Rivo, a Sphera Company

Preventing loss and protecting profits - Managing security & loss prevention


Courtesy of Rivo, a Sphera Company

Organisations attempting to combat shrinkage face an increasing barrage of challenges. Shoplifting continues to be a major problem for retail and data security is now pervasive across every industry.

The increasing presence of cybercriminals and cyber terrorists pose a much greater threat, and a single hacker sitting in his bedroom can cause far more loss than any single shoplifter ever could. Wide hitting cyber-attacks may cause significant harm to the company's reputation, especially as compliance may require public disclosure of certain types of loss through cyber-attack.

In some global industries such as oil and gas, or shipping and logistics, acts of terrorism or hijacking and piracy can be devastating. According to a report issued by the World Bank, the UNOCC and Interpol, pirates took between £204 million and £248 million from high seas hijacking activity off the coast of Somalia between 2005 and 2012.

Whether loss is through hacking, hijacking or simple in-store shoplifting, losses can be prevented through the use of data gathering and software-based analysis to determine where and how losses are occurring, and how best to prevent those losses in the future.

Customer comments

No comments were found for Preventing loss and protecting profits - Managing security & loss prevention. Be the first to comment!