Articles Tagged with ''loss prevention''

The National Retail Federation’s ninth annual Organized Retail Crime (ORC) Survey found that 93.5 percent of retailers say they have been a victim of organized retail crime in the past year, down slightly from 96.0 percent in 2012.

Back in time, I was getting a personal tour of historic computers in the Smithsonian by none other than the famous computer scientist Captain Grace Murray Hopper, who is said to have coined the term “computer bug.” 

Research conducted by the Association of Certified Fraud Examiners (ACFE) shows that the typical organization loses an estimated 5 percent of its revenues to fraud each year, and more than 85 percent of all occupational fraud cases involve employee theft.

Syringes discovered by shoppers all were recovered, appeared to be unused, but are troubling to loss prevention professionals.

Economic downturns typically result in an influx of foreclosed, vacant, idle, and even completely abandoned properties. This affects a range of business sectors—including habitation and office facilities, factories, schools, hospitals and retail.

East Coast flooding hit a private trout farm with the potential of $400,000 of fish gone so the farm is unqiuely trying to recover its losses.

Money moves from bank to retailer and back to bank. Just as important, personal information accompanies any electronic transaction. Security magazine editor Diane Ritchey and SDM magazine editor Laura Stepanek brought together financial, banking and retail professionals and a security integrator to discuss how their industries are similar but yet have such differing security needs from other segments.

Retailers have a systemic problem. They know that a percentage of the people walking into their stores are there solely to steal. But with full knowledge, they still welcome all as if they will be paying for their purchases. They also know that unbridled access to goods leads to higher sales, but allowing that also creates a gateway for higher theft.

The National Retail Federation’s 2011 Loss Prevention Conference announced that J. Paul Raines, CEO of GameStop and Albuquerque Chief of Police Ray Shultz will address more than 2,600 retail loss prevention executives during the three-day event.