Return fraud is on the rise and it’s leading retailers to turn to AI to combat it. Happy Returns, a logistics company that processes millions of returns each year for major apparel brands, reports that return fraud has reached record levels, with as many as one in nine returns being fraudulent. The logistics company has introduced an artificial intelligence system called Return Vision, which assigns a fraud risk score to each returned item. Items flagged as high risk are routed to secondary scre
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We accidentally paid you R10,000…” It looks real. It sounds urgent. But it’s a scam. Deposit and refund scams trick you into sending your own money back, for payments that were never real. Whether it’s a fake “overpayment” or a phony refund with a “release fee”… The money wasn’t real. But your loss will be. Use S.C.A.M.: Stop – Don’t act on pressure. Check – Log into your account and verify. Act – Report it. Manage – Watch your accounts. Have you seen a scam like this in your inbox or messages?
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