Retail Security Threats
Shoplifting is the $42 Billion Dollar Problem
November 13, 2009 - US retailers have a $42 billion dollar a year problem. A NY Daily News article sites a recent study that shows a 9% increase in shrink due to shoplifting in US retail stores. The article states that the figure translates to a cost of $435 to the average American family as store owners raised prices to recoup theft related losses. “Employees were responsible for about 44% of the (US) thefts,” according to this study. Talon DVR can be an excellent deterrent for many types of retail shrink, including employee theft. Talon DVR is also a great tool for detection of retail shrink and it provides a detailed video record for this type of threat. See the article here
Credit Card Skimming - What's Your Card Number Worth?
October 2, 2009 - Talk about bad press! Wired magazine reports that a recent survey of court cases in Florida shows that credit card information stolen by restaurant employees were selling for as little as $7.50 per card. Here's how it works. The store employees swiped the customer's credit cards through a pocket-sized credit card reader that saves the card information to memory. Later the stolen card information is sold on the black market to be used to create duplicate credit cards. Since the store employees have to swipe the customer's credit card through both the point of sale system and the card skimming device, Talon DVR can provide an excellent deterrent, detection and video record for this type of theft. Since the data theft is localized, customer, credit card companies and law enforcement officials can often trace the theft right back to the merchant putting their business at risk for bad press or even worse. See the article here