As loyalty programs achieve new levels of ubiquity, loyalty points and tiers look more and more like a traditional currency every day. With that revelation comes a slew of advantages: Customers have an incredible range of options when deciding how to redeem their points, and have access to tangible added value just by interacting with brands with which they already engage.
Unfortunately, with that increasing value comes the risk of crime. Recent data from the RFi Group estimates that $238 billion in loyalty program rewards go....