Retail Crime news and trends

NRF Says Retailers Lose $112 Billion Amid ‘Unprecedented Levels of Theft’
Retail // September 26, 2023

Retail crime has become a growing concern for retailers in the United States, with incidents on the rise and significant financial losses being incurred. Shrink accounted for $112.1 billion in losses in 2022, up from $93.9 billion the previous year, the National Retail Federation (NRF) said in...

Bomb Threat Ransoms Join Retailers’ List of Security Headaches
Retail // June 25, 2023

Retailers are facing a new breed of scammers using bomb threats to achieve their goals. As The Wall Street Journal (WSJ) reported Sunday (June 25), these criminals are targeting chains like Kroger, Walmart and Whole Foods, in some cases demanding money gift cards or bitcoin and threatening to set off bombs...

Plaid Launches Tool for Cash Flow Underwriting
Loans // June 15, 2023

To make it easier for lenders to access real-time cash flow data, the FinTech Plaid has introduced a new hosted experience for its flagship product Plaid Link. The fully hosted, on-demand experience allows lenders to access consumer-permissioned cash flow data through Plaid during their underwriting...

Quick Reads
NRF Says Retailers Lose $112 Billion Amid ‘Unprecedented Levels of Theft’

September 26, 2023
Retail crime has become a growing concern for retailers in the United States, with incidents on the rise and significant financial losses being incurred. Shrink accounted for $112.1 billion in losses in 2022, up from $93.9 billion the previous year, the National Retail Federation (NRF) said in a Tuesday (Sept. 26) press release. “Retailers are seeing unprecedented levels […]

Bomb Threat Ransoms Join Retailers’ List of Security Headaches

June 25, 2023
Retailers are facing a new breed of scammers using bomb threats to achieve their goals. As The Wall Street Journal (WSJ) reported Sunday (June 25), these criminals are targeting chains like Kroger, Walmart and Whole Foods,...

Plaid Launches Tool for Cash Flow Underwriting

June 15, 2023
To make it easier for lenders to access real-time cash flow data, the FinTech Plaid has introduced a new hosted experience for its flagship product Plaid Link. The fully hosted,...