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Loss Prevention Archives

Returning Theft Vulnerability at Lowe’s

Posted on July 14, 2016 by | Leave a comment

Returning Theft Vulnerability at Lowe’s
If you've ever shopped at Lowe's, you know that they have a very good return policy. While this makes for excellent customer service, it is a vulnerability to any store. On July 12, 2016, Kristi J. Smith, from Chillicothe, Ohio, was charged with felony theft after allegedly stealing $2,800 as a cas... read more

The Analytics Breakthrough

Posted on June 6, 2016 by | Leave a comment

The Analytics Breakthrough
I recently watched a short presentation of ideas from Microsoft’s Corporate Vice President of Business Solutions Marketing, Mr. Wayne Morris in which he spelled out a couple of points for the future of “Big Data” and especially “Big Data Analytics” that I believe to be vital to seizing th... read more

6 Reasons Your Loss Prevention Program Isn’t Working & How To Fix It

Posted on June 6, 2016 by | Leave a comment

1. You Can’t Afford The Best People In Your LP Team In the hotel and resort industries, Security and Loss Prevention plays an extremely crucial role of maintaining security across every facet of the property. These employees are tasked not only with the safety of physical assets but... read more

6 Reasons Your Loss Prevention Program Isn’t Working & How To Fix It

Posted on November 5, 2015 by | Leave a comment

6 Reasons Your Loss Prevention Program Isn’t Working & How To Fix It
1. You Can’t Afford The Best People In Your LP Team In the hotel and resort industries, Security and Loss Prevention plays an extremely crucial role of maintaining security across every facet of the property. These employees are tasked not only with the safety of physical assets but also with th... read more

The Analytics Breakthrough

Posted on September 6, 2015 by | Leave a comment

The Analytics Breakthrough
The Analytics Breakthrough I recently watched a short presentation of ideas from Microsoft’s Corporate Vice President of Business Solutions Marketing, Mr. Wayne Morris[1] in which he spelled out a couple of points for the future of “Big Data” and especially “Big Data Analytics” that I bel... read more

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Collaboration not Conflict

Posted on August 31, 2015 by | Leave a comment

Collaboration not Conflict
The world is becoming ever more interconnected and that way that people create and consume data and content is changing in ways that it has never had the scope to do in the past. Just today I read that Diamond Minecraft (where you can watch a gamer named Daniel Middleton play Minecraft apparently) h... read more

Recreate your Loss Prevention Efforts: Important Business Information to Further Increase Profits

Posted on June 30, 2015 by | Leave a comment

Recreate your Loss Prevention Efforts: Important Business Information to Further Increase Profits
In today's world of down sizing, outsourcing, and multi tasking, loss prevention departments are finding new and innovative ways to transform themselves. One of the ways they are succeeding is by changing from cost centers into a profit centers. Data that is collected by cameras, sensors, and POS s... read more

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The Paradox of Security

Posted on June 6, 2015 by | Leave a comment

The Paradox of Security
Many of you reading this may have heard of the term from Economics the Paradox of Thrift. What the Paradox of Thrift is, as popularised by the Great Economist John Maynard Keynes and accepted by those who profess to belong to his “camp” can be condensed to the following: “What is good for the... read more

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Are You Buying Your Business?

Posted on April 30, 2015 by | Leave a comment

Are You Buying Your Business?
Many places do after all. Complimentary benefits, or “comps” as they are known, have long been considered part and parcel of doing business in the Casino world. The “Big Players” have to receive free stuff otherwise they’ll stop playing and go somewhere else to get their free stuff there ... read more

When Do You Start Looking for Fraud?

Posted on April 14, 2015 by | Leave a comment

When Do You Start Looking for Fraud?
So when do you start looking for Fraud and theft? Before you know that it is happening, on a proactive basis? Based upon suspicions or a well thought through fraud and theft detection policy? Or do you wait for the phone to ring or the email or letter to arrive and someone to tell you that it is ... read more