Dollar recoveries from shoplifters and dishonest employees increased to 30.7%
in 2021, according to Jack L. Hayes International's Annual Retail Theft Survey.
This holiday season, shipping backlog and supply chain issues are spelling disaster for ports. Let's look at how to prevent supply chain thefts at ports by taking a proactive approach to crime.
We must quell prevalent myths about security guards. Security guards do not resemble the stereotype of lazy, untrained, perhaps overweight and inhospitable male bodybuilders.
In a case of insider theft, federal prosecutors charged a former U.S. Golf Association employee with stealing more than $3.4 million in U.S. Open tickets, reselling them for a profit.
Theft, fraud and losses from other retail “shrink” totaled $61.7 billion in 2019, up from $50.6 billion the year before as industry security executives reported increases in the number of shoplifting, organized retail crime and employee theft incidents, according to the annual National Retail Security Survey released by the National Retail Federation.
The Wall Street Journal recently stated that commercial burglaries have almost doubled in New York City since March 12 when a state of emergency was declared. Reason being, thieves are targeting nonessential businesses that have shuttered locations as a result of government directives or are robbing essential businesses that would likely have more cash on hand. Multiple retail organizations are also reporting an increase in shoplifting attempts and point of sale shrink since the beginning of the coronavirus outbreak. In times like these, as a rise in theft, burglaries and other disturbances are expected, security is more important than ever.
