Retail Risks

Retail Risks That You and Your Employees Need to Be Aware Of

Several potential threats face businesses but, thanks to the fact so much of our shopping takes place online now, most of our security concerns are turned towards the internet. If you have your own business which contains a retail store, then there are still several potential threats that face your business, and you and your employees need to make sure that you are aware of all of these. Some of the most popular are going to be discussed in more detail below. 

Vandalism and Property Damage 

The appearance of your store is incredibly important when it comes to getting people on the high street inside. You need to make sure that your exterior is welcoming and, as such, makes people want to step inside and have a look at what you have to offer. Your ability to do this is going to be diminished if there is vandalism or property damage to your shop. You should consider installing some alarms in your shop which will mean you can deter people from causing any kind of damage. This doesn’t just mean burglar alarms but anti-loiterer alarms too. These work by going off when people have been lingering outside of your store for a long time and, as such, groups of anti-social teens, who may well be responsible for property damage, will be dispersed before they have a chance to do anything. 

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Refund Fraud 

Refund fraud is a very serious problem that a lot of businesses continue to be faced with. The way that this works is straightforward. A criminal will be responsible for generating a fake receipt and then will try to convince you or one of your employees into giving you a refund on something that they haven’t purchased in the first place. There are a lot of places on the dark web that will create this kind of receipt and, as such, they aren’t hard for people to come across. You should be on the lookout for receipts that are for products you don’t sell or that have codes which don’t match up to the ones you have in store. If you come across one of these, then you might want to consider whether they could be giving you a fake receipt. 

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Fake Gift Cards 

There are a lot of people who will try to exploit gift card systems that are in place which will allow people to purchase items from your store without spending anything. This is usually done by hackers who will be able to collect unloaded gift cards from retail stores and then use them to get access to funds that don’t exist. If you do have someone in the store trying to pay with a gift card, then be sure to study it and question whether or not this is the gift card that your business uses or whether or not you think someone might be using a fake one to scam you.