Theft

The Information Commissioner’s Office (ICO) has fined DSG Retail Limited the sum of £500,000 after a ‘Point of Sale’ computer system was compromised as the result of a cyber attack, in turn affecting at least 14 million people. An ICO investigation found that an attacker…

A website which sold a hacking tool purchased by cyber criminals in 124 countries and gave full remote control of victims’ computers has been taken down following an international investigation. 14,500 people across the world purchased the Imminent Monitor Remote Access Trojan (IM RAT) from https://imminentmethods.net for…

The hidden nature of fraud means that the first step in tackling it is finding it, as Sue Frith explains in her first article since recently being appointed permanent CEO of the NHS Counter Fraud Authority (NHSCFA). As the CEO of the NHS Counter Fraud…

Video Surveillance-as-a-Service (VSaaS) is an innovative solution for many of the security and surveillance monitoring challenges facing today’s loss prevention professionals. The global market for VSaaS is growing rapidly and is expected to reach £1.5 billion in 2020 and, as Gary Trotter explains, loss prevention teams…

A new £25 million fund set aside to tackle burglary, theft and other offences in crime ‘hotspots’ has been announced by the Home Office. Police and Crime Commissioners (PCCs) across England and Wales will be able to bid for Safer Streets Fund investment for measures aimed…

The idea that a vending machine could dispense chocolate bars, but not cash intrigued John Shepherd-Barron. That’s precisely why Shepherd-Barron set out to design and launch the first ATM, which appeared on the streets of London in 1967, writes Sarah Staff. Back then, the banks…

As security and loss prevention specialists, we often discuss ‘retail loss’ or ‘shrinkage’, but what exactly do we mean by these terms? Typically, they refer to theft or loss of merchandise, writes Gary Trotter, but there are many other forms of loss. The Total Retail Loss…

A sharp increase in the number and cost of cyber attacks is the key finding in a study of more than 5,400 organisations across seven countries commissioned by commercial insurer Hiscox. More than three out of every five firms (ie 61%) report one or more…

Are your business premises suffering from fire extinguisher and exit door misuse? It’s not unheard of to see fire extinguishers being used as temporary doorstops, especially in conjunction with exit door misuse – but they’re also prone to theft and, when discharged unnecessarily, can cause…

This Christmas, the risk posed to retailers’ margins from theft is greater than ever before. According to the LodgIC Intelligence Centre, the escalated threat results from three factors: increased activity by organised criminal gangs, reduced security staffing resulting from the hike in the Minimum Wage…