Retailers Caught Unaware By Smash-And-Grab Theft Have Few Tools To Combat It

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Retailers Caught Unaware By Smash-And-Grab Theft Have Few Tools To Combat It
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Allegedly social media platforms and instant messaging apps are being used to coordinate the flash-mob attacks

, which includes Ebay, Etsy, Poshmark, OfferUp and Mercari, much of the teeth in the bill has been removed.

Facebook and Poshmark prohibit the sale of stolen items and will terminate accounts if a user violates their policies. They also work with law enforcement agencies if potential criminal activity is called to their attention. But the onus seems to be on the victims to bring potential stolen items to their attention.

Allied Universal, a global security and facility services company, is arming retailers and mall owners with advance technology using high-resolution video cameras to record activities throughout stores, malls and parking areas, to help identify suspects and record license plate numbers. It uses video analytics to gauge people’s behavior in order to provide instant alerts to authorities for suspicious actions.

Brands can help too, especially high-value luxury brands which are a favored target for theft. The recently formeduses blockchain technology to track luxury goods ownership and product history information and validate authenticity of a product’s provenance.

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