News release: “Retail merchants incurred more than $139 billion in fraud losses during the past year, according to a new study released by LexisNexis Risk Solutions®. The study revealed that for every $100 in fraudulent transactions, retailers incurred a “true” cost of $310 in total losses, including costs associated with replacing lost or stolen merchandise. Additionally, the study found that consumer victims of retail fraud incurred $5.5 billion in costs stemming from un-reimbursed losses, legal fees and other factors. The 2nd annual LexisNexis® True Cost of Fraud Study, conducted by Javelin Strategy & Research, examines how U.S. retail fraud affects merchants, financial institutions and consumers. While the study demonstrated that fraud is more than a $100 billion problem for retail merchants, fraud losses decreased by 25 percent from 2009. The reduction may be attributed to a gradual improvement in economic conditions, greater awareness of fraud threats and increased success of effective fraud prevention solutions.” See also: