Category Archives: Technology

The This Is Money website reports that a UK tech company that cracks down on counterfeit handbags and jewellery is mulling a listing on the London Stock Exchange.

Quantum Base makes security labels similar to QR and barcodes – but applies quantum physics to create unique ID tags to an atomic level.

The Metro website reports how a couple who own a Post Office and convenience store have adopted AI technology to address the shoplifting epidemic that was costing them £26,000 per year.

Vince and Fiona Malone went to a technology show to look at options, and they came across the X-Hoppers headsets and cameras.

The Startups website reports that the boss of retail chain Iceland, Richard Walker, has called for laws to allow images of violent shoplifters to be shared on local WhatsApp groups.

He has criticised the current data protection laws, which don’t allow businesses to share images of shoplifters publicly.

The Retail Gazette website reports that JD Sports is introducing tagging sprays across its stores nationwide as it ramps up security measures in its fight against shoplifting.

The sprays leave a synthetic DNA and a UV marker on property and criminals, which can then be used to link assets to owners and criminals to crime scenes.

The Guardian website reports that the government is investing more than £55m over the next four years in expanding facial recognition systems.

The plan includes £4m for mobile units that can be deployed on high streets using live facial recognition in crowded areas to identify people wanted by the police.

According to the Independent website, a recent report shows that the UK retail sector lost £11.3 billion to payments fraud in 2023.

Retail businesses lost an average of £1,394,518 each to fraudulent activity, with luxury fashion retailers losing an average of £2.8 million.