The INFORM Act Curbs Online Fraud, Poses Business and Tech Challenges
Retail TouchPoints
AUGUST 22, 2023
This refers to “smash and grab” mobs making well-planned, coordinated raids to rob stores. It took a couple of years to push through the INFORM legislation aimed at reducing ORC, and during that time thousands of stores closed because shrinkage became unacceptable. The stolen merchandise is then sold via online marketplaces.
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