Authentication and access provider DigitalPersona released the results of a survey that found more than half of retailers rely on passwords for point-of-sale system login in, even though they also have great concerns over passwords being shared and misused.
The survey, conducted by NetWorld Alliance, polled more than 1,100 participants in 2011. The results found that more than 90%t of those surveyed ranked fraud prevention of high importance in terms of system sign on. Of those considering changing their login methods, almost 70% are considering implementation of biometric authentication.
In terms of security concerns, respondents also wished to eliminate fraudulent overrides and attendance fraud.
The Centre for Retail Research’s Global Retail Theft Barometer estimates annual losses of nearly $40.7 billion due to employee fraud.