Theft can be a terrible drain on your profits if you run a store. Even online stores can be victims of fraud, so it’s always important to make plans to prevent these kinds of losses. Shoplifting and other types of theft and fraud will cost your business money, but you can prevent it by taking the right measures. Of course, this will require you to spend money too, but you can still save money by investing in various security strategies. You can use a number of strategies to prevent theft for your store, so try some of the suggestions below.

Make Use of Technology

Technology of various types can help you to prevent theft and fraud both online and offline. As security expert Daniel Menard will tell you, AI technology is one of the hottest options for preventing losses from theft. It can help to address a number of different issues, from theft to barcode recognition errors. Your business can lose money not just through deliberate theft but also from errors, so it’s great to have technology that’s able to deal with both. Other tech can help you to protect your business too. For example, a suitable security system and CCTV can protect your store.

Have Eyes on Your Store

Technology can definitely help to protect your store, but sometimes you also need humans to get the job done. When it comes to security, that can include having dedicated security staff and training your other staff to recognize and prevent theft. Not every store may need security staff, especially as it can be expensive. You can hire people directly or use a security company to provide you with the people that you need. Good training for your existing staff can also be pretty valuable. They can learn what they can and can’t do to help protect your business.

Use Security Equipment and Tags

If you want to prevent things from being removed from your store, there are a couple of ways you might make sure items have to stay put. One option is to make sure items can’t be physically removed. You might use equipment to attach display items to a solid surface, for example. This is popular in places selling items such as gadgets that you might want to allow customers to try out. You could also use security tags that set off an alarm if they are removed from the store.

Keep Secure Online

Online stores can also suffer fraud, which can come from fraudulent transactions or people wrongly claiming their orders are damaged or never arrived. One way to prevent this is to start by making sure you’re using a secure e-commerce platform. Good security should help to prevent hacking and related problems. Using tracking numbers on orders can help you to trace items after they’re sent out, helping to prevent fraudulent chargebacks. You may also be able to make use of automated fraud detection tools.

Prevent theft from your store by taking stringent measures to keep your inventory safe.