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Retail shrink totaled $50.6B in 2018

June 11, 2019


Cybercrime is an increasing threat faced by loss-prevention teams, and the top issue on the minds of those surveyed. But a majority of those loss-prevention professionals indicated they aren’t often involved in cybersecurity issues. Loss prevention departments are typically called in to react to cyber-related theft or breaches, and only one in four are involved in anticipating and analyzing threats.

“We are seeing dramatic changes in the risks faced by retailers, and loss prevention practices and priorities are evolving to meet those challenges,” NRF Vice President for Loss Prevention Bob Moraca said in a statement. “As criminals find new ways to steal, loss prevention teams are finding new ways to stop them. Increasingly, this is a battle focused on technology.”

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