Checkpoint Systems announced StrapLok, a high-theft alarming solution designed to attach directly to existing nylon straps on boxed merchandise, and Bug Tag 2 for the protection of six-sided packaged goods, tablets and display merchandise.
Genetec announced the new Genetec Retail Intelligence application, which will filter and analyze incoming video surveillance data to produce actionable intelligence about store operations, buying patterns, and trends.
Shrink, comprised of shoplifting, employee or supplier fraud, and administrative errors, rose in the U.S. from 1.28 percent of sales in 2013-2014 to 1.97 percent during 2014-2015, according to responses from common retail respondents who participated in Global Retail Theft Barometer surveys both years.
The U.S. Commerce Department reported total retail sales in 2011 were $4.7 trillion, an 8 percent increase over 2010 total retail sales. The retail industry’s sheer size presents a big target for internal and external criminal activity, creating a major issue for retailers — to the tune of $119 billion in shrinkage in 2011, up 6.6 percent since 2010.
Gone are the days when cybersecurity was someone else’s problem. With savvy and tenacious hackers who can use almost anything connected to a network to access systems, and evolving and seemingly implacable threats, just where does the security industry stand on the cyber preparedness spectrum? Read more stories in September Issue 2017.