Like An Old Friend- Loss Prevention Workshop

November 3, 2014 by
Everyone has that one person in their lives that they look up to and frequent for insight and advice. This person is usually experienced, wizened and has seen enough of the world to have a different, and useful perspective on any given situation. These are the mentors we rely on for advice in our love lives, financial matters, and other personal questions.
Hopefully, we also have a mentor like that in our work lives, not just in our personal lives. This should be someone who has a greater insight to different aspects and topics of our business than we do. It should also be someone who has valuable insight based off of his or her own experiences.
A mentor like this is particularly important when it comes to loss prevention and store security. The business acumen needed for these areas can’t easily be learned simply from reading up on the topics. Having a mentor, especially one that has personally encountered many of the potential security situations, helps you become that much more knowledgeable.
Having an experienced mentor to explain the nuances and pros and cons of certain actions to improve store security and reduce shoplifting losses will be far better than anything you can get from a manual computer based learning scenario alone.
For more information on Loss Prevention Seminars, Loss Prevention Training, or Loss Prevention Workshop contact us or call 1.770.426.0547 – Atlanta Georgia
Visit the Loss Prevention Systems website for more information on Retail Employee Theft and Retail Shoplifting problems and view the Retail Loss Prevention Seminars, Retail Loss Prevention Training and Retail Loss Prevention Workshop we offer to help with your Employee Theft and Shoplifting problems.

Everyone has that one person in their lives that they look up to and frequent for insight and advice. This person is usually experienced, wizened and has seen enough of the world to have a different, and useful perspective on any given situation. These are the mentors we rely on for advice in our love lives, financial matters, and other personal questions.

Hopefully, we also have a mentor like that in our work lives, not just in our personal lives. This should be someone who has a greater insight to different aspects and topics of our business than we do. It should also be someone who has valuable insight based off of his or her own experiences.

A mentor like this is particularly important when it comes to loss prevention and store security. The business acumen needed for these areas can’t easily be learned simply from reading up on the topics. Having a mentor, especially one that has personally encountered many of the potential security situations, helps you become that much more knowledgeable.

Having an experienced mentor to explain the nuances and pros and cons of certain actions to improve store security and reduce shoplifting losses will be far better than anything you can get from a manual computer based learning scenario alone.

For more information on Loss Prevention Seminars, Loss Prevention Training, or Loss Prevention Workshop contact us or call 1.770.426.0547 – Atlanta Georgia

Visit the Loss Prevention Systems website for more information on Retail Employee Theft and Retail Shoplifting problems and view the Retail Loss Prevention Seminars, Retail Loss Prevention Training and Retail Loss Prevention Workshop we offer to help with your Employee Theft and Shoplifting problems.

 

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Identifying Time Card Theft- Loss Prevention Seminars

October 21, 2014 by
Cash theft or inventory theft are not the only ways an employee can steal from you. Any unauthorized use or gain of company assets- including payroll is considered a form of employee theft. 
Attending loss prevention seminars that cover a variety of theft situations can help you understand and identify some of the seemingly lesser methods of employee theft. One of the methods covered in the loss prevention seminars is time card theft.
Because it is easier for an employee to justify a slide in their favor of the hours worked than it is to justify stealing cash for that same amount of money, time card theft is an often overlooked but equally as detrimental form of theft. Time card theft usually starts out pretty small- a few minutes here and there. If left unchecked, employees can start to wheedle multiple hours out of you before you begin to notice.
Loss prevention training can help you to not only see when time card theft is happening, but what to do about it, and ultimately how to avoid it from happening again. Stores that consistently over in their budgeted hours every week should take a closer look to see if they are being affected by time card theft. Even a few extra hours each week can add up to big losses throughout the course of a year.
For more information on Loss Prevention Seminars, Loss Prevention Training, or Loss Prevention Workshop contact us or call 1.770.426.0547 – Atlanta Georgia
Visit the Loss Prevention Systems website for more information on Retail Employee Theft and Retail Shoplifting problems and view the Retail Loss Prevention Seminars, Retail Loss Prevention Training and Retail Loss Prevention Workshop we offer to help with your Employee Theft and Shoplifting problems.

Cash theft or inventory theft are not the only ways an employee can steal from you. Any unauthorized use or gain of company assets- including payroll is considered a form of employee theft.

Attending loss prevention seminars that cover a variety of theft situations can help you understand and identify some of the seemingly lesser methods of employee theft. One of the methods covered in the loss prevention seminars is time card theft.

Because it is easier for an employee to justify a slide in their favor of the hours worked than it is to justify stealing cash for that same amount of money, time card theft is an often overlooked but equally as detrimental form of theft. Time card theft usually starts out pretty small- a few minutes here and there. If left unchecked, employees can start to wheedle multiple hours out of you before you begin to notice.

Loss prevention training can help you to not only see when time card theft is happening, but what to do about it, and ultimately how to avoid it from happening again. Stores that consistently over in their budgeted hours every week should take a closer look to see if they are being affected by time card theft. Even a few extra hours each week can add up to big losses throughout the course of a year.

For more information on Loss Prevention Seminars, Loss Prevention Training, or Loss Prevention Workshop contact us or call 1.770.426.0547 – Atlanta Georgia

Visit the Loss Prevention Systems website for more information on Retail Employee Theft and Retail Shoplifting problems and view the Retail Loss Prevention Seminars, Retail Loss Prevention Training and Retail Loss Prevention Workshop we offer to help with your Employee Theft and Shoplifting problems.

 

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Development Of Assets- Loss Prevention Training

October 8, 2014 by
Investment groups are becoming notorious for buying up retailers and small businesses with one clear intention- creating unmatched profits and massive payouts for the top-level executives, as well as for the investment firm.
One of the main changes these investment firms will make is in staffing and payroll reductions. They reduce the employee hours and benefits to about as minimum as what they can get away with. Depending upon which side of the coin you are on, this is either a completely brilliant or completely inane business strategy. The deciding factor falls within what you want the longevity of your business to be.
For the companies being sold to investment firms, many will not be around in five to ten years. They will be sold, or may go under completely after all of the assets have been striped of any redeeming value. The longevity of the company is not important, the short-term profits are.
For companies who are looking for longevity, treating employees as assets to be nurtured and developed is essential. The more training employees have, they more they will feel in control, and valued. They are more willing to go the extra mile for the business, and want to further their own growth and development as an employee.
Employee development can take the form of computer based learning, seminars, workshops, and one on one development.
For more information on Loss Prevention Seminars, Loss Prevention Training, or Loss Prevention Workshop contact us or call 1.770.426.0547 – Atlanta Georgia
Visit the Loss Prevention Systems website for more information on Retail Employee Theft and Retail Shoplifting problems and view the Retail Loss Prevention Seminars, Retail Loss Prevention Training and Retail Loss Prevention Workshop we offer to help with your Employee Theft and Shoplifting problems.

Investment groups are becoming notorious for buying up retailers and small businesses with one clear intention- creating unmatched profits and massive payouts for the top-level executives, as well as for the investment firm.

One of the main changes these investment firms will make is in staffing and payroll reductions. They reduce the employee hours and benefits to about as minimum as what they can get away with. Depending upon which side of the coin you are on, this is either a completely brilliant or completely inane business strategy. The deciding factor falls within what you want the longevity of your business to be.

For the companies being sold to investment firms, many will not be around in five to ten years. They will be sold, or may go under completely after all of the assets have been striped of any redeeming value. The longevity of the company is not important, the short-term profits are.

For companies who are looking for longevity, treating employees as assets to be nurtured and developed is essential. The more training employees have, they more they will feel in control, and valued. They are more willing to go the extra mile for the business, and want to further their own growth and development as an employee.

Employee development can take the form of computer based learning, seminars, workshops, and one on one development.

For more information on Loss Prevention Seminars, Loss Prevention Training, or Loss Prevention Workshop contact us or call 1.770.426.0547 – Atlanta Georgia

Visit the Loss Prevention Systems for more information on Retail Employee Theft and Retail Shoplifting problems and view the Retail Loss Prevention Seminars, Retail Loss Prevention Training and Retail Loss Prevention Workshop we offer to help with your Employee Theft and Shoplifting problems.

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Ownership and Understanding- Loss Prevention Training

October 1, 2014 by
Employee training methods are constantly changing and evolving. The purpose of employee training however remains the same: to promote employee ownership and understanding. Specifically to loss prevention training, employees who have a deeper understanding are more likely to take ownership of these processes and actively reduce shrinkage in your stores.
Loss prevention training takes many forms. Some of them are self-monitored, such as computer based learning programs, or handbook reviews. Some loss prevention training comes directly from supervisors in the store. These kinds of trainings center around store specific policies and procedures designed to minimize risk and exposure. Others are aimed toward store operations and how to handle day-to-day tasks and assignments.
Lastly, loss prevention seminars can take place. They might be geared towards the entire store, or it might be for all of the management staff for a multi location company. Either way, the end result is still to train your employees so they have a more through understanding of how certain actions affect a store’s shrink and profit lines.
It is also a way for employees to understand what to look for and why thieves act the way they do- which is a deterrent in and of itself for employee theft. The end result is that employees who are knowledgeable are more likely to react to situations they are comfortable with a positive result.
For more information on Loss Prevention Seminars, Loss Prevention Training, or Loss Prevention Workshop contact us or call 1.770.426.0547 – Atlanta Georgia
Visit the Loss Prevention Systems website for more information on Retail Employee Theft and Retail Shoplifting problems and view the Retail Loss Prevention Seminars, Retail Loss Prevention Training and Retail Loss Prevention Workshop we offer to help with your Employee Theft and Shoplifting problems.

Employee training methods are constantly changing and evolving. The purpose of employee training however remains the same: to promote employee ownership and understanding. Specifically to loss prevention training, employees who have a deeper understanding are more likely to take ownership of these processes and actively reduce shrinkage in your stores.

Loss prevention training takes many forms. Some of them are self-monitored, such as computer based learning programs, or handbook reviews. Some loss prevention training comes directly from supervisors in the store. These kinds of trainings center around store specific policies and procedures designed to minimize risk and exposure. Others are aimed toward store operations and how to handle day-to-day tasks and assignments.

Lastly, loss prevention seminars can take place. They might be geared towards the entire store, or it might be for all of the management staff for a multi location company. Either way, the end result is still to train your employees so they have a more through understanding of how certain actions affect a store’s shrink and profit lines.

It is also a way for employees to understand what to look for and why thieves act the way they do- which is a deterrent in and of itself for employee theft. The end result is that employees who are knowledgeable are more likely to react to situations they are comfortable with a positive result.

For more information on Loss Prevention Seminars, Loss Prevention Training, or Loss Prevention Workshop contact us or call 1.770.426.0547 – Atlanta Georgia

Visit the Loss Prevention Systems website for more information on Retail Employee Theft and Retail Shoplifting problems and view the Retail Loss Prevention Seminars, Retail Loss Prevention Training and Retail Loss Prevention Workshop we offer to help with your Employee Theft and Shoplifting problems.

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Give Away The Answers- Employee Theft

September 25, 2014 by
I was having a conversation with a peer of mine that runs his own business. He was telling me that he was not convinced that he should do employee theft training with his employees. He felt that if he did formalized loss prevention training on employee theft, he would be giving away the answers and ways for his employees to turn around and steal from him.
I had to stop and think about it for a minute. Yes. It is possible that an employee might get ideas on how to defraud his employer after going through that sort of loss prevention workshop. What my peer didn’t think about is that the employee was probably already toying with the idea of theft, or had already tested the waters in their own way.
The flip side is that when you take your team of employees to a loss prevention workshop, you are actually showing them why they should not steal. These seminars are designed to create more eyes that will be aware of what is going on at the store level.
If an employee is thinking about stealing, they know that there are more people aware of methods and red flags- making it more likely to be caught. By sending your employees to training also sends a message that you are raising awareness of all facets of your business and that employee theft will not be tolerated.
For more information on Loss Prevention Seminars, Loss Prevention Training, or Loss Prevention Workshop contact us or call 1.770.426.0547 – Atlanta Georgia
Visit the Loss Prevention Systems website for more information on Retail Employee Theft and Retail Shoplifting problems and view the Retail Loss Prevention Seminars, Retail Loss Prevention Training and Retail Loss Prevention Workshop we offer to help with your Employee Theft and Shoplifting problems.

I was having a conversation with a peer of mine that runs his own business. He was telling me that he was not convinced that he should do employee theft training with his employees. He felt that if he did formalized loss prevention training on employee theft, he would be giving away the answers and ways for his employees to turn around and steal from him.

I had to stop and think about it for a minute. Yes. It is possible that an employee might get ideas on how to defraud his employer after going through that sort of loss prevention workshop. What my peer didn’t think about is that the employee was probably already toying with the idea of theft, or had already tested the waters in their own way.

The flip side is that when you take your team of employees to a loss prevention workshop, you are actually showing them why they should not steal. These seminars are designed to create more eyes that will be aware of what is going on at the store level.

If an employee is thinking about stealing, they know that there are more people aware of methods and red flags- making it more likely to be caught. By sending your employees to training also sends a message that you are raising awareness of all facets of your business and that employee theft will not be tolerated.

For more information on Loss Prevention Seminars, Loss Prevention Training, or Loss Prevention Workshop contact us or call 1.770.426.0547 – Atlanta Georgia

Visit the Loss Prevention Systems for more information on Retail Employee Theft and Retail Shoplifting problems and view the Retail Loss Prevention Seminars, Retail Loss Prevention Training and Retail Loss Prevention Workshop we offer to help with your Employee Theft and Shoplifting problems.

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Racial Profiling In the Retail Industry

September 24, 2014 by Leave a Comment

shoplifting4According to The National Association for Shoplifting Prevention “There is no profile of a typical shoplifter. Men and women shoplift about equally as often.” And race does not matter. Men, women, teenagers and children shoplift regardless of their race or economic status. Yet, entering a store race does matter, and profiling takes place immediately. Allegations about racial profiling involving Macy’s is one of the most recent news in this country, but it won’t be the last.

To read more about racial profiling in the retail industry follow the links below for more information.

“There are very few African-American men in this country who haven’t had the experience of being followed when they were shopping in a department store. That includes me.”

                                                                                President Barack Obama

Racial Profiling
How does it make you feel when you hear the President of the United States making these remarks? Is it an accurate statement? Is it a fair statement? Is it a reflection of one man’s opinion, or an indictment of the loss prevention industry as a whole? Regardless of your personal politics, a statement made with such conviction from the leader of our country sends a powerful message—and one that deserves our collective attention.

But when the comments were made by the President and repeated over and over by the press following the Trayvon Martin verdict, the implications were accepted by the general public with very little push-back. Why is that? If it’s a valid assessment, why hasn’t it been addressed more aggressively? If it’s not a valid assessment, why haven’t we been more forward or vocal in our objections? More likely, the general response—or lack thereof—is largely a product of many factors that can complicate the subject and lead us down difficult roads. Have we done enough? Do we need to do more? It is a highly sensitive topic, but it’s one that’s not going to go away or can be buried in the sand.

Macy’s reaches agreement over racial profiling allegations

Macy’s, Inc. today issued the following statement: “Macy’s has reached resolution with the New York State Office of the Attorney General related to allegations of racial profiling in our stores in New York. We also have settled in principle various lawsuits related to these allegations.

“To be clear, our company’s policies strictly prohibit any form of discrimination or racial profiling and any occurrence of such behavior will not be tolerated in our organization.

“Moving forward, our company will be initiating a series of measures including enhanced training and education for our loss prevention and sales associates. We also will be adopting an expanded role for our security monitor to help ensure that we have the right policies and procedures in place, and that we are constantly reviewing our compliance with them.

“We at Macy’s are committed to fulfilling to the ideals of diversity, inclusion and respect that our company aspires to achieve – every day, in every store and office, with every customer and associate.

Racial Profiling

Does Profiling Exist?

The media often asks me if retail store security personnel use “profiling” tactics as a means of determining which customers are most likely to steal. The answer is undeniably, yes.

Profiling is a Tool

The concept of shoplifter profiling is a proven loss prevention tool and is currently being practiced in most major retail stores by trained loss prevention or security staff. Does that seem shocking? It shouldn’t, as long as it doesn’t include the discriminatory practice of focusing on the race of the customer alone. Profiling is used everyday as a method for quickly focusing in on a person, a product line or a section of a store most likely to contribute to shoplifting. All investigative agencies including the police, FBI, and others have used profiling as a tool to narrow the field of possible suspects. Why shouldn’t retail store security be able to do the same? Store and customer profiles are developed during day-to-day operation and by collecting and analyzing inventory data. This data provides both a quantitative and a qualitative basis for determining where, when, how, and by whom shoplifting is likely to occur in the future.

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Shoplifting News

September 18, 2014 by Leave a Comment

shoplifting2The people and the methods shoplifters use nowadays should not come as a surprise for any of us. From the elderly to the handicapped shoplifting is a crime that seems to have no age nor race attached to it. For a retail store, prevention seems the solution that makes sense, and can keep the store from losing its profits.

To read more about this follow the links below.

Shoplifting Suspect Shirley Mason Used Wheelchair Cart For Getaway: Cops

FRUITPORT TOWNSHIP, Mich. (AP) — Police in Michigan say they arrested a shoplifting suspect following her slow-speed getaway in a $1,200 motorized wheelchair shopping cart taken from a Wal-Mart.

The Muskegon Chronicle (http://bit.ly/1wgjeQT ) says police located 46-year-old Shirley Mason about 2 miles away, riding the cart with $600 in clothing.

A customer called police Monday night to report someone riding a shopping cart from the lot at the store in Muskegon County’s Fruitport Township.

Police say Mason told them she couldn’t find anyone to pick her up from the store and took the wheelchair cart “because she didn’t feel like walking.”

Authorities say Mason told officers she planned to sell the clothing.

Mason is charged with organized retail crime and has a probable cause hearing Sept. 23.

Mason doesn’t have a listed phone number.

Police: Mom and DAughter caught shoplifting

HOOSICK — State Police say a mother and her 23-year-old daughter were caught shoplifting from a supermarket. Vicki Meyers, 43, and her daughter Toni were allegedly seen by employees taking items at a TOPS supermarket and hiding them in their purses. According to authorities, they left the store with more than $70.00 worth of merchandise. The pair have both been charged with petit larceny.

Teacher accused of shoplifting using child

Wesley Chapel, Florida — A Pasco County teacher has resigned from her position, accused of shoplifting and using her young daughter to hide the stolen electronics.

Friday, parents are in shock that a trusted middle school science teacher sits behind bars.

Investigators say Amanda Hammon took her three-year-old on the shoplifting spree and had the child carry her backpack stuffed with the stolen goods from a Walmart in Wesley Chapel.

Hammon was a teacher at John Long Middle School in Wesley Chapel, and now, she’s a Pasco inmate without a job.

Investigators say this wasn’t just a one-time crime. In the past week, the middle school science teacher is accused of stealing electronics from Walmart four times with her daughter in tow.

Arrest records show Hammon confessed she’s been shoplifting to support her drug habit.

Filed Under: Shoplifting Prevention Tagged With: , , , , , , , , ,

What Works Best- Loss Prevention Training

September 18, 2014 by
There are many different kinds of loss prevention training. Some are focused on shoplifting identification and shoplifting prevention. Other loss prevention training is centered on employee theft. Still others revolve around general store safety and operational best practices. Each focus can be the cause of major financial staring on small retailers.
When you understand what your store specific concerns are, it is easier to find a loss prevention workshop that will fit your needs. Why would you and your employees want to waste your time in loss prevention seminars that are too generalized or do not focus enough on your particular problems or worries?
The smart decision is to work with the training facilitators to make sure they understand exactly what your expectations are. There is no point in spending your time and your hard earned money on loss prevention training that will not produce a return on your investment later on.
One of the most commonly sought after loss prevention seminars are ones that focus on shoplifting. Regardless of your location, client base and product assortment, shoplifting can happen to you. Because of the frequency, these seminars are best suited for a wide array of retailers. Most shoplifters exhibit the same basic strategies and methods. The prevention tactics therefore are equally as universal as the crimes they are deterring and eliminating.
For more information on Loss Prevention Seminars, Loss Prevention Training, or Loss Prevention Workshop contact us or call 1.770.426.0547 – Atlanta Georgia
Visit the Loss Prevention Systems website for more information on Retail Employee Theft and Retail Shoplifting problems and view the Retail Loss Prevention Seminars, Retail Loss Prevention Training and Retail Loss Prevention Workshop we offer to help with your Employee Theft and Shoplifting problems.

There are many different kinds of loss prevention training. Some are focused on shoplifting identification and shoplifting prevention. Other loss prevention training is centered on employee theft. Still others revolve around general store safety and operational best practices. Each focus can be the cause of major financial strain on small retailers.

When you understand what your store specific concerns are, it is easier to find a loss prevention workshop that will fit your needs. Why would you and your employees want to waste your time in loss prevention seminars that are too generalized or do not focus enough on your particular problems or worries?

The smart decision is to work with the training facilitators to make sure they understand exactly what your expectations are. There is no point in spending your time and your hard earned money on loss prevention training that will not produce a return on your investment later on.

One of the most commonly sought after loss prevention seminars are ones that focus on shoplifting. Regardless of your location, client base and product assortment, shoplifting can happen to you. Because of the frequency, these seminars are best suited for a wide array of retailers. Most shoplifters exhibit the same basic strategies and methods. The prevention tactics therefore are equally as universal as the crimes they are deterring and eliminating.

For more information on Loss Prevention Seminars, Loss Prevention Training, or Loss Prevention Workshop contact us or call 1.770.426.0547 – Atlanta Georgia

Visit the Loss Prevention Systems for more information on Retail Employee Theft and Retail Shoplifting problems and view the Retail Loss Prevention Seminars, Retail Loss Prevention Training and Retail Loss Prevention Workshop we offer to help with your Employee Theft and Shoplifting problems.

Filed Under: Seminar Tagged With: , , , , ,

Beyond an EAS System- Loss Prevention Workshop

September 11, 2014 by
If you have a shoplifting problem in your store the obvious solution is to run out and invest in an EAS system, or similar retail theft prevention. EAS systems are a significant financial investment, one that will pay off over time, but may cause an immediate strain on some small business finances.
EAS systems are also not an immediate fix. You have to decide which system you want, have it installed and then EAS tag or label your inventory. Again, an extremely effective and worthwhile investment, but what do you do in the mean time?
Look into taking a loss prevention workshop for additional loss prevention training.
Sometimes the best solution is the most obvious solution. A loss prevention workshop can give you tips and tricks to mitigate some of your losses (for free) while you coordinate your efforts to install an EAS system.
One of the tips to stop shoplifting is to look at remerchandising some of the more desirable products within your store. Do you have small, high theft items on a shelf location in the middle of your store? Why not move them closer to the POS system? These items will have a better chance of being continually monitored, and anyone who picks one up can easily and immediately pay for it.
For more information on Loss Prevention Seminars, Loss Prevention Training, or Loss Prevention Workshop contact us or call 1.770.426.0547 – Atlanta Georgia
Visit the Loss Prevention Systems website for more information on Retail Employee Theft and Retail Shoplifting problems and view the Retail Loss Prevention Seminars, Retail Loss Prevention Training and Retail Loss Prevention Workshop we offer to help with your Employee Theft and Shoplifting problems.

If you have a shoplifting problem in your store the obvious solution is to run out and invest in an EAS system, or similar retail theft prevention. EAS systems are a significant financial investment, one that will pay off over time, but may cause an immediate strain on some small business finances.

EAS systems are also not an immediate fix. You have to decide which system you want, have it installed and then EAS tag or label your inventory. Again, an extremely effective and worthwhile investment, but what do you do in the mean time?

Look into taking a loss prevention workshop for additional loss prevention training.

Sometimes the best solution is the most obvious solution. A loss prevention workshop can give you tips and tricks to mitigate some of your losses (for free) while you coordinate your efforts to install an EAS system.

One of the tips to stop shoplifting is to look at remerchandising some of the more desirable products within your store. Do you have small, high theft items on a shelf location in the middle of your store? Why not move them closer to the POS system? These items will have a better chance of being continually monitored, and anyone who picks one up can easily and immediately pay for it.

For more information on Loss Prevention Seminars, Loss Prevention Training, or Loss Prevention Workshop contact us or call 1.770.426.0547 – Atlanta Georgia

Visit the Loss Prevention Systems for more information on Retail Employee Theft and Retail Shoplifting problems and view the Retail Loss Prevention Seminars, Retail Loss Prevention Training and Retail Loss Prevention Workshop we offer to help with your Employee Theft and Shoplifting problems.

Filed Under: Seminar Tagged With: , , , , ,

Security and Operational Compliance

September 9, 2014 by Leave a Comment

theft (4)According to the most recent articles from Loss Prevention Magazine, the three major areas where the management or owners have to be vigilant about are internal theft, external theft and operational compliance. These three security areas have to be implemented correctly and to adhere to procedures the management or security team have dictated to be successful. For more information about this and other topics follow the links below.

Security Breaches Trigger Retail’s Big Players to Call for Major Tech Changes

The possible credit card breach at Home Depot Inc. prompted the retailer to speed up its implementation of chip-reading credit card terminals. Major credit card companies, too, have announced they will accelerate efforts to bolster electronic payments security and protect sensitive customer data. These moves could have a large impact on consumer confidence, which has suffered as a spate of cyberattacks hit major companies. But for retailers especially, the implementation of the new systems will take time, and are not a panacea for a company’s security risks.

Home Depot CEO Frank Blake told investors Thursday that the retailer would activate chip-reading technology on its new credit-card terminals by the end of this year. He said the company is “working around the clock” to find a breach linked to stolen credit and debit cards,” the WSJ’s Shelly Banjo writes, but stopped short of confirming an actual breach occurred.

Building A New Defense Team

As technology draws us deeper into a new age of business enterprise, we are continuously bombarded with waves of challenges and opportunities involving those with malicious intentions. These attacks come at us from every direction as the ingenuity of these criminal minds seek new and creative ways to infiltrate our information resources and engage in cyber warfare against our businesses.

In order to survive these reprehensible intrusions, retailers must fight back. We have to defend our ground and take the necessary steps to combat the threat. This requires that we build and recruit the resources that will help us win the battles. We must become cyber warriors in our own right; defending our computer and information systems against those seeking to seize and exploit the lifeline of our business.

Operational Compliance: Inspecting What You Expect (Part 1)

The evolution of the loss prevention profession has required a change in the way that we view what we do and the way that we approach the retail environment.  First and foremost, we have come to recognize that shrink is a much more complicated problem than merely looking at the theft of merchandise.  Shrink is a very complex issue that must take in to consideration a variety of different issues that can lead to losses.  Shrink reduction is clearly seen as a vehicle of profit enhancement, and an integral part of the retail model.  Additionally, we have perspective on how we can influence company profitability in other ways as well, which has allowed us to set our sights on the bigger retail picture.  As a result our shrink management strategies require a multifaceted and broad-based approach in order to successfully design and administer the process.

Filed Under: Shoplifting Prevention Tagged With: , , , , , , , , ,
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