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McAfee CCII Exam - Topic 1 Question 4 Discussion

Actual exam question for McAfee's CCII exam
Question #: 4
Topic #: 1
[All CCII Questions]

What is the amount of losses retailers lose to Organized Retail Crime (ORC) each year according to the National Retail Federation?

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Suggested Answer: A

According to theNational Retail Federation (NRF), retailers lose between$2 billion and $5 billion annuallydue toOrganized Retail Crime (ORC). ORC involves:

Coordinated theft ringsthat steal large quantities of merchandise.

Reselling stolen goodsvia online marketplaces, flea markets, and social media.

Use of counterfeit receipts and return fraud schemes.

Retailers report that ORC groups are becomingmore sophisticated, using tactics likegift cardfraud, online scams, and employee collusion. These crimes significantly impact the economy, leading to:

Higher costs for businesses.

Increased product prices for consumers.

Security and law enforcement expensesto combat ORC.


Contribute your Thoughts:

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Tiera
2 months ago
Wow, I had no idea it was that much!
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Sharan
2 months ago
I thought it was less than that, like $1M-$500M.
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Valentin
3 months ago
Totally agree, ORC is a huge issue.
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Nobuko
3 months ago
It's around $2-$5 billion!
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Louisa
3 months ago
Really? That seems way too high.
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Leontine
3 months ago
I thought it was lower, maybe around $500 million, but that seems too low for ORC losses.
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Clement
3 months ago
Was it $2-$5 billion? That sounds familiar, but I'm not entirely sure.
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Jerry
4 months ago
I feel like we practiced a question similar to this, and it was definitely over a billion.
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Reuben
4 months ago
I think I remember something about losses being in the billions, but I can't recall the exact figure.
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Beckie
4 months ago
I'm feeling pretty confident about this. The National Retail Federation would likely have reliable data on the losses from organized retail crime.
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Barrett
4 months ago
Ah, this is a tricky one. I'll have to weigh the plausibility of each answer choice before making a decision.
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Rebecka
4 months ago
Okay, let me think this through. The question is asking for a specific dollar amount, so I'll need to carefully consider the options.
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Tarra
5 months ago
Hmm, I'm not too familiar with the specifics of organized retail crime. This is going to require some guesswork on my part.
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Brigette
5 months ago
I think I've seen this topic come up in the news before, so I might have a decent shot at this one.
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