The Lurking Costs of Cargo Theft
By Maurizio P. Scrofani, CCSP, LPC
Cargo theft often is thought of as a silent and victimless crime, despite the fact that it accounts for losses of billions of dollars annually in the United States. Read More
Tag: tips for loss prevention officers
Credit Card Chip Technology Has Been Effective at Reducing Fraud. But…
So EMV cards have had a dramatic effect on reducing credit card fraud in the United States. But are there any downsides to the adoption of credit card chip technology? Read More
Are Retailers Selling Shoplifting Tools?
By Scott Womack
I purchased the cooler bag and went to one of my corporate retail colleagues to test the bag with two different types of electronic article surveillance (EAS) tags; the classic hard tags and UPC-style sticker tags. After a series of tests, I noted the following results. Read More
Low Tech Still Works for Detecting Counterfeit Currency
In 2015, $78 million in counterfeit currency was passed in the United States, according to a report by the US Secret Service. Nearly 7o percent of that $78 million was created with the use of digital printing technologies. Read More
What Is a Loss Prevention Manager?
To the average consumer, a loss prevention manager might once have been perceived as a “security guard”: a reactionary presence in a retail establishment whose primary responsibility is to apprehend shoplifters. Read More
Shoplifting Penalties Rarely Benefit Retailers These Days
Various factors, including tight budgets, increases in serious crime, and shrinking availability of patrols have affected police procedures and shoplifting penalties. Read More
The 60-Second Guide to Total Retail Loss
By Adrian Beck
There is no agreed-upon definition of what constitutes “shrinkage.” Most estimates are based only upon measures of merchandise losses where the cause is unknown. The total retail loss concept offers a new definition of loss. Read More
Can a Retail Buyer Help Reduce Shrink?
By Chris Trlica
When LP teams and buyers work together, a retail organization can reduce shrink through effective inventory management. Read More
How NOT to Investigate Organized Retail Crime
By Loss Prevention Media Staff
This post’s findings are the result of more than thirty retail and law enforcement interviews expressly asking for opinions and thoughts on investigating ORC. It’s from the archives, but its advice is timeless. Read More
Cargo Theft Statistics: Unreported Incidents Make Accurate Reporting Difficult
Cargo theft statistics vary, but it is generally agreed upon that cargo theft is a $15 to $30 billion-dollar problem each year in the United States. Read More