Security cameras can greatly reduce the threats facing your business. Consider these statistics:
- Employee theft = 48% of all business losses.
- Shoplifting = 31 % of all business losses
- Robbery - Occurs every 46 seconds according to the Department of Justice.
- Assault - Against employees or against clients can lead to liability lawsuits.
- Vendor Theft - Most businesses rely on vendors that leave product or perform services after hours.
- Vandalism - Destruction of property usually done by known and police documented “taggers” in the area.
The installation of surveillance cameras will greatly increase the level of security for your business. The presence of cameras in clear view will deter potential thieves who will prefer to try a less risky target. With our DVR system, you can view any part of your business from any location via the internet.
Employee Theft Threat--2003 National Study Shows Losses from Employee Theft Reach Record Levels
A national study conducted in 2003 states that having a surveillance camera system with remote access can eliminate losses up to 80 percent and improve productivity!
The National Retail Security Survey reports that losses from employee theft have reached record levels and that total inventory shrinkage cost U.S. retailers $32.3 billion in 2003, up from $29 billion the year before.
According to University of Florida criminologist Richard C. Hollinger, Ph.D., who directs the National Retail Security Survey, the results indicate that in 2000, retailers lost 1.75 percent of their total annual sales to shrink, up from 1.69 percent the prior year. Hollinger said that the results of the survey should serve as a wake-up call to the retail industry that shrinkage continues to be a multi-billion dollar source of revenue loss.
The study, conducted by the University of Florida with a funding grant from ADT Security Services, Inc., a unit of Tyco Fire and Security Services, discovered that retail security managers attributed more than 46 percent of their losses to the thefts of disgruntled workers. In comparison, 31 percent of retail losses were the result of shoplifters. Employee theft was up 2 percentage points from the previous study.
Internal theft now costs U.S. retailers $14.9 billion annually, compared to shoplifting costs of $10 billion. Employee theft and shoplifting combined account for the largest source of property crime committed annually in the United States. The remainder of the annual retail losses was due to paperwork errors at 17.6 percent and theft by vendors at 5.8 percent, according to the data obtained by analyzing theft incidents from 116 of the largest U.S. retail chains.
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