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The lab, funded by the university and the Loss Prevention Research Council, houses more than 400 anti-theft technologies and evaluates how effective the tech could be in the real world.
Retail loss prevention (also known as retail asset protection) is a set of practices employed by retail companies to preserve profit. [1] Loss prevention is mainly found within the retail sector but also can be found within other business environments. Retail loss prevention is geared towards the elimination of preventable loss. [2]
In the case of vehicle theft, the best deterrent to theft is in the installation of an approved vehicle anti-theft passive immobilizer. Many vehicles have factory-installed anti-theft units, which provide protection through the ignition system. Under the hood there is a computer that controls the operation of the engine.
The scale of merchandise theft, Kubrin added, is sometimes overblown by a retail industry happy to pin its problems, which include market forces such as inflation and a shift to online shopping ...
An intelligent banknote neutralisation system (IBNS) is a security system, that is used by banks, ATMs, retail establishments, vending machines [citation needed] and the cash-in-transit industry, to render stolen funds un-useable and easily identifable.
The lab in turn works on theft-prevention solutions that those retailers can all access. Yahoo Finance’s Madison Mills took an exclusive look inside the research lab, where the council is ...
SmartWater is a clear, water-based liquid containing an identifying code that can be viewed under ultraviolet light. [6] It is intended to be applied to valuable items, including equipment at construction sites, merchandise in retail stores, and vacant residential or commercial properties. [7]
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