Hallan, the CEO of the Michigan Retailers Association, said that technology such as videos have, on the whole, made a positive difference for retailers in terms of loss prevention. coming in technology investments. September 20, 2017. in This Week's Gurus. Newly developed technology is designed to work with a standard surveillance system to help identify behaviors that might constitute âsuspicious activity.â Controversy Remains Over Shoplifting Prevention Technology What kind of technology would retailers need to end shoplifting? These companies want this If you see someone take an item, alert another employee so that your interaction with the individual can be monitored and witnessed, then approach the person. Shoplifters donât want you to be alerted to their presence. ⦠With this type of system, valuable or high-theft products are flagged so ⦠In addition to the ease-of-use provided by the toolâs small size, removing it from the Sensormatic SuperTag Hand-held Detacher helps shoplifters evade detection. Administrative Errors. Draft a shoplifting policy and enforce it. Anti-Shoplifting EAS System. Store design, customer service techniques, and technology go a long way in preventing shoplifting. Closed-circuit television (CCTV) monitoring is an important anti-shoplifting technology. Practical Applications. Prevention. And the truth is, the overwhelming majority of shoplifters are not professionals. But you can control your methods of loss prevention. Preventing shoplifting, stopping employee theft and reducing shrinkage can help ensure the retail store is keeping the most revenue possible. The tags contain a technological censor that will cause an alarm to go off if removed from the store premise. When your bottom line takes a hit, it never feels good. As this technology becomes more prevalent, support will likely grow even stronger. The tag will alarm on exit if it has not been removed by the sales assistant. Post the policy so employees and customers are aware of ⦠In your design, try to minimize the number of "hidden" places in the store. How CCTV Can Prevent Shoplifting? Tweet. One of the best ways to curb theft is through education. Letâs look at 11 companies that are utilizing technology to prevent shoplifting in brick-and-mortar stores. Apply security tags to all high-shrink merchandise. Anecdotal evidence from the industry suggested the rates of This shoplifting prevention tip is particularly suited to small businesses. Enhanced shoplifting prevention by combination of the EAS technology together with booster bag and/or detacher detection. Educational materials for theft prevention. Shoplifters, however, typically use the detacher hook by itself. With the increasing number of theft in the retail industry, they need to start thinking about the best possible ways for preventing it like using CCTVs. Indeed, many handheld devices contain internal RFID tags designed to set off electronic article ⦠Shoplifting: Defeating Theft Detection and Prevention Technology. Retailers should also use store layout, adequate inventory controls and follow common security practices to combat shoplifting. As it turns out, alongside their forensic team and top-of-the-line, in-store facial recognition technology, Target is known for actually letting shoplifters get away with their bounty...up until they reach the monetary threshold for a felony shoplifting charge. RFID Technology. For any shoplifters, Target is the worst store to shoplift from. Shoplifting from Target has the risk of felony shoplifting charges thanks to Target's facial recognition technology and loss prevention teams building cases against shoplifters. Electronic article surveillance (EAS) is another method of inventory protection. Law-abiding retail employees might recognise a detacher hook as a component of the Sensormatic SuperTag Hand-held Detacher. Systems can also include visitor counting. The tech identifies suspicious activity based on shoppersâ behavior, such as body language, gait and facial expressions. Anti-shoplifting alarms use a technology called RF (radio-frequency), while a similar (but more advanced) technology called RFID (radio-frequency identification) has many other uses, from tracking pets and public library stocktaking to collecting fares from bus passengers. At the International Security Conference in New York last November, I walked past booths with hundreds of surveillance cameras. Electronic Article Surveillance: This type of theft prevention comes in the form of tags. As the technology evolves, so does the shoplifter. Shoplifting: Defeating Theft Detection and Prevention Technology 5 min read September 20, 2017 Typically considered one of the most accessible and in many cases least-sophisticated types of crime, shoplifting persists as an undeniably damaging affliction across the retail sector. Someone could be confused with a shoplifter simply because their major facial features match. RFID Technology Many of them used facial recognition to log my gaze. In almost all cases, stores with loss prevention will assign them to stop shoplifters, or monitor people that are exhibiting strange behavior typical of a shoplifter. Typically considered one of the most accessible and in many cases least-sophisticated types of crime, shoplifting persists as an undeniably damaging affliction across the retail sector. Shoplifting in retail outlets is an increasing problem that creates an estimated annual retail deficit of more than $30 billion, but RFID technology can help to track the in-store whereabouts of productions and reduce shoplifting incidents, according to Southeastern Louisiana University business professor and RFID specialist David C. Wyld, who said investigators of organized retail crime are actively researching how RFID technology can help them address the problem of shoplifting. Enterprise Technology Review | Thursday, October 08, 2020 . Inventory management technology. Shape of the head, the jaw line, moles and ear characteristics are identified by facial recognition technology used for shoplifting prevention. In addition to the ease-of-use provided by the toolâs small size, removing it from the Sensormatic SuperTag Hand-held Detacher helps shoplifters evade detection. Employee training The Facewatch Facial Recognition Solution provides shoplifting prevention technology that meets these criteria for retailers, restaurants, and other venues. How Can Facial Recognition Stop Shoplifting in Retail? For a small business owner, bringing sales to their business is not an easy feat. Anti-shoplifting strategies are devised for retailers and aimed towards reducing retail shrinkage. Across Australia, millions of dollarsâ worth of merchandise is targeted by shoplifters. For more information on Sensormatic labels contact us or call 1.770.426.0547. In fact, the National Retail Security Survey reported that loss of inventory cost US retailers an estimated $49 billion in 2016, with 70% of the loss caused by employee theft and shoplifting. There are plenty of technology options for shoplifting prevention for stores ⦠The cameras are set to record the comings and goings of a store, and can help identify a thief in the event of a shoplifting incident. Are you keeping abreast of the problem? It requires lots of hard work and diligence. Smart display technology. In fact, retailers lean heavily on LP when it comes to shoplifting; 82.6% of respondents say non-LP store personnel cannot make shoplifting apprehensions. Last month, a Japanese startup called Vaak developed an artificial intelligence software they claim can catch shoplifters in the act by alerting staff members, so they can prevent thieves from even leaving the store. Application of RFID technology is very popular in the US with 62.75% being used for loss prevention and asset protection, representing 1.72% of revenue (2017-2018 Sensormatic). But as technology has improved, shoplifters ways have changed to account for the technology being used to catch them. For an owner or manager of a retail store, it requires a lot of hard work to be profitable and to prevent shrink and losses in their stores. Shoplifting may be prevented and detected. A simple way of knowing when people enter your store is to install a doorbell or buzzer that rings every time someone comes in. In a 2019 survey, nearly half of respondents said that they were in favor of facial recognitionâs use in catching shoplifters. This software can be paired with security cameras allowing retailers an innovative, ⦠But AI has a lot more potential beyond being used to crunch the numbers. If your store prosecutes for shoplifting offenses, post signs stating as much. While shrink impacts every aspect of a retailerâs operations, most of the prevention falls to LP. Video analytics. Alerts at your storeâs entrance also help you to monitor whoâs leaving the store. Invest in a retail point of sale system with real-time inventory management capabilities to assure that youâre accurately tracking and counting your inventory. Devices: Anti-Theft, Anti-Shoplifting, Loss & Pilferage Prevention manufacturers, service companies and distributors are listed in this trusted and comprehensive vertical portal. shoplifting prevention devices at the site are equipped with the latest technological advancements that make your security sound and precise. Technology has for many years now helped loss prevention personnel catch shoplifters, and prevent bigger loses for stores. Here's how AI could help catch shoplifters in the act. The shoplifting prevention devices come with antennas that work towards detecting theft and set off an alarm to notify staff of the need to take necessary steps. Unlike other systems that match faces to criminal records, this software analyzes a personâs behavior to predict criminal action. This means that while a Walmart LP will stop a shoplifter regardless of whether they're stealing a $5 DVD or a $500 dollar TV, Target might ⦠Identify Common Shoplifting Methods and Traits. Take advantage of tech. While there isn't a specific profile for shoplifters ⦠Loss Prevention/Asset Protection (LP/AP)¶ Loss prevention (also known as asset protection officers) are employees that have the designated job of preventing theft and organized retail crime. Using technology for shoplifting prevention is a win-win for retailers. Reducing theft impacts a retailerâs margins in a number of ways, the most obvious being that products that are already paid for donât just disappear from inventory. Biometric surveillance technology emerges as one of the most effective deterrence tools resulting in a 34% decrease in shoplifting by retailers employing facial recognition. In the past, Walmart and other retailers relied on weight sensors to prevent shoplifting through self-checkout, but those were prone to error and frustrated customers. by The Gurus. Founded in 2017, Tokyo startup Vaak has taken in $500,000 in funding so far to develop software called VAAKEYE. For example, a football club in Bedfordshire, England had a significant shoplifting problem in its shop, costing the club approximately £1,000 worth of merchandise each month. Preventative measures should be teamed with the technology of an Electronic Article Surveillance security system in your store for maximum anti-theft protection for retailers of all sizes. Inventory management is key to preventing inventory shrinkage, whether itâs from overstocking, theft, loss, fraud or shoplifting. One of the most effective tools to prevent shoplifting is good retail store management. Looking for Suspicious Behavior. Okay folks I am just going to say this, all of our new fancy technologies are just interfering with all of the old tried and true methods of doing things including how we stop shoplifting. Cameras are the most popular way of preventing, identifying and prosecuting shoplifters with minimal input required from employees. Video surveillance of shelves, checkout stands and entry points can provide evidence for the conviction of any person attempting to steal. Spotlight on RH-ISAC Member: Flashpoint: Shoplifting: Defeating Theft Detection and Prevention Technology Typically considered one of the most accessible and in many cases least-sophisticated types of crime, shoplifting persists as an undeniably damaging affliction across the retail sector. But not all retail losses ⦠Preventing shoplifting from even occurring in the first place is a difficult task that raises many issues.