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Retail

Cyber crime a major threat to retail industry

Cyber-crime is now widely recognised as a major threat to the retail industry, according to the British Retail Consortium. Whilst the UK’s National Crime Agency has acknowledged that ‘the true scale and cost of cyber-crime in the UK is unclear at present’, the Office for National Statistics reported that there were around 5.1 million instances...

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RetailFeatured

UK retail crime highest since records began

UK retail crime is at the highest peak since records began. The cost of retail crime in the UK soared to 613 million pounds last year, according to new figures from The British Retail Consortium (BRC). That was a 2 percent rise on 2014 and three times higher than in 2007-2008, the BRC noted. The average value of stolen goods is 325 pounds But...

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