Theft and fraud continue to plague the banking and retail industries, with increasing creativity and reach. In the banking industry, a surge in ATM and gas pump skimming is being perpetrated by organized criminal groups who can strike 100 locations in a single sweep. In retail, shrinkage rose more than 1.5% in a single year between 2009 and 2010. 95% of retailers have been hit by organized retail crime (ORC) in the last 12 months.
Weak security isn't the problem. Most of these crimes and criminals are being caught on several video cameras. From ATMs to parking lots, there are now 30 million cameras in the world capturing 250 billion hours of raw footage a year.
However, the omnipresence of surveillance cameras can translate to a data deluge for security and loss prevention teams. The sheer volume of recorded footage has now far outstripped the ability of human eyes to absorb it all and then extract and catalogue the meaningful events.
Read this brief from 3VR to see how a solution to staying ahead of the deluge lies in automated video analytics like Facial Surveillance, License Plate Recognition, or advanced object tracking. Integrating these video analytics with security and business systems (e.g., point of sale, ATM & Teller Systems, Alarm Panel, etc.) can transform a relentless profusion of raw footage into searchable, actionable information.