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.
Jewellery stores face unique security challenges, largely because merchandise is both small and very valuable. Effective video security solutions are available, but it is not uncommon to find a store in which the cameras do not provide sufficient coverage and image quality to combat theft.
The ‘what ifs’ are endless when it comes to threats in the jewellery industry. Each year, jewellers fall victim to crime and face unpredictable losses from fire, natural disasters, and even internal theft.
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.
As a jeweller, you’re aware of the risks you face when working and travelling with jewellery. However, if you’re not also following sound security procedures at your home, you may be exposing yourself and your family to potential danger.