While data breaches have dominated the news cycle, The Wall Street Journal’s “Risk and Compliance Journal,” reports that fraud is actually much more common, even if it generates fewer headlines.
In the fiscal year ending March 31st, 2015, instances of retail fraud averaged a 94% increase from the prior year when calculated by average loss of revenues. Industry reaction to this news has been relatively predictable: as many companies have decided to devote a higher percentage of their budget to pre