The National Retail Federation reported that theft, fraud, and other forms of retail shrink equated to nearly $62 billion in losses in 2019. While thefts from burglaries, shoplifting, and payment fraud make up most of this, internal theft contributes significantly to losses.
Internal theft comes in many forms, including time theft, cash skimming, stealing merchandise, or offering unauthorized discounts to family and friends. The NRF’s 2019 Security Study revealed that each dishonest employee represents an average of $1,264.10 in losses.
With that in mind, here are a few ways you can adjust your loss prevention strategy to protect against internal theft.
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Three Simple Ways to Prevent Internal Theft in Retail
/by American Alarm Blogging TeamInternal theft comes in many forms, including time theft, cash skimming, stealing merchandise, or offering unauthorized discounts to family and friends. The NRF’s 2019 Security Study revealed that each dishonest employee represents an average of $1,264.10 in losses.
With that in mind, here are a few ways you can adjust your loss prevention strategy to protect against internal theft.
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How to Make the Most of Your Time at NECANN
/by American Alarm Blogging TeamAttending a tradeshow can quickly become overwhelming with so much to see and experience. Here are our top tips to help you get the most out of your time at NECANN.
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Five Impactful Age-in-Place Modifications You Can Make to Your Elderly Relative’s Home
/by American Alarm Blogging TeamBetween the familiarity and sentimental value of their long-term home and the connections they’ve established within their community, it’s easy to understand why your elderly family members would be inclined to stay put. For those caring for them, the prospect of a loved one living alone as they age could be alarming.
While 50 is far from elderly, it’s always wise to plan ahead. Here are five age-in-place modifications that will help your loved one stay safe and comfortable in their home as they grow older.
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Three Top Bank Security Challenges and How to Overcome Them
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Three Commercial Office Security Considerations
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Three Benefits of a Professional Home Security System
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Winter Safety: How to Fortify Your Business for Low Temperatures
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Four Lesser-Known Bank Security Considerations
/by American Alarm Blogging TeamWhile features like access control, surveillance, and emergency response protocols are likely the first things that come to mind when you think of bank security, there are many nuances to an effective system. Using the latest technology can fortify and streamline security systems in financial institutions, making it easier to stay proactive against security threats. Here are some less-obvious bank security considerations.
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Preparing for Smash-And-Grab Burglaries
/by American Alarm Blogging TeamThe most effective security strategies incorporate elements that prevent, limit the impact, and assist in the aftermath of a robbery. Here are our suggestions for preparing your business for smash-and-grabs. Read more →
Preventing False Injury Claims with Video Monitoring
/by American Alarm Blogging Team