When you think about theft within your business, protecting your inventory is probably the first thing that comes to mind. Unfortunately, there are other ways your business can be harmed. Data theft and fraud can have an even greater financial impact on your bottom line.
Reality TV—it’s everywhere these days. Although this particular type of programming generally isn’t my cup of tea (with so much of it being contrived and representing anything but reality), I am nonetheless intrigued by a certain category of it that showcases an all-too-real threat to retail businesses.
Centuries of protecting trade secrets and encouraging old wives’ tales have successfully shielded the jewellery trade from the prying eyes of consumers and crafted an air of mystery that continues today. Unfortunately, this same veil of secrecy has created an opening for the morally and legally challenged to operate on the fringes of our industry.