Among the various challenges that retailers face, shrink — a reduction in inventory due to shoplifting, employee theft, fraud or errors — continues to be at the top of the list. In 2017 alone, shrink cost retailers $46.8 billion, with shoplifting remaining the leading contributor for the fourth straight year.
Surveillance cameras have long been a staple of a traditional security system, originally operating with the sole purpose of recording footage for forensic use in investigations. But the word “security” has evolved tremendously over time, and growing threats to the safety of people and property have created the demand for more.
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