http://www.theinquirer.net/inquirer/news/2200801/british-retailers-are-losing-millions-to-cyber-criminals By Dave Neal The Inquirer Aug 24, 2012 UK RETAILERS are losing hundreds of millions to cyber criminals every year, warns the British Retail Consortium (BRC). The BRC reckons that such crime is the biggest threat facing the retail sector, so is even worse than bored shop assistants, and is an evolving market that sees criminals adopting new methods all the time. These new methods have cost retailers £205.4m it reckons, a figure that is made up of £77.3m in losses from fraud and a mix of prevention investment and other business costs. The biggest cost to retailers comes from ID theft related fraud, and the BRC tots this up to £20m a year. Card fraud is second and caused £15m in losses between 2011 and 2012, and refund fraud is third, costing £1.2m in losses. [...]Received on Tue Aug 28 2012 - 01:50:33 PDT
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