actors are validating those credentials.

Account takeover and new account creation fraud-two of the fastest-growing fraud types affecting online merchants-rely on fraudsters obtaining valid passwords. In addition to being a primary target of ATO, online retailers are one of the major targets of the credential stuffing attacks that validate stolen logins. According to the report, e-commerce retailers collectively endure more than 130 million credential stuffing attacks per day resulting in nearly 660,000 account takeovers. cardnotpresent.com

China's third-largest ecommerce site faces lawsuits in US over alleged counterfeits
Pinduoduo, the third-largest ecommerce website in China after Alibaba and JD.com, is facing class-action lawsuits in the US following recent media reports that it has been selling fakes and knock-offs over the platform resulted in share tumbles.

Six law firms, including Rosen Law Firm, Pomerantz LLP, Law Offices of Howard G. Smith, Faruqi & Faruqi LLP, The Schall Law Firm, and Bronstein, Gewirtz & Grossman LLC, are looking to file class-action lawsuits on behalf of individual investors who bought Pinduoduo shares, according to a Sina news report on Saturday. zdnet.com

UK Banks to Issue Passcodes via Smartphones to Combat Payment Fraud for Online Shoppers

Amazon reports a loss for its first month Down Under

Monroe, WA: Monroe Police ProAct Team working with area Retailers; focus on criminal who traffic in drugs and stolen goods
Monroe's ProAct Team of two police officers and a sergeant is tasked with catching prolific criminals who traffic in drugs and stolen goods. The officers can respond to 911 calls, too, but their main job, as the name suggests, is to proactively patrol for crime. That means shifts cruising through parking lots of Lowe's, Walmart and Fred Meyer; checking license plates for drivers with warrants; and coasting by drug houses to keep tabs on dealers. Kornish, a former high school resource officer, first tested to join the team in December 2012, around the time the city, the county and the nation saw an alarming upswing in illicit opioid abuse and deaths. Heroin addicts struggle to find or keep a job. They find two ways to make cash: selling drugs or stealing. So if you're looking for drug offenders, you look for who is ripping off retail stores. It's like fishing, Kornish says. You have to cast out where the fish are. heraldnet.com

Polk County, FL: PCSD and Retailers arrest 32 in Countywide ORC Sweep
The Polk County Sheriff's Office's Organized Retail Crime Unit arrested 32 people Monday, officials said. The arrests were part of a countywide undercover investigation focused on catching thieves who hit multiple Polk County stores. "Our Organized Retail Crime task force works with area retailers and other law enforcement agencies to apprehend those who are stealing. We are sending out this warning to everyone: If you steal from stores in Polk County, you will go to jail." Sheriff Grady Judd said. The arrests were made at the following businesses in the areas of Auburndale, Mulberry, Lakeland, Lake Wales and Winter Haven: Bealls, Bealls Outlet, Belk, Goodwill, Home Depot, Kohl's, Lowe's, Marshall's, JCPenney, Target, TJ Maxx, Walgreens and Walmart.

Detectives worked with loss prevention personnel at each store, focusing on identifying people who were trying to conceal items and leave the stores without paying, and other methods of theft or fraud, the Sheriff's Office said. Of the 32 suspects arrested, six were juveniles, who were charged with petit theft and grand theft. The total value of items stolen by these suspects is $7,627.00.  wftv.com

Hilltown Township, PA, PA: Police arrest Giant Foods employee for $6,400 theft
of merchandise
Wendy Patricia Shultz, 43, was charged with retail theft after she took more than $6,400 in store merchandise from Giant food store on Route 113 while employed at the store, Hilltown Township Police Department said. The thefts happened on nine different occasions between May 8 and June 9, police said. montgomerynews.com

Las Vegas, NV: Sports store victim of serial thefts over six months: over $6,000 in merchandise stolen
A string of thefts is forcing a Las Vegas sports gear store to relocate. First and Goal in the southwest Las Vegas Valley has been hit more than half a dozen times since the start of the year. Thieves have taken thousands of dollars in merchandise from the store near Tropicana Avenue and Fort Apache Road. "They each grabbed a handful of jerseys and darted out of the store," store owner Jamie Schefflin said while showing surveillance video. "It happens at least once a month," he said. Schefflin was behind the counter on Tuesday night. Once he spotted the thieves, he chased them out of the store with a baseball bat. "It's pretty brazen," Schefflin said. "There's no fear of them being caught or any retribution." In this latest incident, the thieves got away with more than $1,300 in Dallas Cowboys jerseys. fox5vegas.com

Garden Grove, CA: Thieves cutting security wires and ripping out display phones
at T-Mobile
Police are looking for a pair of thieves caught on security camera stealing a handful of phones from a T-Mobile store in Garden Grove, damaging it on the process. A man and a woman walked into the store around 2:30 p.m. Friday, appearing to look at some phones attached to the demo counters. The man near the entrance of the store suddenly rips an iPhone from the wall as the woman attempts to do the same to a Samsung phone at the other end of the store. After failing, the woman takes out wire cutters and has some trouble before finally freeing the phone. This is the second time in as many months this store has been robbed. They ended up escaping with four phones worth a total of roughly $4,000. cbslocal.com

Detroit, MI: ORC 4th time Habitual Offender sentenced to 40 months to 15 years
Sentencing has been handed down to a Detroit woman who fled from police after she was caught shoplifting at a local store. 23-year-old Lamika Samon James will serve 40 months to 15 years in the Michigan Department of Corrections. James was sentenced Thursday in Livingston County Circuit Court by Chief Judge Miriam Cavanaugh. James had previously pleaded guilty as charged to 3rd degree fleeing a police officer and organized retail crime as a fourth-time habitual offender. whmi.com

Barboursville, WV: Two Women charged with shoplifting over $1,700 of merchandise from Victoria's Secret and Dick's Sporting Goods

Kenosha, WI: Cigar thief now facing 19 charges for theft; stole $1,600 of merchandise in 7 months

Collier County, FL: Woman busted for over $300 grocery theft; exited through Garden Center
 

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