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Mike Aldridge, LPC promoted to Risk Manager
III - Organized Retail Crime for Amazon
Mike
has been with Amazon since 2022. Before his promotion to Risk Manager III -
Organized Retail Crime, he spent over a year as Sr. Program Manager - Seller
Fraud & Stolen Goods Investigations. Prior to Amazon, he spent more than five
years with Target as Assets Protection Business Partner and four years with
7-Eleven as National Investigations Specialist / Corporate Investigations
Supervisor. Congratulations, Mike! |
See All the LP Executives 'Moving Up' Here
Submit Your New Corporate Hires/Promotions or New Position
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Interface Webinar Coming May 14
Interface, Cradlepoint, and LPF offer insider's look into the future
of security operations
Remote tour of interactive Security Operations Center offers retail &
restaurant asset protection teams new insights into modern security strategies.
St. Louis, MO (May 02, 2024)— As retail crime continues to evolve in
scope and sophistication, an increasing number of retailers are focused on
protecting their staff by deploying advanced technologies and augmenting their
teams with expert security monitoring. According to the latest NRF survey, a
substantial 46% of retailers have responded to increased security needs by
ramping up their reliance on third-party security solutions.
To help retail and restaurant chains discover how they can leverage innovative
technologies, Interface
Systems, a leading managed service provider of business security, actionable
insights and purpose-built networks for multi-location businesses, will offer a
rare insider’s look at the inner workings of a TMA five-diamond UL-certified
Security Operations Center.
Organized by the Loss
Prevention Foundation (LPF) and sponsored by Cradlepoint, the online event
will be held on May 14, 2024, at 1:00 PM (EST). It will be led by asset
protection experts who will discuss how retail and restaurant chains can
leverage innovative technologies to safeguard against crime, loitering, and
vagrancy.
Registration: For more information and to
register,
click here.
The U.S. Crime Surge
The Retail Impact
Crime Isn't Going Down - But Reporting Is
Opinion: The Media Say Crime Is Going Down. Don’t Believe It
The decline in reported crimes is a function of less reporting, not less
crime.
Americans
think crime is on the rise, but the media keep telling them they’re wrong.
Journalists purport to refute this by citing official crime statistics
showing a downward trend. Americans aren’t mistaken. News reports fail to
take into account that many victims aren’t reporting
crimes to the police, especially since the pandemic.
In 2022, 31% of police departments nationwide,
including Los Angeles and New York, didn’t report crime data to the FBI.
In addition, in cities from Baltimore to Nashville, Tenn., the FBI is
undercounting crimes those jurisdictions reported.
Another reason crimes reported to the police are falling is that arrest rates
are plummeting. If victims don’t believe criminals
will be caught and punished, they won’t bother reporting them.
According to the FBI, if you take the five years preceding Covid-19 (2015-19)
and compare them with 2022, the percentage of violent crimes in all cities
resulting in an arrest fell from 44% to 35%. Among cities with more than
one million people (where violent crime disproportionately occurs), arrest rates
over the same period plunged from 44% to 20%.
Arrests for property crimes dived even more sharply. FBI data show that
in 2022, 12% of reported property crimes in all cities
resulted in an arrest. In cities of more than one million people,
only 4.5% of reported property crimes in 2022 resulted in an arrest.
Based on the National Crime Victimization Survey, only 42% of violent crimes,
such as robberies or aggravated assaults, and 32% of property crimes, such as
burglary or arson, were reported in 2022. While the Justice Department
doesn’t track the number of prosecutions, the percentage of arrests that
resulted in a prosecution appears to have fallen that year as well.
In large cities, the arrest rate in 2022 compared with the 2015-19
average fell 38% for murders, 50% for rapes, 55% for aggravated assault and
58% for robberies.
It isn’t surprising that affluent people can insulate themselves from spikes in
crime—but that doesn’t mean it isn’t happening. Americans aren’t simply
imagining that our streets have become more dangerous.
wsj.com
Stores Continue to Take Hands-Off Approach
WSJ Opinion Letters: Our New Shoplifting Policy
Employees are being told not to confront store theft.
I agree with John Lott (“The
Media Say Crime Is Going Down. Don’t Believe It,” op-ed, April 25) that
crime is up but not reported. After a friend retired after 30 years as a
military and federal security officer, he took a part-time job in the liquor
department of a large grocery store. He says the store
policy is not to confront shoplifters. He explained the lack of
punishment after shoplifters are apprehended hasn’t deterred shoplifting. The
store therefore concluded that the time invested in detaining offenders until
law enforcement showed up was wasted.
I asked him if that meant I could come in, pick up my wine of choice and walk
out without paying. “I’d probably say something to you about not paying, but
I wouldn’t stop you,” he answered.
wsj.com
Failed City Leadership Led to Oakland Missing
ORC Money
'No one knew who was in charge of applying' for
theft prevention grant
Lack of Oakland leadership led to missing retail theft prevention grant deadline
A
lack of leadership by Oakland Mayor Sheng Thao and a lack of guidance led to the
city missing the deadline for applying for California’s
retail theft prevention grant, according to a report released Tuesday
by the Office of the City Auditor.
In the report, auditors detailed the events that led the beleaguered city to
potentially miss out on funds that would have bolstered efforts to curb
retail theft.
The city learned about the Organized Retail Theft Prevention (ORTP) Grant
Program in April 2023 and the Oakland Police Department immediately started
preparing an application requesting $5 million to buy automated license plate
readers, security cameras and vehicles, the report stated.
Oakland’s Economic and Workforce Development Department (EWD) learned of the
ORTP grant in early June 2023 and began working on a new application without
first consulting the police department, auditors said. After nearly a month
of working on the second grant application, EWD became aware of Oakland PD’s
application efforts on June 20.
With the July 7 deadline less than two weeks away, Oakland PD staff organized a
meeting with the police department, EWD and the city council president. From
that meeting, the application’s request went from $5 million for equipment
— which the audit notes is in line with other successful applications — to
$15.6 million to include “safety ambassadors, staff for crime prevention through
environmental design, and staff dedicated to analyzing data and problem solving.”
In the end, the audit found that no one knew who was in
charge of applying and both departments struggled to submit different
elements of the application, even beyond the deadline.
kron4.com
California Crackdown Continues to Lead to
Arrests & Recoveries
Protecting the Central Valley: Results Show Initial Success in CHP’s Operations
to Take Down Crime
Builds on the Administration’s Efforts in Other Parts of the State to Keep
Communities Safe
WHAT
YOU NEED TO KNOW: Governor Newsom’s newly announced enforcement
effort in Bakersfield produces initial results in stopping crime and improving
public safety – with 211 arrests and 127 stolen vehicles recovered in the
area in recent weeks.
BAKERSFIELD — After Governor Gavin Newsom announced a regional
enforcement effort between the California Highway Patrol (CHP) and the
Bakersfield Police Department to address crime, initial 6-week results show
meaningful progress in the area.
This localized work in Bakersfield is part of a larger effort to bring
continued resources to the area. In particular,
through the Organized Retail Theft Prevention Grant Program, the
state awarded the Bakersfield Police Department $6.2
million to prevent and respond to organized retail theft, motor
vehicle or motor vehicle accessory theft, and cargo theft. The statewide grant
program is the largest single investment to combat organized retail crime in
state history.
Building on the Newsom Administration’s efforts to improve public safety in key
parts of California, including Oakland and San Francisco, the state
continues to make significant steps to ensure the safety of local communities.
Through the CHP’s Organized Retail Crime Task Force, since January 2024, the
state has conducted 185 investigations, leading to 474 arrests and recovering
more than 160,000 stolen goods valued at $4.2 million.
gov.ca.gov
Store Managers Fight Back Amid Theft Surge
Grocery store thefts on the rise as managers look for ways to slow down
five-finger discounts
Every day, Esposito Market manager Normand Shannon goes over the "Most
Wanted" list with his staff, including screen grabs of shoplifters taken from
the store's surveillance cameras. Thefts in grocery stores are on the rise,
and stores are searching for new ways to stop them.
Big-ticket items like wine, cheese and beef are the most popular items to
lift.
Confronting thieves can be dangerous and is not recommended, so some
grocery chains have taken action by installing more security measures in
self-checkout lines or adding anti-theft stickers on meat.
"You see barriers on the exits and anti-theft devices on products," said
Dalhousie University professor Sylvain Charlebois. "I think we need to have a
broader conversation about what's actually happening right now."
Charlebois said that grocery store chains and the Retail Council of Canada
should release data on the number of thefts occurring so consumers understand
why they are seeing these kinds of measures.
While Shannon understands that consumers are struggling with inflation, he is
going to continue to keep an eye out and hopes that, eventually, prices and
thefts will go down.
montreal.ctvnews.ca
How Politics is Influencing America's Crime
Debate
Commentary: Lawmakers are overreacting to crime
Crime rates are falling. Why are lawmakers passing tough-on-crime bills?
There can be a big disconnect between actual crime trends and how people feel
about them. According to a Gallup poll, for example, the share of Americans
who believe that crime is an “extremely” or “very serious” problem afflicting
the country
recently hit an all-time high — 63 percent in 2023, up from 48 percent
just five years earlier.
But the crime data paints a very different picture: According to the FBI, after
an uptick in crime in the immediate aftermath of the pandemic,
crime rates have actually been falling across the country, with murders
declining by 13 percent between 2022 and 2023. In New York City, one of the
cities Republicans often point to as a supposed example of lawlessness,
shootings are down 25 percent, and homicides are down 11 percent.
But a slew of cities and states have started adopting laws that hark back to
the tough-on-crime approach of the 1980s and ’90s, a trend that has crossed
party lines. Some jurisdictions, for example, have
dramatically increased police presence,
cracked down on homeless encampments, and
imposed harsher penalties for petty crimes.
Many of these bills are getting enacted after crime began falling, which
not only means they’re likely unnecessary, but they could also potentially pave
the way for a reinvigorated era of mass incarceration. Part of the
tough-on-crime trend can be explained by the fact that an election is coming
up, and politicians are concerned that the public’s sentiment about crime
might sway voters.
In recent years, the number of people in prison has been
starting to creep back up, increasing by
2 percent nationally between 2021 and 2022. The
shoplifting
panic, for example, prompted many states and local prosecutors to impose
harsher penalties on offenders, despite the fact that shoplifting, like
other crimes, was trending downward.
vox.com
Are You Prepared for an Active Shooter in the
Workplace?
SLC 2024 Preview: An Active Shooter at the Workplace
Stop thinking it can't happen to you. Here's what you need to know to be
prepared for an active shooter situation.
Greg Pass, director of safety at YKK Corporation of
America, knows all too well what can happen when you assume “It can’t
happen to me.” Several years ago, an active shooter came to his workplace. It
was an employee.
Gun violence is a hot-button issue. How do you address
it in the context of workplace safety?
Gun violence is only one part of a workplace violence program. Companies must
develop materials to address other types of workplace violence, from harassment
to bullying, as well as conflict resolution materials. Human resources has
to play a role in training, offering assistance, and establishing open door
policies and hotlines.
It's up to the politicians to take up any legislation,
but what are some steps employers can take to make workplaces safer?
During the investigation stages, we hired an outside consultant to review
our facilities. I thought I understood the risks and had the corrective actions
in place. I wasn’t even close. I will discuss more about what I learned at the
conference, but a few examples of the things I was asked include:
• How many manufacturing facilities have preventive maintenance programs for
external lighting?
• Are they on timers that never get changed during spring or fall to
account for daylight savings time?
• Who is responsible for looking at all the external lighting after dark,
parking lots and doors?
• Do companies allow employees to have visitors for lunch?
ehstoday.com
Gov. Hochul signs new law for more protections against retail theft
PA: Retail thefts in University City have doubled over past 5 years, DP analysis
finds
DOJ: Friday, April 26, 2024
Feds 'Finally Unravel' The $68M+ Williams
Sonoma Internal Fraud Case Against Former VP Facilities & Real Estate
This VP had it all going down - From fake
accounts-contracts & shell companies to kickbacks & rebate frauds. He was a busy
criminal.
CFO Of Two New Jersey Companies Charged With Participating In
Multi-Million-Dollar Kickback Scheme To Defraud Williams Sonoma, Inc.
Superseding Indictment Alleges Domenick Nardone Helped Arrange Millions of
Dollars in Kickbacks to a Former Williams Sonoma Executive to Obtain Lucrative
Contracts for His Businesses
OAKLAND
– Domenick Nardone appeared in federal court in Oakland last week to face
conspiracy, wire fraud, money laundering, and related charges for his alleged
role in a kickback scheme that defrauded Williams Sonoma, Inc. (WSI) of millions
of dollars./
According to a superseding indictment returned by a federal grand jury on March
12, 2024, Nardone, 66, of Port St. Lucie, Florida, conspired with others to
pay millions of dollars in
kickbacks
to Eric Marsiglia, a former WSI executive and co-defendant in the case, to
ensure Marsiglia would direct additional business to two New Jersey companies
controlled in part by Nardone as Chief Financial Officer and minority owner.
Nardone was arrested in Florida on March 29, 2024, and made an appearance in
federal court there shortly thereafter. He was released on a $250,000 bond.
Continue here to see the depth and follow the case history
New BDO Survey of 600 CFO's: Retail's Lagging
at the Bottom
CFOs See Growing Role as ESG Strategies Mature
Companies embedding sustainability into their overall business strategies are
better positioned to drive value and enhance resilience. Download the 2024 ESG
Risk & ROI Survey to discover:
The emerging ESG issues associated with generative AI, along with
recommendations for risk mitigation.
Why ESG strategies are evolving – and how CFOs are integrating their
business and ESG goals.
The proportion of CFOs integrating ESG concerns into core business strategies
has soared in the past year.
Judging
by a new survey of 600 finance chiefs from BDO, not until now has a
majority of CFOs focused on sustainability and other aspects of environmental,
social, and governance (ESG) as key strategic activities.
However, the retail sector is lagging at the bottom of the six sectors
surveyed, in its ESG maturity and integration. With 62% still labeled as ESG
Reactive.
"The least mature of the sectors, by a significant margin, is retail,
with only 38% of retail companies being ESG-mature. It suggests that “retail
CFOs put sustainability on the back burner in 2023,” said BDO, adding that
notably, 87% of the retailers surveyed reported that they either broke even or
suffered financial losses for the year."
The report notes the regulatory environment around sustainability is
intensifying, thanks to initiatives including the European Union’s Corporate
Sustainability Reporting directive, the SEC’s climate-related disclosure rule,
and California’s requirements for corporate climate disclosures.
“CFOs are bracing for a year in which ESG risks are not just a boardroom
buzzword, but a critical business reality,” BDO wrote.
cfo.com
bdo.com
Don't See This Often: 'Welcome to the white-collar recession.'
Main Street Businesses Are Outperforming the US Economy
Senior LP & AP Jobs
Market
Vice President, Retail job posted for Reitmans Canada Ltée/Ltd in Montreal, QC
As
an integral member of the brands executive management team, you will partner
effectively with peers to develop and enhance the brand vision and initiate
short- and long-term strategic initiatives to drive the business forward in an
ultra-competitive and rapidly changing retail landscape where an integrated and
seamless Omni-channel experience is our customer’s expectation.
linkedin.com
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All the News - One Place - One Source - One Time
Thanks to our sponsors/partners - Take the time to thank them as well please. If
it wasn't for them The Daily wouldn't be here every day for you.
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Introducing Zebra Workcloud Actionable Intelligence 7.0
Workcloud Actionable Intelligence 7.0 is the AI-based analytics platform
built for the modern store - optimized for big data and modern usability with a
cloud-native backend, 100% powered by Google Cloud Platform.
Do
more directly within the UI without having to click through different pages.
Utilize robust, state of the art AI and Machine Learning models. Connect data
and build models from any of the products in Zebra's solution portfolio. Here
are some of the powerful new feature highlights of Actionable Intelligence 7.0:
Automate data ingestion with a flexible data model
Bring together multiple key datasets from across your organization and establish
a single source of truth for generating both insights and actions. Build models
from any data source or size and go from insight to actionable intelligence
faster.
Advanced analytics and automated tasking
Leverage state of the art AI and ML to efficiently sift through the noise and
complexity of data to identify anomalies. Once opportunities are found, the
simple remedy action is sent directly to the associate via an easy-to-use
workflow complete with directions on what actions need to be taken.
Closed loop intelligent workflow
Capture outcomes and feed them back into the application to ensure
accountability, track root causes of issues, monitor financial impact, and
continuously improve analytics.
Designed for scale
With a cloud-native backend, 100% powered by Google Cloud Platform and HTML5,
Actionable Intelligence 7.0 is built for big data and modern usability.
Click here to learn more about Zebra Workcloud Actionable Intelligence 7.0 |
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Get Involved & Engaged
String of False or Misleading Cyber Breach
Reports
Cyber breach misinformation creates a haze of uncertainty
A string of recent false or misleading cyber breach reports, fueled by
rampant online dissemination, is fostering an atmosphere of growing
misinformation that makes it difficult to separate fact from fiction.
As the landscape of cybercrime evolves, the challenge of navigating the fog
of uncertainty is intensifying. The increasing frequency of false or
misleading reports is creating a web of misinformation that sometimes makes
discerning the truth about criminal cyber incidents virtually impossible.
Over the past four months alone, the press, social media accounts, and some
researchers have reported several high-profile incidents that turned out to
be false or at least far different from what they initially seemed.
In late January, a person claimed on a hacking forum to be selling the data for
48,606,700 Europcar.com customers. However, Europcar said
the data was fake and was fabricated using artificial
intelligence.
In late February, the ransomware group LockBit seemingly reemerged with new dark
web sites after it was disrupted in an epic law enforcement takedown. A
seemingly reconstituted LockBit gang threatened to release a trove of files it
stole from Fulton County, Georgia in an attack earlier that month unless the
county paid a ransom. The extortion effort proved a head fake when Fulton
County called the gang’s bluff and no stolen files materialized.
What frequently makes grasping the facts surrounding breaches difficult are the
tactics hackers use to pressure organizations into paying ransom quickly,
often based on false or exaggerated claims.
“The gangs try to push organizations into paying quickly,” Callow tells
CSO.
csoonline.com
Mobile Carriers Selling Customer Data?
FCC takes $200 million bite out of wireless carriers for sharing location data
The FCC said T-Mobile, Sprint, AT&T and Verizon sold customers’ location
data and outsourced user consent requirements.
The Federal Communications Commission levied nearly $200 million in fines
against four telecommunications giants Monday following an agency
investigation that concluded the companies had sold
location data of customers without their consent.
The penalties include $80 million in fines for T-Mobile, $57 million for
AT&T, $46 million for Verizon and $12 million for Sprint.
Monday’s fines against the carriers come as policymakers in Washington are
increasingly grappling with how to rein in the collection and sale of Americans’
sensitive data by so-called data brokers. The telecommunications firms
targeted by the FCC are not out and out data brokers, but their access to and
decision to sell sensitive data is representative of how sensitive information
has become yet another commodity to be bought and sold.
cyberscoop.com
Making cybersecurity more appealing to women, closing the skills gap
Charly Davis, CCO at Sapphire, emphasizes the need for proactive strategies to
attract diverse talent, improve mentorship opportunities, and foster
supportive organizational cultures in cybersecurity.
Could you explain the current skills gap in
cybersecurity and what makes it a critical issue for both private and public
sectors?
The widening cyber skills gap has been well-publicised for many years, and I
think several factors are at play. One big contributor is rising demand –
cyber threats are now very prominent on the business agenda, and we have
multiple regulations like the GDPR, DORA, and NIS2 with a mandate for better
security.
But supply is consistently too low against the demand for more security
professionals. There are not enough young people entering the industry
because cyber is still largely seen as a niche technical field. We need to
capture attention and imagination at the secondary school level to kindle a
passion for the field and entice school leavers and graduates into the
profession ASAP. This issue is a result of the cyber industry being relatively
young—it hasn’t yet matured enough to start considering the psychology behind
attracting talent and improving diversification.
helpnetsecurity.com
Building a strong cloud security posture
eBook: Do you have what it takes to lead in cybersecurity? |
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In
Case You Missed It
Introducing Sapphire's Loss Prevention course!
The
Importance of Loss Prevention
"Implementing proactive loss prevention measures
among a business begins by educating employees and arming them with the right
information. Since it can be difficult sometimes to determine whether theft,
loss, or diversion is internal or external, this is why fortifying a company
with tools before an incident begins is vital."
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Eliminating the Risk of Cash-Only Cannabis
Dispensaries
What are Smart Safes and How to Use Them at Cannabis Dispensaries
The
cannabis industry presents a very unique and challenging field to conduct
business in. Not only must cannabis businesses navigate the waters of a
semi-legal industry, but they must also deal almost exclusively in cash.
Handling and managing cash can pose real financial risks for cannabis
dispensaries.
For starters, having large sums of cash present at your
business invites criminal activity from both outside and within.
Beyond that, keeping track of cash on a daily basis is a laborious and
time-consuming task.
Smart safes are a practical way to eliminate much of the risk involved with
cash at cannabis dispensaries. With this new technology, cannabis business
owners can increase efficiency at their dispensaries, while also keeping better
tabs on cash totals.
What are Smart Safes?
Smart safes can combine traditional locking safes and modern cash management
software in a single unit. With smart safes, cannabis business owners can
track cash flow at their dispensaries at all times, while also having better
control over who has access to the cash. Cannabis business owners can also
keep tabs on cash activity at their stores from afar simply by logging into
their cash management account.
Smart safe technology keeps track of cash deposits directly at the point of sale
(POS). As such, these safes can give a real-time update on exactly how much cash
is on hand at the store at all times. When it comes time for employees to
balance their registers at the end of a shift, much of the hard work is
already complete.
What are the Main Features of Smart Safes?
Smart safes are designed specifically to streamline the
daily cash flow activities at retail businesses like cannabis dispensaries
and can help cannabis business owners and management count money, balance
registers, secure cash, and get deposits to the bank.
How can Smart Safes Help Cannabis Dispensaries?
With cash management software, smart safes give cannabis businesses real-time
access to cash totals in store. Using this technology, cannabis business owners
can monitor activity from afar and make sure their team remains compliant. Even
more, with increased access control measures, smart safes will greatly reduce
the risks of internal theft at the dispensary.
sapphirerisk.com
NY is Cracking Down on Illegal Pot Stores
New York’s fiscal budget vastly expands unlicensed marijuana store crackdown
The newly approved annual state budget in New York greatly expands
enforcement actions and resources to curb the proliferation of unlicensed
marijuana operators.
Gov.
Kathy Hochul, who a few months ago called the state’s rollout of recreational
cannabis retail a “disaster,” announced a series of measures that provides
the Office of Cannabis Management (OCM) and local municipalities with new
authorities against illicit storefronts and enablers, including:
•
Padlocking businesses immediately after an
inspection if they are selling illicit cannabis and pose an imminent threat to
health and safety.
•
Fining landlords who fail to initiate eviction
proceedings against unlicensed storefronts $50,000 within New York
City or five times the rent outside the city.
•
Allowing municipalities to enact laws and
emergency actions regulating unlicensed cannabis businesses.
The state’s fiscal 2025 budget also establishes a misdemeanor penalty for
damaging or removing a padlock. In New York City, an administrative hearing
will be held within five days of initiating an emergency padlock order, with a
decision issued within four days after the hearing.
Hochul also plans to establish a statewide task force to handle civil
enforcement to close illegal stores.
“Unlicensed dispensaries have littered New York neighborhoods, blatantly
circumventing our laws and selling potentially dangerous products,” the governor
said in a statement.
mjbizdaily.com
Major Shift in Federal Marijuana Policy
US drug control agency will move to reclassify marijuana in a historic shift
The U.S. Drug Enforcement Administration will move to reclassify marijuana as
a less dangerous drug, The Associated Press has learned, a historic shift to
generations of American drug policy that could have wide ripple effects across
the country.
The DEA’s proposal, which still must be reviewed by the White House Office of
Management and Budget, would recognize the medical uses of cannabis and
acknowledge it has less potential for abuse than some of the nation’s most
dangerous drugs. However, it would not legalize marijuana outright for
recreational use.
The agency’s move, confirmed to the AP on Tuesday by five people familiar with
the matter who spoke on the condition of anonymity to discuss the sensitive
regulatory review, clears the last significant regulatory hurdle before the
agency’s biggest policy change in more than 50 years can take effect.
Once OMB signs off, the DEA will take public comment on the plan to move
marijuana from its current classification as a Schedule I drug, alongside heroin
and LSD. It moves pot to Schedule III, alongside ketamine and some anabolic
steroids, following a recommendation from the federal Health and Human Services
Department. After the public-comment period the agency would publish the final
rule.
apnews.com
Mount Vernon, NY: Feds arrest alleged ringleader of unlicensed Mount Vernon pot
shop murder-robbery
How to Improve Email Marketing Results for Cannabis Businesses |
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Online Merchants Losing Up to $1B Monthly to
New Cyber Scam
Triangulation fraud: The costly scam hitting online retailers
Mike Lemberger, Visa’s SVP, Chief Risk Officer, North America, discusses the
severe financial losses resulting from triangulation fraud, estimating
monthly losses to range from $660 million to $1 billion among merchants.
He also highlights the emerging threat of AI-powered voice scams, urging
businesses to implement MFA, behavioral biometrics, and employee education
to mitigate vulnerabilities and foster collaboration among businesses,
technology providers, and regulatory bodies.
Could you shed light on the severe financial losses
that result from triangulation fraud and explain the intricacies of this scheme?
The payments industry estimates triangulation fraud causes financial losses
among merchants to range from $660 million to $1 billion monthly. With this
fraud scheme, threat actors create illegitimate online storefronts where they
offer bargains on in-demand or luxury goods and services. The illegitimate
merchant then uses an unassociated, legitimate merchant to fulfill the
customer’s order and pays for the goods or services using stolen payment
information, often obtained via cybercrime underground marketplaces.
This enables the threat actor to monetize the stolen payment account
through a seemingly legitimate transaction. The illegitimate merchant then
requests a positive rating from the customer, which increases the illegitimate
merchant’s relevant in search engine results and boosts its credibility.
What immediate actions should security professionals in
the finance and retail sectors take to protect their operations from these fraud
threats?
Establish strong merchant onboarding practices to prevent fraudulent merchants
from setting up shops. Threat actors often exploit weak merchant onboarding
practices to set up fraudulent merchants, which is a common tactic used by
threat actors perpetrating fraud schemes such as triangulation. Banks should
also remain vigilant when it comes to combatting fraud from fake or newly
onboarded merchants.
helpnetsecurity.com
Over 2 Billion Amazon Packages Delivered in a
Day or Less
Amazon Prime Announces It Has Faster Deliveries
Amazon reports that its
Prime deliveries are now even speedier. With over 2 billion packages
reaching customers in a day or less this year, the company claims its
delivery system is picking up its pace.
During the first quarter of 2024, Amazon proudly announced its record-breaking
feat, surpassing its 2023 delivery record. Almost 60% of Prime orders were
fulfilled within the same or next day in 60 major U.S. cities.
For frequent Amazon shoppers, this might not come as a surprise. Same-day and
next-day delivery options appear to be more widespread. However, it remains
unclear how this affects various products across different regions, especially
considering reports of warehouse incidents and worker protests for better
conditions.
Amazon’s dominance in shipping and fulfillment has attracted legal scrutiny. The
Federal Trade Commission (FTC) has filed a lawsuit, accusing Amazon of unfair
practices, such as restricting which sellers qualify for Prime shipping and
pressuring companies to use its fulfillment services. Amazon contends that
the FTC’s actions could potentially compromise the speed and reliability of
Prime shipping.
retailwire.com
PayPal Sees Jump in Transactions Per Account as Fastlane Checkout Boosts
Conversions
Amazon Prime ads help tech giant drive profits |
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ORC 'Ghost Town Gang'
Oakland, CA: 4 linked to Oakland gang face federal charges in high-end retail
robberies
A
federal grand jury has indicted four people, alleging they conspired with an
Oakland street gang to rob several high-end Bay Area retail stores. The
indictment of Jakari Jenkins, Demarco Barnett, Garland Rabon, and Keanna
Smith-Stewart, filed April 18 and unsealed Friday, alleges that by March 2022,
the four defendants were all members of, or had association with, an
Oakland-based street gang called the Ghost Town gang.
The indictment describes a series of armed robberies and burglaries that were
allegedly committed by groups of co-conspirators.
The first robbery allegedly involved Barnett and Jenkins who, along with other
members of the gang, carried out the armed robbery of a coin and stamp store
located on the 10th floor of a building in the South of Market neighborhood of
San Francisco. Members of the conspiracy allegedly rented a car to be used
as a geta(way car and stole a license plate for the getaway car and met
co-conspirators at the Oakland residence of another gang member.
On March 18, 2022 -- the day of the robbery—Barnett, Jenkins, and at least two
additional unnamed suspects entered the store, brandished firearms, and demanded
money from the business owner and his son. The suspects allegedly struck the son
in the head and zip-tied his hands before stealing cash, jewelry, and coins with
an aggregate value of more than $300,000.
A second armed robbery described in the indictment occurred approximately eight
months later. The suspects pretended to be customers of a jewelry store in San
Pablo and left jewelry with the operators of the store. Jenkins, Barnett, Rabon,
and at least four other suspects allegedly returned on Nov. 12, 2022 and stole
jewelry, including the items they left earlier. The suspects arrived in two
Dodge Chargers bearing stolen license plates. Five suspects, including three
brandishing firearms, entered the store while two suspects waited outside in the
getaway cars. The stolen jewelry was valued at approximately $300,000 to
$500,000. The indictment describes how all four defendants in the
superseding indictment later wore the stolen jewelry, shared the stolen jewelry
with other Ghost Town gang members, or otherwise made use of the stolen jewelry
for personal purposes.
cbsnews.com
Memphis, TN: 18-year-old Amazon employee arrested for stealing 36 Apple watches
on the job
An Amazon employee is behind bars for allegedly stealing Apple watches. Horatio
Key, 18, is charged with theft of property $10,000-$60,000. He was allegedly
helped by Tourell Lawson, Andrico Woods, and Lendon Nolen in the robbery. Police
said on November 9, 2023, Amazon Loss Prevention received a tip of the location
of multiple empty Apple Watch boxes. It was determined that 36 Apple watches
were missing from the Amazon facility at 3292 Holmes Road. Key and the other
suspects were seen on surveillance unboxing the watches, according to the
affidavit. On February 16, 2024, Key was picked out by investigators as the
suspect responsible for the theft. It was determined by Amazon and Memphis
police that $14,364 worth of watches were stolen.
actionnews5.com
Visalia, CA: Update: Woman arrested after Ulta Beauty robbery
A
woman who was wanted after allegedly stealing thousands of dollars worth of
merchandise at an Ulta store in Visalia last year has been arrested, according
to the Visalia Police Department. Police say they arrested Tracie Wooster, who
was arrested on suspicion of taking $2,600 from Ulta Beauty Store on
Mooney Boulevard last year. In a post on social media, Visalia Police officers
say the public’s tips meant that Tracie is “trading her mascara for a striped
jumpsuit.”
yourcentralvalley.com
St Paul, MN: 5 charged for alleged roles in string of copper thefts in St. Paul
St. Paul police say they've pulled the plug on an organized copper theft ring.
At least five suspects now face charges for stealing wiring from streetlights in
St. Paul. Investigators say a confidential informant led them to the group's
ringleader. Police say 40-year-old Kyaw Klay rounded up a crew to steal the
copper and would then sell it to recycling plants with the help of 21-year-old
Paw Hkee La. Klay had become so familiar to employees at the Dem-Con recycling
facility in Blaine that they no longer asked for his identification, according
to charging documents. Between Nov. 10, 2023, and Jan. 15, 2024, the
complaint alleges Klay received more than $12,000 from selling the stolen copper.
cbsnews.com
Fairhope, AL: 2 women accused of stealing over $5,000 in products from Fairhope
Publix stores
Philadelphia, PA: Retail theft from Sephora under investigation at Suburban
Square in Ardmore
Los Angeles, CA: Theft suspects wanted for targeting Orange County shopping mall
Lady Lake, FL: Suspected thief nabbed in attempt to steal $1000 of merchandise
at Home Depot
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Shootings & Deaths
Lilburn, GA: Man allegedly goes into ex-wife's C-Store, kills her and shoots
both new husband, himself
An argument in a Lilburn food mart turned into deadly gunfire and multiple
injuries on Saturday evening, police said. According to the Lilburn Police
Department, a man went to Tana Food Mart on Lawrenceville Highway, where his
ex-wife and her new husband worked. Police said that preliminary information
indicates that the three got into an argument before the man allegedly shot the
couple and himself. he 57-year-old ex-wife died at the scene, and both men have
been taken to the hospital, according to police. The new husband is 62 years old
and had a gunshot wound to the leg, law enforcement stated. Police said he is in
stable condition, meaning he is expected to survive from his injuries. The
suspect is also 62 and had a self-inflicted gunshot wound to the head. His
condition is currently unknown, police said. This is an ongoing investigation,
and names are not being released at this time.
11alive.com
Las Cruces, NM: 1 dead, 14 hurt after SUV crashes into Las Cruces store
One
person is dead after an SUV crashed into a Savers store in Las Cruces on Tuesday
morning, April 30, a Las Cruces Police spokesman said. Fourteen other people
were injured, police said. The incident happened at about 10 a.m. when a Ford
Explorer hit the store at 2340 N. Main St., a police spokesman said. Police said
the vehicle crashed through the glass and aluminum facade near the self-checkout
and veered right as it passed through the store. The vehicle came to a rest near
the southeast corner of the store’s showroom, police said. The 69-year-old
driver of the Explorer, the only occupant of the vehicle, was not injured, but
later sought medical help on her own, police said. Of the 15 people who were
initially injured, 10 were transported to local medical facilities. One of those
who was transported to a hospital later died. Police have identified the person
who died as 67-year-old Pamela Kaye Nelson.
ktsm.com
Jacksonville, FL: Four people in custody after Dollar General store robbery,
shot fired but no one injured
The fourth robbery in the last few weeks of a Jacksonville-area Dollar General
was confirmed on Wednesday night by the Jacksonville Sheriff’s Office. The
incident took place in the area of 3800 N. Main St. in the Brentwood
neighborhood. In a briefing, Chief Parker said just after 8 p.m. police stopped
a vehicle fleeing the scene of this robbery. One of the four suspects then
raised a firearm. As a result, one officer fired off a round, striking the side
of the vehicle. The suspect was not hit and no one was injured. Chief Parker
said that all suspects are in custody.
yahoo.com
Baltimore, MD: Update: 7-year-old girl 'smiling and walking' two weeks after
Mondawmin Mall shooting
It's been two weeks since a 7-year-old girl was shot inside Mondawmin Mall after
a fight broke out between two groups. The child was an innocent bystander at the
mall with her mother when shots were fired on April 13 during an altercation
between two groups. She was shot twice. Police are still looking for the
shooter. Thiru Vignarajah, who is running for mayor in Baltimore, was joined by
the girl's mother and aunt Monday and spoke on behalf of the family. The family
members asked not to be identified for safety reasons. says the girl is in
stable condition and on the road to recovery after being shot in the abdomen and
hand. "She is smiling and walking and on the road to recovery. I think more than
anything else, that is what everyone has been praying for," Vignarajah said.
Update: On Wednesday, Thiru Vignarajah dropped out of the race for Mayor.
cbsnews.com
Robberies, Incidents & Thefts
Boulder, CO: Officer stabbed responding to knife-armed woman in Grocery store
A
police officer was stabbed in north Boulder on Wednesday night while responding
to a woman armed with a knife inside a store. It happened around 6:40 p.m. in
the 3900 block of Broadway, according to the Boulder Police Department. FOX31’s
Greg Nieto went to the scene and learned the incident happened inside Lucky’s
Market. The officer was taken to the hospital with non-life-threatening
injuries, police said. A police spokesperson confirmed the officer was stabbed
in the upper torso. The woman was taken into custody, according to police. No
information was immediately released about the circumstances of the incident or
what charges the woman may face.
kdvr.com
Fort Worth, TX: Cashier critically injured in stabbing, robbery at west Fort
Worth Kroger store
A
grocery store worker is in critical but stable condition after being stabbed
multiple times in the abdomen during an attempted robbery in West Fort Worth
Wednesday afternoon. Fort Worth police said officers were called to a robbery at
a Kroger on Camp Bowie West just after noon and learned a man entered the store
with a knife and tried to rob one of the cashiers. During the attempted robbery,
police said a woman in her 20s was stabbed multiple times in the abdomen. A
representative for Kroger said the "sad and unfortunate situation" involved an
employee and that "the entire Kroger family offers our thoughts, prayers, and
support to our associate and their family." The woman, whose name has not yet
been released, was taken to a hospital in critical but stable condition. Police
said the man who attempted to rob the store was taken into custody. His name has
not been released and it's not immediately clear what charges he'll face.
nbcdfw.com
Dayton, OH: Clothing store cashier accused of stealing $27K by giving discounts
to friends
A Dayton woman who worked as a cashier at a clothing store is accused of
stealing $27,000 worth of merchandise by giving deep discounts to her friends.
Latisha R. Lofton, 35, was issued a summons to appear for her arraignment May 14
in Montgomery County Common Pleas Court for two counts of grand theft and one
count of theft. Lofton is a former Rainbow Shops employee who reportedly sold
items to her friends at a much lower price, according to the Montgomery County
Prosecutor’s Office. The unsanctioned discounts totaled approximately $27,000
and happened between June 1, 2020, and Jan. 25, 2021, according to the
indictment.
daytondailynews.com
Fire/Arson
Tinley Park, IL: Man charged with Arson after starting fire in Menards store
A suburban man is charged after starting a fire at a Menards location in Tinley
Park last month, police said. According to Tinley Park police, 32-year-old
Nathan Grant from Wheaton is charged with a felony of aggravated arson after
allegedly setting fire to multiple air conditioning unit filers in the store
around 4:00 p.m. on April 18. About two hours before, Grant started a fire in
Homer Glen that the Will County Sherriff’s Department was already investigating.
There were no reported injuries in the fire. Police were able to identify
Grant through utilizing license plate reading systems. Grant was arrested on
April 19 and confessed to both incidents during an interview.
wgntv.com
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•
Auto – Duluth, GA –
Burglary
•
Beauty – Philadelphia,
PA - Robbery
•
C-Store – Norfolk, VA
– Armed Robbery
•
C-Store – Stockton, CA
– Robbery
•
C-Store – Bowie, MD –
Burglary
•
Clothing - Los
Angeles, CA - Robbery
•
Dollar – Memphis, TN –
Robbery
•
Dollar – Jacksonville,
FL – Armed Robbery / Shots fired
•
Furniture –
Huntsville, AL – Robbery
•
Gas Station – Chico,
CA – Robbery
•
Grocery – Fort Worth,
TX – Armed Robbery / Cashier stabbed
•
Grocery - Fairhope, AL
- Robbery
•
Hardware – Lady Lake,
FL – Robbery
•
Jewelry – Port Arthur, TX – Robbery
•
Jewelry - Greenville, SC – Burglary
•
Jewelry - Auburn, WA – Robbery
•
Jewelry - West Palm Beach, FL – Robbery
•
Jewelry - Hoover, AL - Robbery
•
Jewelry – Farmington, CT – Robbery
•
Liquor – Howard County
MD – Burglary
•
Mall – Honolulu, HI –
Burglary
•
Music – Las Vegas, NV
– Burglary
•
Restaurant – Howard
County, MD – Burglary
•
Walmart – Lady Lake,
FL – Robbery
Daily Totals:
• 17 robberies
• 7 burglaries
• 1 shooting
• 0 killed |
Click map to enlarge
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None to report.
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Plano, TX -
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The Director of Security and Interactive Video Support is responsible for
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Perception becomes reality slowly on a macro level and it's difficult to change
it if it's incorrect or doesn't portray the truth. It's the same reason law
enforcement separates witnesses to ensure clarity and truth. The group mind
becomes influenced by opinion and agendas and distorts the true reality. One can
only rely on daily vigilance based on doing what's right to hopefully impact the
individuals one works with on a daily basis to carry the experience forward and
be witness to what is right.
Just a Thought, Gus
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