Author: Veesion Team

Wesfarmers CEO Calls for Action on Retail Crime and Slams Proposed Business Tax Wesfarmers chief executive Rob Scott has raised alarm over a surge in organised retail crime targeting its major brands — Bunnings, Kmart, Officeworks, and Priceline. Speaking on Thursday, Scott said crime syndicates were increasingly stealing high-value items like power tools and tech gadgets, with many ending up on black markets and online marketplaces. In response, Wesfarmers has implemented stronger security and anti-theft measures while lobbying the Victorian government for tougher retail crime laws...

Retail Theft Now a $9 Billion Crisis — And a National Productivity Issue Retailers across Australia are facing an escalating wave of crime, costing the industry an estimated $9 billion annually in stolen goods, damages, and security expenses. Since the pandemic, theft has surged — from organised crime groups and ram raids to violent incidents targeting staff. Major chains are investing in security, but small businesses are struggling to keep up. “Retail crime is a growing national challenge, with rising incidents of theft, aggression, and organised crime affecting the safety and...

Amsterdam Schiphol Airport Duty-Free Stores Save Over €200,000 with AI-Powered Theft Prevention Technology The Airport Retail Association (ARA) at Amsterdam Schiphol Airport has achieved a major milestone in loss prevention, saving over €200,000 in high-end merchandise by deploying cutting-edge artificial intelligence technology developed by Veesion. Long plagued by theft challenges common to high-traffic retail environments, Schiphol’s duty-free stores have turned to AI to tackle the problem head-on. The solution came through a...

In today’s world, where security is more critical than ever, video surveillance has become an essential tool for safeguarding both people and property. From small businesses to large government complexes, these systems help monitor activities, deter criminal behavior, and ensure a safer environment. But what exactly is video surveillance, and how does it work? What is Video Surveillance? At its core, video surveillance involves using cameras to capture and transmit visual data to a specific location for the purpose of monitoring or security. This technology enables real-time observation...

With inflation on the rise, shoplifting is expected to become more prevalent, even among loyal customers. This poses a significant threat to store profitability, especially when coupled with poor shrinkage management. Now more than ever, it’s crucial to take action against this growing issue—and Veesion is here to assist! What is Shoplifting? Shoplifting is the criminal act of taking goods from a store without paying. This theft can occur through various methods, including concealing items under clothing, using bags or tools to bypass security, or simply walking out of the store without...

Veesion is a Paris-based security company specializing in advanced gesture recognition technology. Since 2018, we have been detecting theft-related behaviors in retail environments worldwide. Our cutting-edge software utilizes the latest advancements in deep learning to identify theft gestures in real-time, integrating seamlessly with existing video surveillance systems across various industries. Looking to enhance your store’s security? Our anti-theft solution is the ideal choice for you.   Why is Store Security Important? Theft poses a significant threat to store...