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...

BEST NEWCOMER New Zealand for 2025 Veesion Ai plugin for existing CCTV security system identifies theft as it happens. Sends instant Alerts with video clips to the store teams. Anonymous Ai overlay. No facial recognition. SYDNEY, Australia, Friday 7th 2025: Veesion is honoured to be named as the winner of the RETAIL RISK BEST NEWCOMER AWARD for New Zealand 2025. This is the second Retail Risk award that Veesion Ai has received having won the same award for the Australian market in 2023. The Retail Risk awards are often referred to as the ‘Oscars’ of the Loss Prevention industry and...

As a quick reminder, shrinkage is the term used in the retail sector to describe the loss of goods. The shrinkage rate measures the difference between the sales turnover a retail business should have made and what was actually made. This rate can be calculated using the following formula: (total cost of losses / sales turnover achieved) x 100. What causes loss of goods? Experts consider the main cause of shrinkage to be shoplifting. What exactly is shoplifting? Shoplifting refers to any act of theft of items from a store. Shoplifting is an issue for all types of retail businesses,...

Theft poses a significant threat to stores, not just by eroding the trust between store owners and their customers, but also by negatively impacting the store’s financial performance. To measure the extent and impact of theft, we include it in the store’s shrinkage calculations. This approach helps assess the discrepancy between the store’s theoretical inventory and its actual stock. What is Shrinkage? Shrinkage refers to the gap between a store’s theoretical inventory—what it should have based on accounting records—and its actual inventory. Essentially, it reflects the...