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The Effects of CCTV on Loss Prevention Shrink

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The Effects of CCTV on Loss Prevention Shrink

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    1. The Effects of CCTV on Loss Prevention & Shrink Free Standing Stores North America

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    7. 7 LexisNexis Risk Solutions 2009 Survey Every $100 in Fraud Trans = $310 cost to retailers Fraud Multiplier Factor = cost after initial fraud transaction for: Interest Fees Cost for replacing lost or stolen merchandise The study predicts retailers will lose $139 B this yr as a result of: Identity theft Lost or stolen merchandise Lost interest and fees from charge backs Definition Fraud = Unauthorized transactions Bounced checks Lost or stolen merchandise Major factors in reducing loss: Increased economic conditions Increased fraudulent awareness Fraud prevention solutions

    8. 8 CCTV | Environment Company built on manufacturing/distribution Retail relatively new (1990) Budgetary expense item; Brand has final decision Security procurement initiative FY10 Significant cost savings Result ? expand CCTV footprint Internal Audit Results Share “Best Practices” with Global Affiliates

    9. 9 Major Causes of Losses in Retail Environment Source: University of Florida Survey - 2008

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