Loss prevention is the practice of securing a business and its assets from fraud, theft, and other criminal activities. It involves implementing strategies, training staff, establishing processes, and using technology to identify, monitor, and mitigate any possible loss. In order to truly be successful in an organization’s loss prevention efforts, it must be implemented with a proactive and preventative mindset. By taking a closer look at potential risks, threats, or vulnerabilities within a company, active steps can be taken to prevent as much loss as possible. Ultimately, investing in loss prevention will pay dividends long-term by reducing risk and increasing operational efficiencies.