Online/offline fraud
January 28th, 2003 by jiri
Online (Finanical Times)
“International losses from online fraud, which reached $1.64bn over the past 12 months, almost doubled in the past two years, Gartner Group research indicates. Last year, e-sales totalled about $91bn.”
Offline (National Retail Security Survey)
“Relaying on data collected from calendar year 2000, the 120 responding firms reported an average shrinkage rate equaling 1.80% of total annual sales…Assuming a retail base of $1.845 trillion in annual sales for the retail sector surveyed in this study, this translates into an approximately $33.21 billion annual loss as a result of inventory shrinkage.”