Articles Tagged with ''loss prevention''

Reflecting on the state of their business at the end of 2013, only 32 percent felt they were “extremely” or “very secure from theft” prior to the holiday season, according to the Harris Poll survey, commissioned by ADT.

In business, anomalies (events that differ from the norm) should get your attention. From a loss prevention perspective, one of the most effective ways to counter theft and fraud is to identify and track POS transactions that differ from the norm.

Security experts at Unisys Corporation predict that the coming year will usher in broad-based adoption of encryption as enterprises respond to recent disclosures that unencrypted data traffic inside enterprises is vulnerable to detection from outsiders.

Only three days after one of the largest diamond thefts in history, two armed robbers held up a luxury watch store in Cannes, only a half-mile from the site of the diamond heist.

Businesses lost $30 billion a year to organized retail crime, according to The National Retail Federation. Several Cook County enterprises are teaming up to get crime data and investigation material out to retailers in seconds, not days.

How do you measure a proactive means of what can be done to mitigate the unique risks of retailing? On the front end; by setting the foundation through relevant, strong policies, clear procedures and guidelines, developing a policy/compliance/validation audit program focused in on physical security, loss prevention measures.

Back in the day, convenience stores were as convenient to robbers as to customers. It once was estimated by law enforcement officials that six percent of all robberies of businesses in the U.S. involved convenience stores.

Savvy, confident organized retail crime gangs -- who steal billions of dollars worth of merchandise each year only to sell that merchandise online or at brick-and-mortar or fencing locations – continue to test retailers.

Loss prevention is a difficult but rewarding career path. During a special ceremony under the banner of the National Retail Federation Loss Prevention (LP) Conference in June, winners of the 2013 Loss Prevention Awards were honored.

The median dollar value of items and cash stolen during completed household burglaries increased 54 percent from 1994 to 2011.