The retail industry has seen a return fraud increase this year, but expects to see a decrease in fraud during this holiday season. According to NRF survey results, retailers lost $3.73 billion last year but are only expected to lose $3.48 this year, a 6.7% decrease. This decrease is partially due to many retailers tightening their security protocols this year on their return policies, such as requiring a customer’s identification for making a return without a receipt (Private Officer News Network, 2011).
When it comes to financial fraud, no technology is building cases faster than facial recognition. Having relevant video evidence at hand in cases of identity theft and fraud is making a huge impact in financial institutions to prevent and combat fraud.
Automated Teller Machines (ATMs) are increasingly the target of a type of credit card fraud called skimming. Today’s best practices help banks and credit unions ensure their ATMs are monitored to detect tampering and teach customers to protect themselves from skimming fraud.
#1 — Focus monitoring efforts on high-volume ATMs for skimmer fraud activities.
• Employ both staff and a surveillance system to systematically monitor ATMs for skimming devices and be sure to create a clear notification process for staff and investigators to follow if a suspicious device it found.
LinkedIn, the social networking site for professionals, offers many opportunities to engage and connect with those in your industry. It can be a place to reconnect with past colleagues, to get recruited for your next job opportunity and even to join interesting discussions that may introduce you to new connections. LinkedIn can also be a vital resource for discovering what’s new in the security industry - where collaboration and keeping up-to-date on information is crucial.
Here are some quick tips for signing up and/or updating your information on LinkedIn to help you develop yourself professionally and grow your business
The focal point of almost all security teams, whether cyber or physical, is traffic. Who is entering the bank or the store? Who is coming into your network? Who is visiting the company website? Two important tips for all security professionals to keep in mind are, according to Stephen Northcutt, president of The SANS Technology Institute, to “First, configure the system and network correctly and keep it that way.
Flash mobs are a trend that began as a creative form of social entertainment where large groups of people use social media to coordinate a spontaneous event, such as a choreographed dance or a performance. What many retailers have started to see now is a rise in flash mob tactics to commit multiple offender crimes. These criminal flash mobs occur when large groups of people organize and plan online to descend on a store together to steal as much merchandise as possible - putting a dangerous and illegal spin on what was once a fun social activity.
O’Reilly Radar recently introduced a new term within the security area, “crime-sourcing,” coined to describe a strategy now being utilized by organized crime groups to commit criminal acts and outsource it to mostly unsuspecting individuals.
One example of crime-sourcing is the standard phishing operation, where an organized crime group will create scam web pages, hire a broker to pull thousands of email addresses, then use an intermediary to access a compromised computer and rent a botnet to distribute spam emails for a set period of time. Victims of the spam emails often provide their banking and credit card information to the crime group who will collect and distribute them. The criminals then rent distributed proxy networks to hide their locations and run transactions against the compromised accounts.
3VR is a video technology and data company that solves the challenges associated with video searchability, allowing customers to rapidly gather real-time intelligence from the unstructured video data that is produced by a single camera or a global network of cameras. 3VR uses analytics as the cornerstone of video search, and it enables both security and business intelligence applications from a single video management system (VMS). 3VR is the standard for hundreds of global customers in Financial Services, Retail, Government, Infrastructure and Hospitality. Learn more.