During the holiday season, retailers enjoy increases in store traffic but for loss prevention (LP) managers increases in shoppers and temporary employees make this time of year more challenging. Through this influx of business (and beyond), the LP managers must deal with losses stemming from organized retail crime (ORC), employee theft, and shoplifting. Retail supply chains and online retailer distribution centers also come under greater pressure as more goods are being handled and shipped.
Genetec announced that its unified platform, Security Center, has been integrated with Secure™ Store, a profit protection and exception reporting solution developed by Appriss Retail. With this integration, retailers can now immediately disprove or validate suspicious transactions by accessing the security video evidence associated with suspected fraudulent activity. Secure Store enables retailers to significantly mitigate losses related to fraud, theft, and operational/systemic breakdowns. Using artificial intelligence and machine learning, Secure Store performs advanced exception modeling from multiple data sources and enables immediate corrective action.
March Networks® introduces the next evolution of its powerful Searchlight software. Used by leading banks and retail organizations worldwide to extract valuable information on customer service, merchandising, operations, compliance and more, March Networks Searchlight™ helps businesses improve performance and profitability. Integrating clear surveillance video, business data and highly-accurate analytics, the software also enables organizations to proactively detect fraud and theft, and reduce investigation times by as much as 90%.
Javelin Strategy & Research released The 2018 Identity Fraud Study which found that despite industry efforts to prevent identity fraud, fraudsters successfully adapted to net 1.3 million more victims in 2017, with the amount stolen rising to $16.8 billion. Javelin believes that consumers who exercise good online security habits can minimize their risk and impact of identity fraud. Here are five recommendations for consumers to follow.
The 2018 Identity Fraud Study released by Javelin Strategy & Research, revealed that the number of identity fraud victims increased by eight percent (rising to 16.7 million U.S. consumers) in the last year, a record high since Javelin Strategy & Research began tracking identity fraud in 2003. The study found that despite industry efforts to prevent identity fraud, fraudsters successfully adapted to net 1.3 million more victims in 2017, with the amount stolen rising to $16.8 billion.
Unlike most auto dealerships that people are accustomed to, Lexus of Lakeway doesn’t have rows upon rows of cars parked in what seems like an unending landscape of asphalt. The community of Lakeway has very exacting standards when it comes to the architectural features of the surrounding businesses and the dealership was no different. As part of an effort to be aesthetically pleasing to the town and its residents, Lexus of Lakeway was built vertically and features multiple levels complete with rooftop parking, resembling something more akin to a resort than a contemporary dealership. The cars that are visible on the ground are spread among the hills and surrounding property so as to keep the facility from appearing like a cluttered car lot.
In the increasingly competitive retail space, there is a constant need to implement, expand and improve loss prevention programs to secure assets, decrease shrinkage and increase customer safety. With that, budget cuts in the manned loss prevention (LP) staff industry in all store ranges – from mom and pop shops, to big box retailers – […]