Study: Retail fraud attempts triple in two years
As retail fraud rises, so do the average losses. According to the 10th annual True Cost of Fraud report for the retail sector from LexisNexis Risk Solutions, overall retail fraud attempts have doubled year-over-year and tripled since 2017.The study also found merchants pay $3.13 per lost dollar on average, up 6.5% from $2.94 in 2018….