For clothing stores, a guide on which tags to use for which garments

Shoplifting is a practice that is very widespread, and in terms of the types of businesses targeted, few are hit as frequently or significantly as clothing stores.

“One reason clothing retailers get hit by thieves is because fitting rooms offer convenient privacy for the shoplifter.”

There are several reasons why clothing retailers are especially susceptible to shoplifting. The first is the perceived ease of carrying out the crime. You go into a clothing store, see a t-shirt you like and take it into a fitting room. Then, you put your sweater over it and walk out the front door. The thieves who steal clothes via this method are difficult to nab, as Rutgers’ crime prevention site pointed out. Emboldened by their success, they’ll do it again and again, and clothing store shrinkage will reflect the loss that results from this.

Another reason clothing retailers get hit by thieves is because they offer convenient privacy for the shoplifter. When you go to a hardware store, for instance, you typically don’t get a private room to test out the merchandise, but for clothing stores, this is the norm. For the amateur shoplifter – and the vast majority of shoplifters are amateurs – the fitting room provides a sanctuary to strategize how they’ll get away with theft. While in the fitting room, the shoplifter can determine how best to conceal an article of clothing, and decide how to leave the store so as to arouse as little suspicion as possible.

All too often, amateur thieves get the upper hand when it comes to clothing store theft. But that doesn’t have to be the case. When clothing retailers leverage EAS Hard Tags, they add a critical line of defense against shoplifters. But in order for these stores to reap the biggest theft prevention benefits from hard tags, it’s important to pair the right tags with the right garments.

Clothing stores can protect merchandise with well-placed hard tags.Clothing stores can protect merchandise with well-placed hard tags.

Defending against thieves with well-placed tags
For clothing stores, hard tags can make a big difference in terms of garment security. But to maximize the positive impact, loss prevention experts should aim for the best tag/garment compatibility possible. Here are some of our suggestions for how to tag different common items sold at clothing stores:

  • Shoes: Because of their design, shoes don’t seem to lend themselves to tagging as easily as, say, a pair of jeans. But in fact, tagging them is as easy as finding a solution that can fit through shoelace holes and other small openings. The answer to that is Pencil Tags, whose light and small construction enables them to be easily attached to otherwise challenging items like shoes. Bonus: Pencil tags also work great for accessories like handbags.
  • More expensive items (leather jackets, coats): Not all thieves are amateurs. Some are career criminals who aren’t looking to shoplift for the thrill of it or the desire to have a new item, but are instead focused on a singular task: reselling their stolen goods. For these shoplifters, expensive items like leather jackets are often the most lucrative targets, since they offer the greatest potential value when reselling. To protect these items, clothing stores should affix them with exploding ink tags, which deny thieves the benefit of reselling a pricey item by covering that item in ink when a removal of the tag is attempted.
  • Jeans and t-shirts: Items like t-shirts and pants may not be as pricey as, say, that new leather jacket featured in the display window, but for the impulsive amateur shoplifter looking for an easy swipe, they’re an ideal target. Therefore, clothing stores need to be serious about protecting these rudimentary but highly popular garments. That’s where The Falcon tag from CONTROLTEK can offer a lot of help. A product of careful strategizing among RFID engineers, retail workers and manufacturing experts, the Falcon provides industry-leading protection for apparel items. With a sleek design, these tags are great for stores looking to ensure that products are tagged in a way that’s not only safety-boosting, but cost-efficient as well.

Here at CONTROLTEK, we offer clothing stores an industry-leading EAS Hard Tag arsenal that’s equipped to comprehensively defend all merchandise.

Caught red handed: How tags with exploding ink are the ultimate theft deterrent

For all the benefits of the summer months, there is one big drawback for retailers: As the temperatures increase, so do shoplifting incidents. As loss prevention professionals know, crime tends to surge in the summer, and shoplifting is no exception to this trend. Kids are on summer break, people are out of their homes and merchandise is displayed at storefronts everywhere. These factors add up to a ripe season for shoplifting.

But they also add up to a great season for sales. Since retailers are necessarily focused on running the business and keeping customers happy, they don’t want to have to be preoccupied with shoplifters all the time. But losses from theft add up fast, and threaten to put a huge dent in profits. No business wants to find itself in this situation. Solving the problem calls for more than careful surveillance monitoring – it requires on-the-ground action.

Understanding – and undermining – the shoplifter mindset
According to the National Association for Shoplifting Prevention, there are around 27 million active shoplifters in the country. And these shoplifters often come out in larger numbers during the summer.

Given that roughly one in every 11 people is a shoplifter, it’s no surprise that there’s not a typical profile of this kind of criminal. As an industry professional, you know merchandise swindlers are young and old, male and female. Some of them are professional criminals, but many are not.

“By denying thieves the possibility of benefiting from their theft, they can take away their incentive to steal in the first place.”

Yet despite these differences, shoplifters are united by a common trait: the desire to benefit from what they’re stealing. When a thief steals a pair of jeans, for example, it’s because he or she wants to put them to use. Whether that means wearing them, giving them as a gift or attempting to resell them, the shoplifter plans to benefit from an item he or she didn’t pay for. But what if retailers deny thieves that benefit altogether? This is the idea behind exploding ink tags.

Enjoy some permanent ink with those stolen jeans
There’s a reason exploding ink tags have been a go-to theft deterrent for retailers since the early 1990s: they’re the ultimate tool for theft benefit denial. That’s because even if a shoplifter manages to remove a garment with an ink tag from the store, he or she won’t get to enjoy their stolen item. While some shoplifters are adept at removing regular security tags, with ink tags, they won’t be able to avoid the explosion of permanent ink. This creates an additional deterrent for prospective thieves.

Thieves can be hard to spot, but easy to deter with exploding ink tags.Thieves can be hard to spot, but easy to deter with exploding ink tags.

If a thief attempts to remove an ink tag in your store, that person will literally be caught red-handed. And if they make it out, it’ll be with an item that can neither be used nor resold. By heightening the chance of capture and denying all benefits, exploding ink tags reduce retail theft to a dangerous practice that lacks any reward. The technology has been effective for a long time. Back in 1996, for example, a survey of 14 stores that introduced ink tags found that these establishments experienced a 14 percent reduction in industry shortages after the incorporation of the ink tags.

Here at CONTROLTEK’s Retail Security Solutions division, we offer an ink tag that serves as the best line of defense for your store’s merchandise:

  • InkGuard ink tag: The InkGuard offers visual deterrence like no other and is available in AM and RF technologies. This ink tag works for any of your apparel items.

When it comes to defending your merchandise in the summer months, loss prevention experts know that a passive approach won’t cut it. The solution to the summer shoplifting boom is to confront the problem head-on, with a theft prevention solution that is explosively effective.

The summer shopping rush: What it means for retail cash management

The summer season is great for retailers, but that influx of cash needs to be properly accounted for and safely transferred from the store to the bank. There are certain cash handling trends that contribute to inefficiency and errors among stores. These trends, as identified in a March 2014 Federal Reserve Bank of San Francisco report, include:

  • Vulnerabilities in transferring cash: Some retailers aren't taking the necessary steps to secure currency correctly when it's in transit from the merchant to its bank. This creates an automatic period of vulnerability during which cash can be stolen from a low security tamper evident deposit bag.
  • Exposed cash in drawers: Cash isn't only at risk when it's in transit. A lot of bills in a register poses a risk too. While retailers need a certain amount of cash on hand for transactional purposes, having too much of it in the register brings an unnecessary degree of risk.
  • Numbers that don't add up: At the end of the day, does your store's earnings total align with inventory figures? Retailers sometimes find that this isn't the case, but a lack of robust tracking methods can prevent them from positively identifying the source of shrinkage.

While technology has changed the way payments occur at stores, cash is still very much a part of retail operations — particularly for stores that operate on a smaller scale. Because of this, a solid cash management strategy is vital for loss prevention experts.

"A solid cash management strategy is vital for loss prevention experts."

Finding a solution with CONTROLTEK
Here at the ISP Division of CONTROLTEK, we've been working for almost 40 years to help stores roll out the most powerful and advanced retail loss prevention strategies possible for the most reasonable price. With regard to cash management, we know this is a challenge that keeps merchants up at night. And that's why we're committed to making the whole process easier. Here are some of the CONTROLTEK solutions that help retailers build an efficient and dependable cash management strategy:

  • Retail deposit bags: For retailers, vulnerabilities with regard to cash transfer don't have to exist. Tamper evident deposit bags offer a strong defense against this issue. Our two patented offerings are TripLok and SafeLok, both of which are Vault Process Certified (VPC) to meet the requirements of the leading banks and armored carriers.

    Have cash for the day that needs to be transferred from the store to the bank? With our bags, loss prevention experts benefit from solutions that are specially formulated to protect cash in transit. SafeLok and Triplok offer high visibility tamper evident graphics, large video visual barcodes and heat and solvent detection.

  • Cash management should be a critical concern for retailers.Cash management should be a critical concern for retailers.

    Coin bags: Sure, they may not have the value of dollar bills, but as prevention experts know, coins can add up fast. And when that happens, a store needs to be prepared to safely manage them. CONTROLTEK's CoinLok coin bag is the answer to this management concern. Like TripLok and SafeLok, CoinLok adheres to the strict VPC standards, giving retailers piece of mind that their change is safe. Because of the weight of coins, CoinLok deposit bags are designed to withstand 50 pounds of coin and are tested for performance above and beyond the industry requirements.

  • Inventory control software: Shrinkage is a major concern for retailers, and it can happen at any phase of the retail process — when products are shipped to the store, when they're sitting on shelves, or when money is being transferred to the bank or vault. With all the potential for shrinkage, many retailers need a better option for retaining oversight and eliminating discrepancies between inventory/sales figures. That's where inventory control software like Shelf360 can prove indispensable, and it's something CONTROLTEK IVS offers.

That's not where our tools for retailers end. Check out our website for more!

5 tips to prevent the habitual shoplifter from making off with your merchandise

Shoplifting is a crime, but for many, it's also a compulsion and an addiction. As the Mayo Clinic points out, kleptomania is an impulse control disorder. It causes people not only to steal, but to continue doing it. For retailers, this kind of person is a major headache. 

As loss prevention professionals know, one of the main problems with habitual shoplifters isn't just that they steal frequently, but that they're very good at getting away with it. A shoplifter who steals out of habit is someone who's spent time learning to evade store security measures. According to industry statistics, the habitual shoplifter engages in the criminal act 1.6 times a week. And when you consider that there are 27 million active shoplifters out there, that adds up to a whole lot of business losses. 

"Businesses need to take merchandise protection to the next level."

For retailers and other enterprises, broad security measures won't work in nabbing practiced shoplifters. To deter thieves who steal out of habit, businesses need to take merchandise protection to the next level. Here are five ways to do that:

  1. Rollout RF pedestals: RF pedestals like the i30 Gate use a system of embedded electronics to detect if thieves are taking stolen merchandise out of the store. As a tool, it can be easily integrated into a store's existing network, and its physical presence in a store also provides a strong deterrent for potential thieves.
  2. Put RFID overhead readers in place: A RFID-based solution, overhead readers like the Nedap !D TOP offer retailers continuous visibility into store merchandise for easier tracking. Conveniently, these readers can be mounted on the ceiling, allowing for easier flow of customer traffic.
  3. Defend merchandise with ink tags: Habitual shoplifters are motivated by the idea that they can't get caught. But your store can put a swift end to that by catching them red-handed. Exploding ink tags like the SPITFIRE can help quash a shoplifter's feeling of immunity to capture.
  4. Keep track of inventory with handheld readers: Unfortunately, it's not only outside people who shoplift – employees do it too. This is a problem that's often harder to detect, but better inventory oversight is a good way to prevent this type of internal loss. Handheld readers like Nordic+ and Nordic ID Merlin are an efficient and user-friendly way to keep tabs on inventory.
  5. Retailers should take a hard look at their current loss prevention practices to reduce shrinkage.Retailers should take a hard look at their current loss prevention practices to reduce shrinkage.

    Use inventory software to see everything: Inventory and asset tracking software is a loss prevention professional's best friend. This type of software provides a constant snapshot of the items a store has stocked. With this solution on hand, any inventory discrepancies can be quickly detected and dealt with.

At CONTROLTEK, our goal for the past 40 years has been to provide industry-leading security solutions to a global client base. That's why we're able to offer loss prevention experts like you the tools you need to make your job easier. If there's one partner your business needs to keep habitual shoplifters away, it's us. 

How to safeguard merchandise stored outside

For retailers, summer is great for business, but it can also make for risky business. That's because with the rise in temperatures, many enterprises will display merchandise outside the storefront to entice foot traffic. By showing what you've got on the outside, you drive people inside. But this setup is also lucrative for thieves.

"Making off with an item when it's already outside seems like a decidedly easy task to thieves."

Going inside a store and swiping an item is one thing. In that case, a potential shoplifter has many factors to content with, like security cameras, the watchful eyes of staff members and the challenge of getting past the RF pedestals at the exit. But making off with an item when it's already outside seems decidedly easier. In fact, it appears to be as simple as taking the item and continuing to walk.

Retail loss prevention experts are familiar with crime opportunity theory, which posits, broadly, that "opportunity makes the thief" – i.e. particular circumstances play a huge role in whether or not someone commits a crime. The circumstance that's most desirable to a thief is one with lots of temptation and few potential consequences – such as merchandise displayed unattended in front of a store.

Merchandise can face a higher risk of attack depending on where it's placed in or outside of the store.Merchandise can face a higher risk of attack depending on where it's placed in or outside of the store.

No retailer wants merchandise stored outside to be a source of shrinkage. To solve the problem, stores have to eliminate the sense of opportunity thieves feel when they see products displayed outside. Here's how loss prevention experts can do that:

  • Affix prominently displayed ink tags to every outdoor item: Having clearly visible ink tags on items stored outside is an ideal first step to eliminating the sense of opportunity a prospective thief would feel. An item with an ink tag on it, after all, is no good unless the tag is removed by a special key in the store. Otherwise, you can guarantee an explosion of ink that will ruin the item. Thus, the presence of ink tags present a strong visual deterrent to thieves.
  • Make sure surveillance systems are in place for storefront: Surveillance systems – and the presence of them – are a strong force in combatting crime. When someone planning to shoplift an item outside sees that they're on film, they'll probably think twice. In that regard, it's not a bad idea to have a sign out front – alongside the display merchandise – that says something like, "Smile! You're on camera!"
  • Prioritize inventory management: Inventory oversight should be atop your business' priority list year-round, but most definitely in the summer. When you're displaying items outside, you'll need to make sure every item is accounted for – which means having a comprehensive overview of everything in stock. That's where active inventory control using our RFID Inventory Software comes in handy.

As your store prepares for the summer shopping boom, you'll want to focus on business as much as possible, without having to devote extra time to theft prevention. CONTROLTEK is happy to help.

3 common weaknesses that thieves take advantage of

You know all of those movies about pulling off the perfect heist? In them, thieves identify a high-value target — say, a bank or a vault with jewelry — and then painstakingly detail a plan of attack. The film shows how hard the thieves work to strategize, with one guy mapping out a grid of their intended target and another looking into every conceivable way they could be captured.

Well, that's the Hollywood version of thieves. In reality, the vast majority of thieves are nothing like that. Far from being the careful planning and highly organized types, most thieves are impulsive and clumsy. They don't rely on their own complex strategizing. Instead, they count on something else: store weaknesses.

Simply put, almost no thieves are Robert Redford in "The Hot Rock." They're not professionals, they don't have sophisticated strategies and they're highly susceptible to capture. Why, then, do they keep getting away with it?

Most successful thieves identify and exploit store weaknesses.Most successful thieves identify and exploit store weaknesses.

Identifying weaknesses is the name of the thievery game

"The average shoplifter is captured only around 2 percent of the time."

The average shoplifter is captured only around 2 percent of the time. This leaves them with a 98 percent success rate to enjoy their stolen goods — and put a dent in the profits of whatever retailer they targeted. And these aren't professional shoplifters we're talking about — they're casual thieves. Looking at these two facts — the 98 percent success rate of the typical shoplifter versus the fact that the huge majority are non-professionals — the seeming incongruity becomes clear. How can sloppy and impulsive thieves enjoy such a low risk of capture? One of the main answers is simple: They identify clear vulnerabilities within stores, and take advantage of them. In this post, we've identified three of the key retail store weaknesses that prospective thieves are on the lookout for, as well as solutions to each problem:

  • Garments kept too close to the door: No thief is looking to make his or her task overly challenging. Instead, when an easy opportunity presents itself, they'll take it. That's why, as a Rutgers release on common shoplifting techniques points out, thieves will frequently look toward the door to see if there are any garments being kept around there. Items close to the exit present a lucrative target because thieves can then just snatch them and walk right out the front door, often without fear of being observed, since staff members are likely occupied by patrons at other places in the store.

    The solution: If you're going to keep garments near the entrance/exit of the store, you need to account for the fact that this is an inherently vulnerable area that will be difficult to monitor and more challenging to detect something like a theft in progress. Therefore, items displayed at this physical point need to be held to a higher security standard. One way to do that, as Rutgers suggests, is to make sure that merch located close to the door is hung on hangers facing alternate directions, so that "the hangers 'lock up' when someone tries to remove many at once." Another way to better guard garments that are close to the door is to outfit them with ink tags, which will either sound an alarm as a thief tries to leave or generate an attention-grabbing ink explosion if they attempt to remove the tags.

  • A lack of a clear employee presence around the store: If a thief peruses the aisles of a clothing store and doesn't see an employee anywhere in his or her scope of vision, he or she will feel a lot safer swiping an item. At a 2010 loss prevention workshop that took place at the University of Florida, actual shoplifters informed attendees during a panel that most thieves have a keen eye out for employees, store detectives and managers. If these folks aren't around — or if they only appear infrequently — this provides a thief with a significant window of unobserved time in which to steal a garment.

    The solution: Make sure your workers are both attentive and well spread out throughout your store. No, that doesn't mean your employees need to be watching every patron like a hawk — that'd be bad policy. But by merely having your workers well-dispersed and visible to customers, that will serve as a significant deterrent to potential thieves.

  • The possibility of walking out the front door without an alarm sounding: The first thing a thief will do when he or she walks into a store is look at what the setup is like right at the front door. If there doesn't appear to be any technology in place to detect and alert store staffers to the act of merchandise being stolen, the prospective thief will feel emboldened. Therefore, retailers that have an exit that seems like you can simply walk out are at an immediate disadvantage.

    ​The solution: In your store, you don't want thieves to feel a sense of relief right when they reach the exit of your store. On the contrary, you want them to feel their greatest surge of anxiety. The way to do that is by rolling out RF Pedestals within your store. A robust pedestal system doesn't only function to detect stolen merchandise at a very high rate — it also serves as a strong visual deterrent to thieves, even the most amateur of whom know what a pedestal signifies. This is the kind of resource that will give possible thieves pause. 

In a world of amateur thieves who don't think too much before committing their crimes, it would seem that retail loss prevention is an easy feat. But it isn't. After all, retail stores have a lot to focus on besides the possibility of theft, including inventory maintenance and customer service. For retailers that want some much-needed expert help in the realm of loss prevention, CONTROLTEK ISS is your partner.

Recognizing the Remarkable

On behalf of all us at CONTROLTEK, we are honored to sponsor this year’s edition of IAI’s Remarkable Women, “The Power of 10.”

CONTROLTEK is committed to enabling commerce through innovation, but we have never lost sight of what matters most. Being a family owned business for more than 40 years, CONTROLTEK is privileged to support these inspiring women because of their passion for their chosen craft and their relentless pursuit of excellence.

CONTROLTEK is founded on finding the most insightful and innovative way to provide solutions for our valued clients. We have never taken ‘it cannot be done’ or ‘no’ for an answer. We have excelled in the face of adversity. The Power of 10 Women have also approached their careers with the same tenacity.

CONTROLTEK commends these women for taking the lead in changing how the Loss Prevention industry protects its merchandise and how Human Resources relates to its employees. CONTROLTEK shares the vision of these dynamic women for responding to the needs of their industry and delivering solutions. We celebrate this solution-focused mentality. They share our obsession to take control of loss. With CONTROLTEK our clients can control shrink, inventory, out-of-stocks, and profits.

We support all the remarkable women in the Loss Prevention and Human Resources industry to push the envelope, anticipate industry needs, and provide solutions that work in an ever-changing business landscape. CONTROLTEK is proud to be a supporter of these outstanding leading women.

Rod Diplock
Chief Executive Officer
CONTROLTEK

CONTROLTEK to attend 2015 SCTA

Here at CONTROLTEK, we’re gearing up for next week, when we’ll be attending the 2015 Secure Cash & Transportation Association (SCTA) conference in Chicago. This year marks the third annual SCTA conference, and it’s running from Sept. 23 to 25.

This conference, a focus on the evolving CIT industry
CONTROLTEK has been a longtime leader in the cash-in-transit industry, as well as a provider of other intelligent security packaging solutions. Because of our long history in the sector – we’ve been at it since 1976 after all – we have been able to witness how CIT has changed over the years. But these changes are more marked today now than in years past. That’s because the evolution of the enterprise sector as a whole – and specifically the growing deployment of cyber solutions – has opened up new vulnerabilities, which have created threats for CIT.

CONTROLTEK’s role
At the conference, we’re excited to hear from the variety of speakers and learn from their expertise. Given the speakers and topics on the agenda, we expect to come out of the conference with a clearer picture of where the CIT sector stands and what likely needs to happen to ensure its continued success.

As far as this goes, though, we’ve already been hard at work refining our ISP product offering. From our retail deposit bags to our highly secure cash vault shipping bags, we provide industry-leading solutions for CIT.

Employee Awareness: The Key to Protecting Inventory

When it comes to stores preventing theft, having a robust inventory protection strategy in place is absolutely vital. But there’s one central element of a great retail theft prevention strategy that is sometimes overlooked: making sure employees across the board are prepared.

“Having a staff committed to protecting inventory is the most vital ingredient to loss prevention.”

As a loss prevention leader, you could have some of the strongest security tools dispersed around your store – and yet if your staff hasn’t been trained on how to protect inventory from being stolen or damaged, then you won’t be getting the maximum value out of the security resources you have in place.

For stores, inventory security needs to be a group effort
There are some stores out there that have an entire fleet of staff solely devoted to loss prevention. In fact, if you’re running a mega retail store, chances are you have a full department designated for the cause. But as Retail Minded pointed out, not every store out there is a major retailer with its own loss prevention division. The vast majority of enterprises are operating at a much smaller scale.

Yet whether you’re part of a huge chain or a small family business, the need to protect inventory remains the same. And for organizations of a smaller size, this task calls for a staff who’s cognizant of the value of inventory, as well as how to protect it. While it can be tempting for small companies to approach loss prevention in a siloed manner – with a couple of people assuming full responsibility for inventory protection – this is not the way to protect merchandise in practice. Here are some of the key reasons why all store employees need to be trained in the protection of inventory:

  • They provide a crucial set of eyes for suspicious activity: It’s bad news that shoplifting happens as often as it does. But the frequency with which retail theft occurs does offer one upside: There are well-documented behaviors of shopliftersthat can be identified by perceptive employees. Someone who repeatedly leaves and re-enters a store, for instance, should be cause for concern. The same goes for a person who remains in an area of the store that is difficult for employees to monitor. Without employees who are trained to identify these behaviors, however, potential thieves can fly under the radar and cause inventory losses.
  • Inventory security knowledge will improve their work quality: Staffers who’ve been trained in the fundamentals of loss prevention and asset protection know that the last thing a thief wants is employees who are always walking the aisles. Conversely, this is exactly the kind of employee who legitimate customers appreciate. When staffers know the value of inventory protection and management, they’ll patrol the aisles with more frequency, which won’t only deter thieves, but also, as Retail Minded pointed out, have the added benefit of providing better service for valued customers.
  • They’ll know how Inventory Security Solutions (ISS) technology works: Having ISS technologylike that offered by CONTROLTEK is a massive benefit for stores – but it’s optimally effective when all employees know how it operates. If, for instance, a customer is attempting to remove an ink tag from a garment and the tag releases its permanent ink, this is the kind of technological component a well-trained employee can be on the lookout for and act upon.

Loss Prevention
When it comes to loss prevention, proactive employees are a key part of the equation.

How CONTROLTEK solutions can help employees protect inventory
CONTROLTEK provides stores with a future-focused arsenal of inventory security solutions that make the job of monitoring and protecting inventory a lot easier. But it’s not just that our product offerings are innovative and highly effective – it’s also that they’re made to be easily useable by all staff members in a retail environment. Accompanying our well-regarded EAS Hard Tag product line, for instance, is a collection of EAS Tag Detachers that are built to be both strong and easy for employees to use in order to disengage tags to facilitate a sale.

For all stores, equipping employees with the best tools and training to protect inventory is the most vital step toward mounting the most impactful system of defense possible. Having a well-prepared staff can turn out to be the difference between maintaining low inventory shrink numbers and increasing sales.

Deposit Bag Tampering

Deposit Bag Tampering: Crooks Can’t Beat Smart Bags

It’s a common activity within the retail world: At the end of the business day, the manager tallies up the day’s revenue, gathers the deposit and drops it off at the bank. This normal, and seemingly safe process, is familiar to nearly anyone who’s ever worked in retail. Unfortunately, it can also offer opportunities for robbers and thieves if the funds are not properly protected.

Ripped from the headlines: Armored Car Drivers and Employees Steal Bank Deposits
Two recent cases:

In October 2015, The LA Times reported that the FBI found $600,000 buried in the back yard of a former armored car driver. The investigation revealed that the stockpile of cash was from two armored car drivers who conspired to steal the loot back in June 2014.

Protecting Deposits

Retailers must ensure their bank deposits are protected.

And in March 2015, a trusted employee of a West Palm Beach business was arrested for stealing an $8,000 deposit. The investigation revealed the employee had a history of making late deposits, which highlights the importance of maintaining tight internal controls and auditing for compliance. In fact, an article published in the Arizona Republic about how retailers can prevent Store Managers from stealing deposits, stated, “Strong internal controls that evolve with the ever-changing financial environment are effective at reducing employee theft.”

Lessons learned: Intelligent Security Packaging
Both of these cases illustrate the importance of following a specific set of procedures for handling store deposits and properly protecting these funds.

“It’s imperative to have protection in place after cash has been taken out of the register or safe for the bank deposit.”

BrightHub noted that there are several preventive measures retailers can take to better safeguard their financial assets, including keeping money under lock and key while it is in the store. In addition, retailers should have a record of those who have handled store cash, as well as the reasons for these activities. Keeping these accountability forms can help cut down on loss as well as theft.

As these incidents show, it’s also imperative to have protection in place after cash has been taken out of the register or safe for the bank deposit. Currently, there are several options available, including the Intelligent Security Packaging offered by CONTROLTEK.

CONTROLTEK has state-of-the-art security packaging to ensure cash is secured all the way to the bank. Solutions like retail deposit bags, coin bags, strap and bundle bags, security seals, cash vault shipping bags, deposit tickets and endorsement stamps help keep accountability and security intact. CONTROLTEK can also include barcodes and other tracking measures to give managers and store owners the peace of mind that their deposits will reach the bank safely.

Worried about deposit security in your store? Let our expert consultants help select the solutions that will best suit your stores’ needs. Contact CONTROLTEK for more information.