ORC Overblown?

Author: Brian Rhodes, Published on Jul 16, 2012

While Organized retail crime captures big headlines and claims of billion dollar losses, is it really the problem it is made to be or is it wildly overblown? For retailers nationwide, ORC is the hottest of hot button issues and has gained national recognition as a significant source of retail loss. In this note, we examine the claims that ORC is the biggest loss risk to retailers.

For problem definition and a background on common defenses against ORC , see our 'Organized Retail Crime Countermeasures' note.

********

****** ********* ***-** ****, ******* ******** **** ****** ** ********* ** * ******** titled '***: **** ** *******?' ***** ******** ** ** ********** *** ******* ** **** LP **********: *** ********* ****** ** ********* ****** ***** ** largely *******:

  • *** ** * *** ***** ******* ** ******** ********
  • *** ****** ********** **** *** *** **********
  • *** ** * ************** ******** *****, *** **********

New ***** / *** *******

*** ** * *** ***** ******* ** ******** ********:** *** ***** ** **** **********, *** ******** *********. ** part *** ** *********** *********,**** ********* *** ******* **** **** *** ******* ** ***. *** ***** ****** *** ********** **** ******* *** ***** are ******* *** ******** ** *************, ********** ********* ** * highly *********** ******. **** ******* *** ******** *** ********* ** retail ********** ** * *** ****** *********** ******. **********, ********* are ********** ** ******* *** *******, **** *** *** ***** time. ******** ** ***, *** ****** ** *** ***** *** intrigue *** ******** **** ** *********** * *** ****** ** address ***-*** ********.

**** ********* ***** * *******, ***-******** ********** ** '***' **** categorizing **** *****, *** **** ******** ****** *********** *** ********* thefts **** *** **** ***-********, **** '***' ********. *** *** result: ********** ************* ** ** ******** ******* **** *** *****. Even *** ******** ****** ******************* ********** ******** ****** ** *** ********* ********** ******* ** ********* *********.

Losses **********

*** ****** ********** **** *** *** **********:***** *** ** ****** ******** ** ** * $** ******* problem, ********* **** ********* *********** ****** *** ******* ** **** smaller, **** **** ******** ** ****** ** $* ******* ** $500 *******. **** ********* ********** *** **** *** ************ ******* to ******** *** ****.

*** **** ** *********** *** ****** ** *** *** **** attention, ****** *** ********* **** **** ******* **** *** **** threats. *** *******, ******* ******** ***** ******* '******** *****' ****** be ********** **** ** *** *** *******. *******, '**** ********' methods ** ******* **** ******** ***** *** ******** ********* **** confronting ******** *******. *** **** ******* ******* ** **** **** fraud: ********** **** ***** ******* * ********* **** ******** **** protecting ********* ***********. ***** ****** ********* ***** ***** ***** *** protection? ** ** ****** ****** ** **** **** ****** ******** in *** **** ********? **** **** ******* ** ****** *** ******* ORC, *** *** *** ************ ********** ** ********** '****-***' *******, it ********** *** **** ************* ** *** ********** ***** *******. Having ** ******** ************* ** '*** **** **** ** ********' is ***** *** ******** ************** ********.

Geographic ********

*** ** * ************** ******** *****, *** **********:***** ******** *****, ***** ******** ** *** ** **** ********* evidence ** *** ********. **** *********** ***** ***** ** ******* threat ** *** *** **** *****, *** ** ** ************* as * ********** *****. *** *** ***** ********* *** ****** where *** ** ******** ** **** *** **** *********** ******:

orc by city

***** *** **** ** *** *** ** ********** ** ******* areas, *** ****** ** ** *************** '*** *******'. ****** ******** an ****** **** ***** ** ** ********* ********** ** '* nationwide *******' ** ***** ** ****. *********** ******** **** ** the ******* ***** ************* ** ** * ***** *****. ******* high-profile ** ************* ****** *** ********** ** ******* **** ***** Law *********** ** * ******* ***** ** ***** ** **** sufficient **** ********* ** ***** *** ***** ******, *** * risk *** *** ****** ** *** *********** *** **** ** all *******. *********** **** ********** ******* ** ****** *** ** locations ***** *** ** *** * **** ***** ** ********* and ***********.

Impact ** ****** *********

****** ******** ****** ********* ** ****** ** ********** ** ****. While **** ********* *** ********** ********** ** ** ************ ******** to **** **** *** ****** ** ***, **** ******** ******** systems *** ***** ******* *** ******** ** ******* *** *****. In ******** *****, ** ** ***** ** *** '********* ****** ***** ***************' ****, ********* *** *** ***** **** '*********** *** *****' when *********** ***, *** *** ******** **** ** ******** ******* like ***, ****, *** ****/***** ********* *** *******.

Login to read this IPVM report.
Why do I need to log in?
IPVM conducts unique testing and research funded by member's payments enabling us to offer the most independent, accurate and in-depth information.

Related Reports on Retail

Hikvision People Counting Tested on Mar 09, 2017
People counting has historically been a difficult task, requiring specialized cameras, expensive software, and careful camera placement. But in the...
Introduction To Burglar Alarm Systems on Jan 04, 2017
While alarm systems are popular, balancing between the right level of protection, the appropriate components and an acceptable price can be very...
EAS Startup Queuehop Examined on Dec 15, 2016
Electronic Article Surveillance (EAS) tags have been used for decades to reduce theft with companies like Tyco's Sensormatic and Checkpoint being...
3VR Sales And Marketing Execs Out, Company Shifting on Nov 22, 2016
Two executives are out at 3VR, both after relatively short tenures at the company. 3VR's CEO says this is part of a shift to cover new markets....
Tagged RFID Object Search Recorded Video on Sep 20, 2016
Video analytics has gotten fairly good at tagging people in video, but it does not solve the problem of finding items like specific merchandise or...
Brickstream People Counting Sensors Acquired on Sep 07, 2016
Brickstream's sensors have been considered the market leader in retail store people counting applications, the company claims over 175,000 units...
Silicon Valley Startup Density Launches People Counting As A Service on Aug 09, 2016
A Silicon Valley startup says their people counting sensor is so accurate it's free, just pay for the data. They recently raised $4M from a top VC...
Axis Drops Samsung, Closes Off Cognimatics on Jul 05, 2016
So much for open platform. In Axis' first move since acquiring retail video analytics provider Cognimatics, they are dumping Samsung and closing...
Axis Acquires Retail Analytics Developer on Jun 03, 2016
Two acquisitions in a week and the third in three months for Axis. At this point, it is pretty clear - Axis is on a buying spree. On the other...
Q-See Company Profile on May 17, 2016
Q-See is a direct-to-consumer camera system reseller that was ranked on the Inc 5000 list. This report is based on a conversation with a Q-See...

Most Recent Industry Reports

Everbridge Mass Notification Service Examined on Mar 24, 2017
Everbridge is expanding in the security space. In January 2017 Everbridge acquired PSIM platform IDV, and have also begun integrating with other...
Hikvision Removing Auto 'Phone Home' on Mar 24, 2017
Facing pressure over their cameras auto phoning home and their Chinese government ownership, Hikvision has begun quietly removing automatic...
Axis Camera Vulnerabilities From Google Researcher Analyzed on Mar 23, 2017
A Google security researcher has reported 6 vulnerabilities for Axis cameras, affecting multiple models and firmware versions. In this report, we...
OpenEye Takes Aim At Exacq on Mar 23, 2017
First Milestone targeted Exacq with a takeover offer, and now OpenEye is gunning for them with an offer to swap out Exacq for their cloud-managed...
Lock Keyways For Access Control Guide on Mar 23, 2017
Lock keyways can be the difference between a lock working or not. Understanding keyways is important for access control. Indeed, a member recently...
Broken Browser Support for Video Surveillance on Mar 22, 2017
Modern web browsers have left the security industry behind. Current Chrome, Firefox, and Microsoft Edge browsers do not support NPAPI plugins,...
ADI Favorability Results on Mar 22, 2017
150 North American integrators provided feedback on 6 distributors, and why they do (or do not do) business with ADI. ADI is clearly a big name in...
1 Million Dahua Devices Exposed To Backdoor on Mar 22, 2017
Statistics show that 1 million Dahua devices are publicly exposed and vulnerable to the Dahua backdoor. Despite this, Dahua has downplayed the...
Hikvision Hires Crisis Communication Writer on Mar 21, 2017
Hikvision has hired a crisis communication writer as the company ramps up its efforts to deal with the 'crisis' it feels it is facing. 'Crisis...
Glass Break Sensor Tutorial on Mar 21, 2017
Burglars often break glass windows to get into a house. Using glass break detectors in conjunction with alarm contacts is a good way to protect the...

The world's leading video surveillance information source, IPVM provides the best reporting, testing and training for 10,000+ members globally. Dedicated to independent and objective information, we uniquely refuse any and all advertisements, sponsorship and consulting from manufacturers.

About | FAQ | Contact