Loss Prevention Research Council Announces Call for ‘Benefit Denial’ Technology Developers -- Security Today

Loss Prevention Research Council Announces Call for ‘Benefit Denial’ Technology Developers

Jul 05, 2011

Members of the Loss Prevention Research Council (LPRC) invite innovative solutions providers to join their Benefit Denial Working Group (BDWG) to develop and test leading-edge product protection solutions. The working group is comprised of more than 16 retail chains, including Best Buy, OfficeMax, Walgreens, CVS, Rite Aid, Meijer, Publix, Kroger, AutoZone, Sears/Kmart, Sterling Jewelers, Office Depot, AAFES and Lowes Home Improvement. Members of the BDWG are focused on the study and trial of new loss prevention technologies that render products useless until they are purchased at the point of sale.

“Group members have defined ‘benefit denial’ as a system or technology designed into, or applied to, retail products that prevents anyone from gaining value or use of a product without first making a legitimate purchase,” explains Read Hayes, Ph.D., director of the LPRC. “The system or technology should ideally protect the product from point of manufacture throughout the entire supply chain, and have no significant negative impact on the consumer.”

Several leading retailers have already lined up to support this program, as benefit denial technologies have the potential to revolutionize asset protection by virtually “locking down” products throughout the supply chain. This type of protection would enable retailers to more openly merchandise products, resulting in increased availability to customers and ultimately higher sales – while at the same time minimizing loss from shrink.

In addition to the potential benefits to sales and shrink, there are several other areas that will be evaluated, including the impact on customers and store operations associated with modifying or eliminating physical lock packaging or enclosures, and streamlining the checkout process.

In order to develop a comprehensive database of best practices and insights for the industry, the trials will be designed to encompass a wide variety of product categories, benefit denial technologies, and store formats. As part of the effort, the LPRC is working closely with the Entertainment Merchants Association, which has developed extensive expertise and insight into potential test models for several key product categories, including DVD, Blu-ray Discs and gaming content.

Featured

UL Solutions Launches Artificial Intelligence Safety Certification Services

UL Solutions Inc., a global leader in safety science, today announced the launch of artificial intelligence (AI) safety certification services, enabling comprehensive assessments for evaluating the safety of AI-powered products. Read Now
- Artificial Intelligence
Ransomware Attacks Rise for the First Time in Six Months

Ransomware attacks have risen for the first time in six months, increasing by 28% month-on-month to 421 attacks. While overall attack volume remained below 500, the uptick may signal a renewed escalation heading into the year’s most active period for cyber criminals. Read Now
- Cybersecurity
Report: 47 Percent of Security Service Providers Are Not Yet Using AI or Automation Tools

Trackforce, a provider of security workforce management platforms, today announced the launch of its 2025 Physical Security Operations Benchmark Report, an industry-first study that benchmarks both private security service providers and corporate security teams side by side. Based on a survey of over 300 security professionals across the globe, the report provides a comprehensive look at the state of physical security operations. Read Now
- Guard Services
Identity Governance at the Crossroads of Complexity and Scale

Modern enterprises are grappling with an increasing number of identities, both human and machine, across an ever-growing number of systems. They must also deal with increased operational demands, including faster onboarding, more scalable models, and tighter security enforcement. Navigating these ever-growing challenges with speed and accuracy requires a new approach to identity governance that is built for the future enterprise. Read Now
- Cybersecurity
Eagle Eye Networks Launches AI Camera Gun Detection

Eagle Eye Networks, a provider of cloud video surveillance, recently introduced Eagle Eye Gun Detection, a new layer of protection for schools and businesses that works with existing security cameras and infrastructure. Eagle Eye Networks is the first to build gun detection into its platform. Read Now
- Active Shooter

Security Today eNews

Sign up today for essential industry news and product information that can help you stay afloat in the fast-paced world of security.

Email Address*Country*

Please type the letters/numbers you see above.

Webinars

Whitepapers

New Products

AC Nio

Aiphone, a leading international manufacturer of intercom, access control, and emergency communication products, has introduced the AC Nio, its access control management software, an important addition to its new line of access control solutions.
A8V MIND

Hexagon’s Geosystems presents a portable version of its Accur8vision detection system. A rugged all-in-one solution, the A8V MIND (Mobile Intrusion Detection) is designed to provide flexible protection of critical outdoor infrastructure and objects. Hexagon’s Accur8vision is a volumetric detection system that employs LiDAR technology to safeguard entire areas. Whenever it detects movement in a specified zone, it automatically differentiates a threat from a nonthreat, and immediately notifies security staff if necessary. Person detection is carried out within a radius of 80 meters from this device. Connected remotely via a portable computer device, it enables remote surveillance and does not depend on security staff patrolling the area.
Luma x20

Snap One has announced its popular Luma x20 family of surveillance products now offers even greater security and privacy for home and business owners across the globe by giving them full control over integrators’ system access to view live and recorded video. According to Snap One Product Manager Derek Webb, the new “customer handoff” feature provides enhanced user control after initial installation, allowing the owners to have total privacy while also making it easy to reinstate integrator access when maintenance or assistance is required. This new feature is now available to all Luma x20 users globally. “The Luma x20 family of surveillance solutions provides excellent image and audio capture, and with the new customer handoff feature, it now offers absolute privacy for camera feeds and recordings,” Webb said. “With notifications and integrator access controlled through the powerful OvrC remote system management platform, it’s easy for integrators to give their clients full control of their footage and then to get temporary access from the client for any troubleshooting needs.”