Web01. apr 2024. · The Bottom Line. Last year brought tremendous challenges for everyone, especially retailers. Retail shrinkage, the reduction of inventory from shoplifting, fraud and internal theft, is estimated to have cost the industry $61.7 billion according to a 2024 National Retail Security Survey, an all-time high. By Fawzia A. Atcha, Ph.D. WebBy Paul Perry New ways to pay. Omnichannel experiences for customers. Rapidly evolving products and services. Retail technology is on the march. So are cybercriminals and corresponding security threats to your business. More than ever before, retailers are being asked to guarantee consumer privacy and protect business information while expanding …
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