Loss Prevention

Identity Authentication for Mitigating Loss

According to the National Retail Foundation, inventory shrinkage costs the U.S. retail industry over $45 billion each year. Internal theft, shoplifting, fraud and organized crime can have a crippling effect on profit margins. Additionally, studies show the average employee steals about 4.5 hours each week from their employer, which totals almost six full work weeks annually and costs businesses billions worldwide. That’s why it’s so important to have a strategy for preventing both internal and external fraud and theft. HID Global’s advanced biometric, RFID and barcode reading technologies make employees responsible for their actions by accurately establishing identities and creating an irrefutable log of activities.

Employee POS/Manager Override >>
Time & Attendance >>
Return to Identity Authentication and Verification Technologies >>