Retail theft is causing significant financial losses for businesses, including giants like Home Depot and Foot Locker. A survey revealed 56% of small businesses claimed victim to shoplifting, with vanishing inventory inducing losses up to $112 billion last year. Experts recommend improving lighting, surveillance cameras, customer acknowledgments, visible high-theft items and inventory management to reduce in-store theft. Employee integrity, anonymous reporting and cybersecurity measures, like secure networks and strong password policies, help counter employee theft and cybercrime. Further, business insurance offers financial protection from cybercrime and theft.
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