Babaji Security

Loss Prevention
Loss prevention is the concerted effort of a business using best practices to prevent any loss to its assets and revenue.
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What is the importance of loss prevention?

Loss prevention is a type of risk assessment that aims to maximize a business enterprise’s profits by better managing preventable losses.
Retail shrink, a preventable loss in the retail industry, costs businesses a total of $50.6 billion in losses due to theft, shoplifting, error, and fraudulent activities.
Loss prevention aims to proactively address this by implementing best practices and strategies.

Employee Theft

Inventory Theft

Shoplifting

Employee Theft

Inventory Theft

Shoplifting

The Importance of Video Surveillance for Business Security

Benefits of Remote Monitoring for your Environmental Control Systems

How Live Monitoring Can Prevent Shoplifting

Loss Prevention Strategies and Tools

Loss can come in many forms and the best way to cover your bases is to address the causes of loss that are prevalent in an industry or a particular area of business. Here are loss prevention strategies and tools you can use for your business to cover retail loss prevention, cyber security and data loss prevention, as well as employee buy-in and competency.

However, the value of each incident increased. In 2020, shoplifting averaged $310.11, which was an increase of 13 percent the year prior. Like shoplifting, events involving dishonest employees decreased during the shutdowns of 2020. In total, 26,463 dishonest employees were apprehended, according to the 33rd Annual Retail Theft Survey, but the value of each event was higher.

Last year each employee theft averaged $1219.61 (up 3.8 percent in 2020).

Our Services

Our team will notify you of all instances of theft that occur and proceed to immediately show an in-depth, detailed report of the incident at hand. Dishonest employees remain a major issue

OUR SERVICES HELPS YOU INCREASE YOUR RESILIENCE

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