What Is Your Loss Prevention Strategy?

By Scott Kreisberg, founder and CEO, One Step Retail Solutions

When it comes to security and protecting your assets, you need a good strategy. You will know how good that strategy is when you try to balance the cash register at the end of the day; when you do your physical count; when you are faced with a computer crash; or when too many of your customers start having identity theft on their cards. Do you want to wait until then to find out that your protection was inadequate?

The most effective method to achieve security has always been a layered approach. In other words, instead of just relying on a single solution, you set up a number of protective layers and thus greatly reduce the chances of being a victim.

Airports are an example of a layered approach: there are visual inspection of ID’s and tickets before you are allowed beyond a certain point, there are TSA agents observing via cameras, there are metal detection imaging devices that you must go through, and there are personnel at the ramp to the plane who check tickets and ID’s again.

What would happen if all the information stored in your computer were suddenly lost? Or you had a hacker or virus or Trojan attack? Could you recreate this information? If so, how much time would it take? How much would it cost? What about dishonest employees? Most importantly, would your business survive?