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Fraud-Detection-with-Video-Surveillance-Analytics.

Ways to Boost Fraud Detection with Video Surveillance & Analytics

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Frank Costa, President of NEXGEN Protections Services on Fraud Detection:

Fraud costs the financial sector billions of dollars each year. It’s a persistent challenge for banks globally, made more complex by increasingly sophisticated fraud tactics and methods.

To stay ahead of fraud, financial institutions must leverage every available tool to protect their customers and assets. One such tool is video surveillance and analytics. By integrating video technology with fraud detection systems, banks can gain real-time insights, spot patterns, and take a proactive approach to security. This not only helps detect fraud but also prevents it from escalating.

  1. Real-Time Fraud Alerts
    Fraud detection systems generate a massive amount of data, but not every alert indicates a genuine threat. Video surveillance adds a critical visual layer, helping differentiate between legitimate fraud and false alarms.
  2. License Plate Recognition
    Drive-up ATMs and tellers face unique security challenges, especially in suburban and rural areas. License Plate Recognition (LPR) technology, integrated with video systems, offers a powerful way to identify vehicles linked to fraudulent activities. This information can be used to flag repeat offenders or known fraudsters.
  3. Behavioral Analytics
    ATM skimming is one of the most persistent threats to banks. Video surveillance equipped with behavioral analytics can identify suspicious patterns, such as individuals loitering near ATMs without conducting transactions or using multiple cards in quick succession.
  4. Integrated Surveillance
    ATM jackpotting—where criminals manipulate ATMs to dispense large amounts of cash—is a growing global issue. Combining video surveillance with physical sensors offers an effective defense. Cameras can detect unusual activity, like tampering, suspicious vehicles parked near ATMs, or vehicles with no license plates, and trigger real-time alerts.
  5. Loitering Detection
    Ensuring customer safety, especially at ATMs after hours, is a top priority for banks. Video surveillance with loitering detection analytics can identify individuals lingering near ATMs for extended periods, enabling timely intervention.
  6. Video Storage with Hybrid Solutions
    Storing surveillance footage for extended periods can be expensive. Hybrid storage solutions, which combine on-premises and cloud-based video storage, offer a practical alternative. Banks can securely store critical footage without the need for large-scale on-site infrastructure.
  7. Camera-to-Cloud Solutions for Remote Monitoring
    In some areas, installing on-site recorders can be impractical due to space or connectivity issues. Camera-to-cloud solutions address this by streaming video directly to the cloud. This eliminates the need for on-site hardware while maintaining full surveillance capabilities.
  8. Disaster Preparedness for Video Data
    Natural disasters pose a significant challenge to video surveillance systems. To mitigate this risk, banks should ensure that critical footage is preserved, even when on-site systems are compromised. Centralized evidence archiving allows banks to offload important video data to secure locations before a disaster strikes.

Transforming Fraud Prevention with Video Analytics

Video surveillance and analytics are revolutionizing fraud prevention, equipping banks with powerful tools to detect threats in real-time, enhance customer safety, and streamline security operations. From preventing ATM skimming and jackpotting to addressing loitering and improving evidence management, integrating video technology with existing systems strengthens banks’ ability to combat financial crime.

Source:
Corral, J. (February 5, 2025). 8 Ways to Boost Fraud Detection with Video Surveillance and Analytics. Security Management Magazine.



Organized Retail Crime: Strategies for Mitigating Loss

Organized Retail Crime: Strategies for Mitigating Loss

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Frank Costa, President, Nexgen Protection Services

To effectively combat organized retail crime, retailers must establish strong partnerships with industry associations, law enforcement agencies, and other relevant stakeholders. Such collaboration enables the exchange of intelligence, best practices, and emerging trends, allowing for a proactive response to the evolving nature of organized crime.

Partnership with Law Enforcement:
Close collaboration with law enforcement is critical. Retailers should establish direct communication channels with local police departments and develop protocols for promptly reporting organized crime incidents.

Training Store Associates:
Education and awareness are key to preventing organized crime. Retail employees must receive comprehensive training on identifying organized crime indicators, understanding theft patterns, and implementing effective prevention techniques.

Source:
Brittain, J. (2025, January 14). Retail’s Dangerous Triangle: Trafficking, Trucking, & Organized Theft. Loss Prevention Magazine.

#protectionservices #securitystandards #publicsafety #mobilesecurity #securitythreats


How Security Is Shaping the Cannabis Industry

How Security Is Shaping the Cannabis Industry

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Frank Costa, President, Nexgen Protection Services

A surveillance system can help protect your business from theft, particularly employee theft, which is a widespread issue in the cannabis industry. For large outdoor growing operations, having a monitoring system in place provides peace of mind by securing your property from all angles at all times.

Source:
Baxter, K. (2025, January 13). How security is shaping the cannabis industry. Security InfoWatch.

#protectionservices #securitystandards #publicsafety #mobilesecurity #securitythreats



Mitigate Losses to the Supply Chain with Robust Security Protection

Mitigate Losses to the Supply Chain with Robust Security Protection

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Frank Costa, President, Nexgen Protection Services

Companies lose billions of dollars annually due to cargo theft. Many manufacturers don’t realize their shipments have been stolen until it’s too late, often discovering the issue only when the shipment fails to arrive on the expected date.

To mitigate losses in the supply chain caused by security threats, key protection measures include:

  • Thorough vendor vetting
  • Robust access controls
  • Data encryption
  • Continuous monitoring
  • Incident response planning
  • Supply chain visibility through technology
  • Diversifying suppliers
  • Implementing strong cybersecurity practices across all tiers of the supply chain, ensuring all partners adhere to the same security standards.

Source:
Fryer, N. (2025, January 18). How transportation management systems mitigate supply chain risks for manufacturers. Security InfoWatch.

#protectionservices #securitystandards #publicsafety #mobilesecurity #securitythreats



The Importance of Parking Lot Security During the Holiday Season

The Importance of Parking Lot Security During the Holiday Season

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Frank Costa, President, Nexgen Protection Services

The holiday season brings increased activity to shopping centers, office complexes, and other public spaces, making parking lots prime targets for various security threats. Understanding these risks and implementing effective countermeasures can help reduce threats to both individuals and property.

With large crowds and busy lots, personal safety risks such as assaults, robberies, and carjackings become more prevalent. Criminals often target individuals carrying cash, credit cards, or valuable items. To counteract these threats, mobile security cameras equipped with motion sensors and two-way communication can provide an added layer of safety. These cameras enable security personnel to monitor isolated areas more closely. The ability to relocate cameras based on real-time data and activity trends ensures that security coverage can adapt to shifting risks, providing a more comprehensive safety strategy.

To mitigate these security threats, parking lot owners should invest in enhanced lighting, permanent and mobile surveillance systems, increased security patrols, and emergency call stations. Mobile security cameras, in particular, offer a versatile and dynamic solution for monitoring parking lots. These cameras can be repositioned as needed, provide real-time surveillance, and serve both as a deterrent and a responsive tool for addressing security issues.

Additionally, patrons should practice personal safety measures, such as parking in well-lit areas, staying vigilant, and securing their belongings. By combining strategic security technologies like mobile cameras with proactive safety practices, property owners, managers, and patrons can work together to create a safer and more secure environment during the busy holiday season.

 

SOURCE: 

Survey: Parking lot safety influences holiday shopping habits, Security Magazine, 2024.
#protectionservices #securitystandards #publicsaftey  #mobilesecurity #securitythreats

 

Retailers Must Leverage Technology That Goes Beyond Thwarting Theft to Predicting It

Retailers Must Leverage Technology That Goes Beyond Thwarting Theft to Predicting It

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Frank Costa, President, Nexgen Protection Services

Violence remains a major concern for the retail industry. Retailers and solution providers must collaborate to develop and implement technology that goes beyond simply thwarting theft. Efforts must focus on predicting and preventing theft. By doing so will proactively reduce the risk of violence and mitigate crime.

Retailers have reported an increase in both the average number of shoplifting incidents and the amount of dollars lost due to shoplifting over the past year (National Retail Federation, The Impact of Retail Theft & Violence 2024).

Protecting store associates and customers, while reducing today’s levels of violence and retail crime, requires a whole-community approach and collaboration across all stakeholders.

SOURCE: 

Wolfe, C. New Study Shows Shoplifting Is Up 93% Since Before the COVID-19 Pandemic, Loss Prevention Magazine, 12/19/2024.
#protectionservices #securitystandards #publicsaftey  #mobilesecurity #securitythreats

 

Do’s and Don’ts of GenAI for Security Metrics

Do’s and Don’ts of GenAI for Security Metrics

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Frank Costa, President, Nexgen Protection Services

 

Security teams must get it right—there’s no room for error.

Do you use ChatGPT or other AI generators for your business security? Regardless of how you implement GenAI, what truly matters is what you do—and don’t do.

There’s no doubt that GenAI models are powerful tools. When adopted responsibly, they can help streamline security protocols, optimize time, and more. However, it’s crucial to remain fully aware of the limitations of GenAI models.

For starters, never underestimate the importance of keeping the human touch in your work. As smart as AI might seem, it cannot capture the intangibles that come from human intuition.

AI lacks a sense of bias and is unaware of what constitutes correct or incorrect facts. Therefore, it is vital to proofread any AI-generated content and verify all facts before acting on the data.

GenAI models are trained on vast amounts of data from multiple sources, meaning there is always a risk that AI-generated content could contain plagiarized text.

 

SOURCE: 

Shelmire, A. Liars in the wires: Getting the most from GenAI without getting duped, Security Magazine, 09/19/2024.
#protectionservices #securitystandards #publicsaftey  #mobilesecurity #securitythreats

 

Organizations Must Be Ready to Assess Potential Security Risks to Protect Everyone

Organizations Must Be Ready to Assess Potential Security Risks to Protect Everyone

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Frank Costa, President Nexgen Protection Services – 

Security leaders across environments — spanning retail stores, corporate businesses, residential communities and cities — should prepare for threats that will require fast and informed action. We all have experienced major cultural moments, including the 2020 election, COVID-19 pandemic, and nationwide protests. 

It is critical for organizations to put in place security protocols to preserve employee and public safety while respecting the rights of citizens.  Creating a plan and protocols to address these incidents will help you ensure a coordinated response.

  • Establish communication protocols. Create clear communication protocols that explain how information will flow to key parties, such as store or business leadership, employees, customers, neighboring businesses and law enforcement.

  • Assess physical defense measures. How can you protect your building from damage or control the flow of traffic and people?

  • Promote de-escalation tactics. Reinforce your communication protocols during this training. Ensure that the safety of every employee and customer is the number one priority, reminding them to not get involved if physical violence occurs.

  • Implement safety technology. Cameras, alarms, motion detectors, and motion-triggered lights can all bring visibility to situations, add necessary deterrence if you make the decision to close a location, and gather evidence to help law enforcement pursue bad actors. Revisit your existing security investments to assess their capabilities, and consider whether you need new solutions to cover your gaps.   

 

SOURCE: 

Kelley, M. 3 potential security risks to stay ahead of post-election, Security Magazine, 11/20/2024.
#protectionservices #securitystandards #publicsaftey  #mobilesecurity #securitythreats

 

fruad

Mitigating fraud, theft and scam risks within financial institutions

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Frank Costa, President Nexgen Protection Services – 

Social engineering schemes have been such an easy way for fraudsters to get money. To guard against this fraud exposure, banks and financial institutions have to work just as hard as the fraudsters, and stay on top of any new threats that emerge. 

One of the best ways to defeat a social engineering scam requesting payment is to make a phone call to a number that is on file and ask if the person you received the request from really sent those instructions. 

Confirming with the appropriate person on file through a verbal phone call that a funds transfer request can proceed is a smart way to identify scam (fraud) attempts. With possibly hundreds of thousands or even millions of dollars at stake, it’s worth taking the extra time to confirm the validity of a funds transfer request.

SOURCE: 

Alger, J. Mitigating fraud, theft and scam risks within financial institutions, 12/2/2024.
#protectionservices #securitystandards #publicsaftey  #mobilesecurity #securitythreats

 

Why Local Businesses Should Build Strong Relationships with Law Enforcement

Why Local Businesses Should Build Strong Relationships with Law Enforcement

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Frank Costa, President Nexgen Protection Services – 

Building strong relationships with law enforcement has always been crucial to a successful loss prevention program. Historically, the relationship between retail stores and local law enforcement has been a part of both community safety and retail performance, reinforcing the critical elements of security and well-being.

Trust and respect are essential, along with a general understanding of how we can work together to keep our communities safe and our businesses successful.

SOURCE: 

Brittain, J. Fostering Next-Level Partnerships That Make a Difference, Loss Prevention Magazine, 11/20/2024.
#protectionservices #securitystandards #publicsaftey  #mobilesecurity #securitythreats