What is Organized Retail Crime (ORC) In a concise definition, “organized retail crime involves the association of two or more individuals engaged in illegally obtaining retail merchandise, data, and/or other resources in substantial quantities through both theft and fraud as part of an unlawful commercial...Read More
Just like technology, shoplifting tools evolve at a rapid pace. The most commonly used shoplifting tools are known today as boosters. Boosters are items used to conceal stolen items which assist the shoplifter in their theft. Shoplifting tools or boosters can range from innocuous items like a diaper...Read More
Shoplifting. Concealment. Stealing. External theft. Retail theft. Shrinkage. Whether you call it shoplifting or theft, it’s a loss for retailers that costs $798.48 per incidence*. While you may have loss prevention strategies in place to combat shoplifting, are you familiar with the behaviors and...Read More
Use this handy holiday preparation checklist to prepare your retail store for the busy sales season. Environment Decor Assure your holiday decorations aren’t blocking surveillance cameras or creating blind spots Tape down cords to avoid tripping hazards Don’t create new hiding spaces with your...Read More
The chaos of the holiday season and busy sales floors are welcomed by retailers—and thieves. Addressing holiday theft prevention is a key step to protecting your store’s profits. Here a few tips to make the season merry, bright, and profitable. Deck the Halls (But With Holiday Theft Prevention in...Read More
Get prepared for the holidays as a retailer with our FREE fall webinars! Gift Card Fraud Whether you sell and activate gift cards or accept them as payment, as a retailer, you are at risk. Learn the top ways gift cards are illegally activated and how to protect your store. Tuesday, October 30th, 11:00...Read More
Gift card fraud is a popular entry-level crime because of the low chance of prosecution and the ease of theft. Anyone with a cell phone can snap a quick photo of the back of a gift card. Cashier error is often blamed and the store would rather eat the loss rather than alienate a customer. With a busy...Read More
Your point-of-sale (POS) holds more than just cash and credit card receipts. It holds a gold mine of data. With effective loss prevention exception reporting, your POS reports can alert you to employee theft and anomalies in KPIs (key performance indicators). Conducting an Exception Report Audit Data...Read More
Establishing detailed and thorough cash protocols is key to keeping retail profits and preventing employee theft. Cash management may seem like a basic skill in your retail business, but cash can be mismanaged easier than you think. Whether cashiers are working too quickly or they are distracted at the...Read More
Bleached bills. Bleached notes. Fake money. Counterfeit currency. Whatever you call it, it’s fraud and it’s popping up with alarming frequency in 2018. Over the past six months, individuals have been arrested in connection with counterfeit money in Florida, Illinois, Indiana, Iowa, Kentucky, Maryland,...Read More
From Simple to Advanced It happens to most retailers almost every day and it’s generating staggering losses. Losses from annual merchandise return fraud are estimated at $17.6 billion dollars* each year. The methods of return fraud can vary from basic fraud using on-site merchandise and receipts to...Read More
DIGIOP, a software development company specializing in video and data solutions for retail and hospitality loss prevention, has added Jim Close as DIGIOP’s new Director of Loss Prevention. Most recently Managing Partner of Risk Management Services Loss Prevention (RMSLP) in Chicago, Close has over...Read More
