With more high quality data becoming available to fraudsters than ever before, an economy forecast to contract and the UK's benefits spend reducing, overall fraud levels will continue to increase dramatically across the UK and the rest of Europe, according to UKFraud, a detection company focusing on fraud prevention.
These are difficult times for economists and company managers because the outlook for 2013 is highly dependent on how the fiscal cliff (the large government budget cuts and tax increases that take effect on January 1, 2013) impasse is resolved and secondarily on whether Europe continues to recover from the recession resulting from its fiscal and financial crisis.
The retail industry will lose an estimated $3.48bn to return fraud this holiday season, down from $3.73bn last year, according to the National Retail Federation's annual Return Fraud Survey, completed by loss prevention executives at 103 retail companies. Annual return fraud will cost retailers an estimated $14.37bn in 2011, up slightly from $13.66bn in 2010.
The whole "fiscal cliff" mess, even if averted for the moment, promises to have a huge, long-term impact on nearly every aspect of American life. Transportation, as it so often does, will likely take its place far down the list of lawmakers' priorities. At least until crumbling highways, collapsed bridges and inadequate roads bring key portions of the national infrastructure to a standstill.
Working closely with Haesaerts Intermodal and Procter & Gamble, Dow Chemical Co. implemented a multifaceted plan for significantly reducing its carbon footprint caused by the movement of a crucial chemical from France to Russia.
The Prophesy division of Accellos Inc. is now including the Drive Axle mobile scanning application of Eleos Technologies, LLC in its Prophesy Dispatch suite of software for trucking and fleet management.