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Tags and training aren’t the only approaches to loss prevention. Modern technology solutions can also help protect against fraud. Data, for example, represents a key line of defense for today’s retailers.

Profit losses aren’t inevitable. You can take simple, powerful steps to protect your business. Strategies like security cameras and dedicated training can help, but loss prevention strategies are at their best when they incorporate the right software solutions. Empowered with data and actionable insights, you can focus on offering great customer service and helping your business thrive. Adding technology to your loss prevention approach can help mitigate fraud and protect profits. Get started today.

To be seen from a distance, day or night, so as to be spotted as quickly as possible by the emergency services: that's the mission of the electronic distress light. To be part of your safety equipment, the distress light must meet the requirements of SOLAS recommendations. It complements your pyrotechnic system (flares or parachute rocket propelled into the sky) and your personal buoyancy equipment (lifejacket, lifebuoys, life raft, etc.).

Hazard warningflashers Tesla

Fraud can have a greater impact on your business than a simple loss of profits. Theft, fraud, or human error can damage a retailer’s reputation and affect customer loyalty, but you can take steps to prevent these issues.

Different from a conventional distress flare, a distress flare is a necessary piece of safety equipment on a boat. It is part of the safety equipment required for navigation beyond the 300-meter limit. It attaches to lifejackets and helps rescue services to locate a shipwrecked person.

The distress light is also very useful in contexts other than pleasure boating or sea fishing. They are also indispensable for kitesurfing, windsurfing, dinghy sailing... and will be of great use when hiking or mountaineering.

That's why we're presenting you with electronic accessories whose reliability is beyond question. While flares, flare guns and smoke generators are all tried-and-tested products, the big advantage of flares lies in their ability to be used for long hours, without fire or short-lived pyrotechnic signals. When a rocket has dissipated its red signal, what remains is the light of your electronic distress signal, visible from several miles away.

Comptoir Nautique accepts payments by credit card, bank transfers, and installment ranging from 3 to 60 months with ONEY

Hazard warninglights in car

When evaluating loss prevention software, try to find comprehensive tools that can help you understand data and act on it quickly. Look for offerings that create detailed reports with which you can drill down and gain insights to better identify where and how fraud occurred. A robust solution should include features that help you:

Comptoir Nautique accepts payments by credit card, bank transfers, and installment ranging from 3 to 60 months with ONEY

In addition to the legal requirement for sailboats and motorboats, distress flares are also mandatory for all craft beyond 300 meters. Kitesurfers, SUP sailors, windsurfers, wingfoil sailors, sea kayakers and jet-skiers must also be equipped.

For example, software such as Microsoft Dynamics 365 Fraud Protection can tap into the power of the Internet of Things (IoT) to help monitor merchandise. By creating a network of connected devices and sensors, stores can use real-time data to make sure items are restocked quickly or to detect anomalies. For example, a “smart” shelf can send store managers alerts when an item is getting low, but if the system generates an alert when the manager knows something was recently restocked, it could indicate theft.

Outdoor sports enthusiasts such as mountaineers and hikers will find a reliable, compact and lightweight safety system, enabling them to remain visible in the event of rescue operations. With distress lights, there's no need for flares or smoke parachutes. You can, of course, supplement these lamps with floating cyalume sticks for dispersal. The more you're seen, the better your chances of being rescued.

Once again, even though regulations strictly govern signaling devices aboard our boats, your safety is our first and foremost concern.

Modern technology solutions use data from common transactions such as item returns or discounts to identify patterns and detect fraud. Using AI and machine learning, technology solutions can help make you more informed and efficient to help protect your business.

Loss prevention creates a defense against the many ways that fraud and theft can damage businesses. In brick-and-mortar retail stores, loss prevention might involve installing security cameras or training employees to spot fraudulent returns. For an online retailer, a loss prevention strategy can include software that detects purchasing anomalies like shipping addresses that differ from billing addresses, requiring debit card verification to make purchases, or automatically setting purchase limits to mitigate criminal activity because very large orders can indicate attempted fraud.

Loss prevention is a big liability for any business, but it’s especially common in retail. In a retail setting, profit loss can arise from something as straightforward as shoplifting, or it can be as subtle as an administrative error or employees offering improper discounts to friends, acquaintances, or relatives.

In this category, you'll find lighting devices capable of360° illumination, up to 7 nautical miles. Depending on the model, they can be automatically activated on contact with the water, emit fixed or strobe (flashing) distress signals, and even an SOS signal.

Loss prevention is crucial for both omnichannel retailers and brick-and-mortar stores—a sound strategy for minimizing profit loss improves your bottom line and can help your business grow.

Additionally, retailers can use IoT to alert employees when the doors to a high-price or high-theft item are left open too long, decreasing the opportunity for thieves to access these items. Alerts can also let employees know when shoppers enter the store, preventing anyone from coming in undetected.

Fraud has significant financial ramifications for retailers, with online retail fraud costing more than $12 billion annually, according to PYMNTS. Omnichannel businesses are especially at risk for losing hard-earned profits because there’s more opportunity for fraud and theft than businesses that operate only as brick-and-mortar stores or online shops. Regardless of how a retailer chooses to sell, loss prevention is a key first step in helping ensure that profits end up where they belong—so your business can thrive and grow.