Shrink, comprised of shoplifting, employee or supplier fraud and administrative errors, cost the global retail industry more than $128 billion last year, $42 billion in the US alone, according to the latest Global Retail Theft Barometer.
In more than 5,300 AutoZone stores in the U.S., Puerto Rico, Mexico and Brazil, the number one job for AutoZoners is to provide “Wow! Customer Service.” And AutoZone’s security focus is no different, says Jerry Blum, Director of Security Services for AutoZone. The security team’s focus is on more than just customers. There are vendors, employees and other business partners, too.
The Loss Prevention Foundation (LPF) awarded 12 American Military University (AMU) students scholarships designed to benefit veterans enrolled in AMU programs related to retail loss prevention and asset protection.
A study of small and medium-sized retail business owners found that theft of merchandise by customers, vandalism, break-ins and online security were the top concerns for retailers.
June 1, 2014
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.
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.
This month, Security magazine brings you the Security 500 Report, Rankings and Thought Leader Profiles. How does your enterprise compare to others? Which security programs are leading the way? Also this month, we highlight artificial intelligence, ransomware attacks, vaping and cybersecurity regulations.