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Organized Crime and Shrinkage are on The Rise

Organized Crime and Shrinkage are on The Rise, Security Protection Is Essential to Offset Losses.

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Frank Costa, President Nexgen Protection Services – 

The final stage of the supply chain process in retail, is getting products off trucks and into stores. Retailers face rising security threats, such as theft, shoplifting, internal fraud, vandalism, and even violence. Matters are intensified by self-checkout systems and the complexities of post-pandemic retail environments. 

Whether managing day-to-day retail operations or responding to disasters and large-scale events, retailers must be prepared for the unexpected. Nexgen Security offers scalable solutions to meet these challenges head-on, enabling businesses to enhance security, reduce losses, and maintain operational integrity.

 

SOURCE: 

Wolfe, C. WHITEPAPER: The End-of-Sale Process in the Retail Supply Chain. Loss Prevention Magazine, 10/20/2024.
#protectionservices #securitystandards #publicsaftey  #mobilesecurity #securitythreats

Businesses should partner with law enforcement officers to develop safeguards for their businesses to prevent criminal activity.

Businesses Must Partner with Law Enforcement to Develop Safeguards

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Frank Costa, President Nexgen Protection Services – 

 

Small businesses typically don’t have the budget or resources to invest in the training, security systems, and personnel to combat theft like larger organizations.

Businesses should partner with law enforcement officers to develop safeguards for their businesses to prevent criminal activity. Helping businesses reduce and prevent crime is both a police and community effort.

Given limited resources, critically assess problem areas with solutions that will have the greatest impact on your bottom line. 

 

SOURCE: 

Fritsky, L. For Small- to Medium-Sized Business Retailers, Thwarting Theft Needn’t Come with High Effort or Costs. Loss Prevention Magazine, 08/01/2024
#protectionservices #securitystandards #publicsaftey  #mobilesecurity #securitythreats

 

loss protection strategies

Loss Prevention Strategies for Effective Collaboration

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Frank Costa, President Nexgen Protection Services – 

 

The most effective loss protection strategies are those that engage every level and department within an organization.

The essence of this collaborative approach is to move beyond the traditional confines of asset protection. It’s about breaking down the silos and fostering a culture where asset protection is seen as a shared responsibility.

To be effective, asset protection leaders must ensure they are seen as valuable partners rather than roadblocks. This involves actively seeking ways to support other departments’ goals and finding solutions that benefit the entire organization. When others see you as a collaborator rather than an obstacle, they are more likely to include you in critical meetings, ideation sessions, and decision-making processes.

 

SOURCE: 

Shugan, D. Collaborative Approaches to Asset Protection: Engaging All Stakeholders. Loss Prevention Magazine, 08/01/2024
#protectionservices #securitystandards #publicsaftey  #mobilesecurity #securitythreats

 

Advanced AI Technology Enables Security Real-Time Monitoring to Mitigate Crime

Generative AI Technology Enables Security Real-Time Monitoring to Mitigate Crime

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Frank Costa, President Nexgen Protection Services – 

Many organizations are investing in generative AI solution, Incident + ORC Intelligence, that automatically links incidents of theft, fraud, and abuse, enabling the seamless creation of comprehensive cases to help dismantle Organized Retail Crime (ORC) syndicates.

The technology enables real-time searches across millions of incidents and provides investigators with sophisticated tools to process, summarize, and analyze related criminal activities.

This solution is specifically designed to identify connections between incidents, using key details such as suspects, narratives, vehicles, and other critical case information. This targeted approach significantly enhances the investigative process, helping investigators quickly pinpoint related cases.

 

SOURCE: 

Appriss Retail introduces AI and shared investigative reporting to fight ORC. Security InfoWatch, 09/06/2024.
#protectionservices #securitystandards #publicsaftey  #mobilesecurity #securitythreats

 

Enhancements to an Organization’s Exterior Mitigates Crime

Enhancements to an Organization’s Exterior Mitigates Crime

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Frank Costa, President Nexgen Protection Services – 

Natural surveillance maximizes the ability to spot suspicious people or activities. Clear sight lines and visible entranceways are helpful while dimly lit or isolated areas create a more comfortable location to mitigate crime.

Image and maintenance ensure that a building or area is clean, well kept and free of graffiti or litter. If a property is untidy and littered with trash and graffiti, it sends the message that no one cares for the property and undesirable behavior will be tolerated. 

 

SOURCE: 

Blending Physical Security Systems With Environmental Design For Optimized Crime Prevention Solutions. Security Informed, 2021.
#protectionservices #securitystandards #publicsaftey  #mobilesecurity #securitythreats

 

Remote Loss Prevention Monitoring Enables Businesses to Secure Operations from Anywhere

Remote Loss Prevention Monitoring Enables Businesses to Secure Operations from Anywhere

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Frank Costa, President Nexgen Protection Services – 

In-person loss prevention and security audit for retail locations isn’t going away any time soon, and shouldn’t. Sometimes you just need to visit a place, if only to show the frontline workers that you genuinely care and are serious about theft and loss, and nothing can replace walking through a retail space with the on-site leader. 

Remote video monitoring allows businesses to conduct loss prevention audits from anywhere. This has a couple major benefits over traditional loss prevention audits:

  • It’s cheaper because you don’t need to travel to a location to conduct the audit. .
  • It’s faster, so you can audit more stores in a day and increase the frequency of your audits

Today, asset protection professionals are being asked to do more with less these days. Remote loss prevention and security audits allow field workers and leaders to do just that. 

 

SOURCE: 

Langley, C. Loss Prevention And Security Audits In Retail. Security Informed, September 2024.
#protectionservices #securitystandards #publicsaftey  #mobilesecurity #securitythreats

 

Physical Security Provides a Secure, Stable and Healthy Workplace

Physical Security Provides a Secure, Stable and Healthy Workplace

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Frank Costa, President Nexgen Protection Services – 

 

The range, value, and tampering sensitivity of merchandise passing through e-commerce portals is vast, throwing up new challenges for security details.  Protection against theft, against threats to staff, and against tampering, sabotage and the reputational damage resulting are the top priorities.

Physical security serves as a shield for such workers against unauthorized access while protecting against theft, vandalism, and violence.

In workplaces, educational facilities and other public spaces, physical security is the first line of defense. It not only prevents unauthorized entry but also creates a sense of safety and calmness. Providing a secure, stable and healthy workplace is an asset to retention and productivity.

 

SOURCE: 

Fisher, M. Distribution Facilities Ramp Up Safety Measures. The Urban Developer, 09/222024
#protectionservices #securitystandards #publicsaftey  #mobilesecurity #securitythreats

 

Machine Learning Lends Transformative Advances in Physical Security

Machine Learning Lends Transformative Advances in Physical Security

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Frank Costa, President Nexgen Protection Services – 

 

In physical security, machine learning can speed up investigations by assisting security teams in finding relevant information quickly. Machine learning helps analyze data that hasn’t been organized or labeled. By identifying patterns or possible relationships between data, such tools help security teams, law enforcement, and other staff gain a better understanding of an incident or important correlations between trends. 

On the operations side, machine learning helps organizations better leverage their physical security investments. Machine learning can help glean actionable insights from the system data to ramp up productivity. This often leads to improved operations.

 

SOURCE: 

Matusek, F. Transformative Advances. Security Today, 07/23/2024.
#protectionservices #securitystandards #publicsaftey  #mobilesecurity #securitythreats

 

Enhanced Surveillance with AI-Enabled Audio Cameras

Enhanced Surveillance with AI-Enabled Audio Cameras

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Frank Costa, President Nexgen Protection Services – 

Audio analytics, available in many AI-enabled cameras, can add context to what operators see on the screen, helping them validate assumptions. If a glass-break detection alert is received moments before seeing a person on camera, the added situational awareness makes the event more actionable.

 

SOURCE: 

Barbosa, R. Enhanced Situation Awareness. Security Today, 07/24/2024.
#protectionservices #securitystandards #publicsaftey  #mobilesecurity #securitythreats

 

Retailers-Must-Implement-Ironclad-Loss-Prevention-Strategies

Retailers Must Implement Ironclad Loss Prevention Strategies

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Frank Costa, President Nexgen Protection Services – 

One of the biggest threats to retail profits is “shrink,” or preventable losses due to theft or human error. Retail shrink accounts for billions of dollars per year in lost revenue, so it’s in retailers’ best interests to have a comprehensive set of standards designed to avoid these losses. 

The rise of retail organized crime, cyberattacks, and new methods of theft have made reducing shrink harder than ever for retailers. In order to be prepared for these modern threats, retail store owners and managers must have ironclad loss prevention strategies in place, as well as the tools to enforce them.

SOURCE: 

Shein, M. Reassessing the role of loss prevention, Security Magazine, 04/04/2024.
#protectionservices #securitystandards #publicsaftey  #mobilesecurity #securitythreats