What is a Loss Control Program, And Do I Need One?
By Frank Costa, President, Nexgen Protection Services
A loss control program is a coordinated set of actions or practices that help locate and address potential risks for a business. The program could evaluate losses from employee theft, financial difficulties from claims or lawsuits, and other risks. A tailored loss control program reduces risk and mitigates the extent of economic losses when unexpected incidents occur.
How Do I Know If I Need a Loss Control Program?
Most businesses can benefit from a loss control program. The first step is to review your business’s risks. You have risks unique to your enterprise, along with a range of standard risks. Some common potential losses that many companies share include:
- Product theft
- Damaged inventory
- Workplace injuries
- Property damage
- Online security threats
- Client claims
Most businesses find that having a safety manual for employees is a practical part of a loss prevention program. Educating your staff makes them more likely to respond to emergencies correctly and confidently.
What is a Loss Control Program, And Do I Need One? (February 04, 2025). InsuranceNeighbor.com.
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Credential Harvesting: A Serious Threat to Your Organization’s Security and Privacy
By Frank Costa, President, Nexgen Protection Services
Credential harvesting is a serious threat to your organization’s online security and privacy. It can lead to identity theft, financial fraud, account takeover, and unauthorized access to confidential information—affecting both your employees and your users.
Social engineering and phishing attacks are commonly used to compromise retailers’ systems and gain access to sensitive data or credentials.
Cybercriminals employ various methods to obtain sensitive information, including bot fraud, phishing emails, fake websites, and social engineering techniques that exploit human vulnerabilities.
Credential harvesting attacks pose significant threats across various industries, especially in the financial services sector. These attacks can have devastating consequences, ranging from financial losses and reputational damage to costly regulatory penalties.
Source:
Meyer, C. (2025, March 12). Retail Cybercriminals Turn to Credential Harvesting. Security Magazine.
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Focus on Metrics: Measuring and Communicating Security Effectiveness
By Frank Costa, President, Nexgen Protection Services
Security operations rarely generate profit for the organization. While security is seldom recognized for all the preventive work done, it is often praised for responding to incidents—although this response typically represents only a small, yet critical, portion of our time.
We should focus more on demonstrating our value through smart, innovative metrics that are easily communicated, understood, and actionable for everyone on our team—and especially for all employees.
Source:
Rhatigan, D. (2025, March 17). Metrics to Make Security Shine Beyond the Numbers. Security Magazine.
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#Metrics #ProtectionServices #SecurityStandards #PublicSafety #MobileSecurity #SecurityThreats
