The retail landscape is changing, particularly in the area of security and loss prevention. With mega-breaches at Target (40 million stolen debit and credit cards), Home Depot (56 million unique cards), and eBay (145 million people affected), security has become a topic that cannot be ignored.
The cost of credit card fraud has topped $8.6 Billion in the United States. And a survey of small businesses conducted by Ponemon Institute revealed that 55% had at least one breach, while 53% reported multiple breaches.
Just as early fortress builders switched from wood to stone as multiple invaders became a daunting reality, so must retailers switch to stronger security technologies and processes.
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