Resources

Retailers have suffered increasing pressure during recent years as consumers reign in spending in the wake of job losses and loss of credit caused by the global downturn. In addition, the shift from the high street towards online spending has meant that traditional “bricks and mortar” retailers must achieve much more, with lower budgets. This paper will examine the various methods used to perpetrate retail theft and fraud. It will explain how retailers can identify and combat these tactics as soon as they occur, by managing user activity on EPOS terminals. It will demonstrate how retailers can rapidly gain a return on their investment in loss prevention, by using existing infrastructure to monitor and alert them to suspicious activity. The paper will also demonstrate how loss prevention technology can be used to improve staff training and productivity to further increase profits.
 

In the last 12 months ‘data loss’ has become the topic of intense mainstream media coverage in the UK. While research consistently shows the problem is growing, it is by no means a new phenomenon.

According to USA Today (in an article published in December 2007) 162 million records were reported lost or stolen in 2007, triple the 49.7 million that went missing in 2006.

VigilanceProTM is a comprehensive insider threat management (ITM) solution. ITM is also referred to by different analysts – and vendors – as Content Monitoring and Filtering, Data Loss Prevention, Data Leakage, Outbound Content Compliance and Extrusion Prevention. It could be argued that these names refer to sub-segments of the ITM market. Managing the risk posed to information assets by internal users is about far more than preventing data loss.

Endpoint security typically refers to software agents installed on fixed desktop and deskside systems, as well as mobile PCs, which have wide-ranging functionality. Features of end-point security agents may include traditional protection from viruses and spyware, personal firewalls, intrusion detection and prevention, configuration management, network access control, as well as basic device and application control.

Whether you call it data loss prevention, content monitoring and filtering, employee activity monitoring, counter-corruption, insider trading or fraud detection – increasingly organisations have projects and initiatives to look at addressing the insider threat. Much of this activity is driven by the incessant stream of data loss stories hitting the headlines in the media, not only in the UK but all over the world.

Governance, Risk and Compliance remain both equally important and challenging to many organisations.

The legislative and regulatory landscape is becoming increasingly complex, particularly in Europe with localisation an additional contributor, as countries interpret EU legislation slightly differently.