Traditional EBR is a thing of the past. Secure™ 5, built with artificial intelligence, analyzes mountains of data and automatically tells you “what you don’t already know” and “what to focus on next.” Visit Booth 605 to learn more. Read More
Tag: employee fraud
When it comes employee investigations, sometimes the “smell test” will not let you rest. You know, those situations when you listen to a story or a business practice, and something just plain stinks. On the surface, nothing appears to be wrong, but there is a smell just below the surface Read More
According to the 2016 National Retail Security Survey, US businesses lost around $45.2 billion in 2015 to retail theft, more than 1.38 percent of overall sales, making retail theft one of the leading issues facing retailers today.
Shoplifting and ORC Fraud Rings
According to the National Association of Shoplifting Prevention (2006), more Read More
What is the latest employee theft scam putting a dent in the profits of your retail organization? Think about any recent changes. Maybe you’ve implemented a new cash management protocol, or a new loyalty program, or a new tabletop payment system. Regardless of what your stores have recently done to Read More
Every so often, a simple idea catches the imagination, fervor, and engagement of a group of people and is developed into a successful practice that revolutionizes a business. Electronic article surveillance (EAS) source tagging is definitely one of those.
This story commemorates the evolution of source tagging with The Home Depot Read More
Reviewing current and historical fraud data reveals an implausible finding: despite the refinement of company fraud prevention programs and a corresponding sophistication in employee fraud schemes, the old bogus expense report is a bigger problem now than 16 years ago.
Semi-annual surveys conducted by the Association of Certified Fraud Examiners (ACFE) Read More
A comprehensive study of injuries and illnesses in retail several years ago surprised researchers at the National Institute for Occupational Safety and Health (NIOSH). They said that despite the perception of retail work being non-risky, they found that retail workers account for 20 percent of reported injuries and illnesses while Read More
Listening to loss prevention leaders discuss their relationships with information technology (IT) departments and offer advice for strengthening them can seem a bit like eavesdropping on marriage counseling. There is admission of a “love-hate” dynamic, occasional hand-wringing over who gets final say, and counsel to “listen, don’t just talk” and Read More
Companies are promising to leverage artificial intelligence (AI) to eliminate cyber threats and diagnose cancer. Other companies describe how it will be used to predict customer behavior and execute marketing campaigns. Post sponsored by Appriss Retail. Read More
Loss prevention departments have, for some time, successfully examined risk flags within point-of-sale (POS) transactions to identify exceptions that may indicate theft or loss. These risk flags, many of which decrease potential revenue, are increasingly categorized as SRAs or sales reducing activities. Today, monitoring SRAs to drive shrink reduction is Read More