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Beware Growing Retail Fraud

The National Retail Federation estimates that retail fraud cost the industry $9.6 billion in 2009.

This story appears in the December 2010 issue of Entrepreneur. Subscribe »

Abuse of Promotions
As the "new frugality" becomes a consumer trait, coupon fraud is getting worse.

"The competitive landscape where retailers are offering deals to distinguish themselves has led to an increase in coupon usage, while any kid with a scanner and color printer can create a replica with relative ease," says Joe LaRocca, senior asset protection advisor at the of Washington, D.C.

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