Identity Resolution Daily Links 2008-1-18
Rocky Mountain News: ‘E-fencing’ bill to target organized retail crime
“Baby formula, gift cards and cold medicine could not be sold at online auction Web sites in Colorado under a proposal that will be introduced in the legislature today that’s intended to crack down on Internet fencing rings. . . . Retailers say ‘e-fencing‘ laws are needed to combat organized retail crime, which racks up an estimated $522 million a year in losses in Colorado alone and $37 billion nationwide. Internet sites such as eBay, the world’s biggest online auction site, are particularly good outlets for thieves because they can sell the stolen items anonymously, said Chris Howes, president of the Colorado Retail Council. . . . Congress last year held hearings on eBay’s role in monitoring itself for stolen goods. The Coalition Against Organized Retail Crime, whose members include Wal-Mart, Target and Macy’s, has been lobbying for legislation to require online auction sites to disclose more information on ‘high-volume’ sellers and post serial numbers for products.”
newsday.com: 61 People Arrested In NYC Stolen Car Insurance Fraud Sting
“Sixty-one people, including a New York City police officer, were charged Thursday in a $1.7 million insurance fraud sting. New York City Police Commissioner Raymond Kelly said those charged paid a middleman to dispose of their vehicles and falsely reported them stolen to collect large insurance settlements.”
PogoWasRight.org: One year later: Five takeaways from the TJX breach
“One year ago today, The TJX Companies Inc. disclosed what has turned out to be the largest information security breach involving credit and debit card data — thus far, at least. . . . Here, on the one-year anniversary of the breach becoming known, are five takeways for security managers.”
PRWeb: Employees Trump Organized Crime as Source of Retail Shrink, Study Finds
“It’s incredibly hard to create a customer-centric store when your core belief is that your employees, who are your company’s face to the world, will steal from you at the first opportunity. Nonetheless, according to a new RSR Benchmark report, sponsored by Micros Retail and Sensormatic, “Winning Trends in Loss Prevention: Benchmark study 2008″, this is the pervasive retailing condition. . . . ‘New Loss Prevention initiatives have to be cost-effective in both human and financial terms’, said Paula Rosenblum, Managing Director and author of the report. ‘Retailers are looking to add business intelligence to existing technologies and provide exception-based reports from video and text-based data to the responsible party. They believe new LP initiatives can reduce their shrink by 10-25%.’”
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