Technology Changes The Face Of Retail SecuritySource: Integrated Solutions For Retailers
Submitted by Vector Security
Today’s technological advancements and availability are impacting businesses across all industries like never before. The retail sector is no exception. Now more than ever, retailers are integrating technology into their loss prevention solutions. Our Vector Security experts have identified several technology-based trends that are becoming popular among retailers in their ongoing effort to reduce shrink and prevent loss.
One trend we see is the integration of video with point-of-sale (POS) data to investigate losses stemming from internal theft. Research shows that approximately half of all shrink comes from internal activities such as “sweethearting” and “collusion.” Of that 50%, one-third to one-half occurs at the point-of-sale. POS is where it happens and POS coupled with video analytics is where loss prevention investigators are turning their attention.