This article was originally published by RFID Update.
August 31, 2004—According to a study conducted by the University of Florida, even with the retail industry spending 0.5% of gross revenues on theft prevention, $10.7 billion is lost annually to shoplifting. The industry expectation is that not only will RFID radically reduce this staggering amount, it will do so in a manner less intrusive to customers than current anti-theft methods. Despite this optimism, privacy concerns and the still-high cost of radio frequency identification mean that such theft prevention nirvana is still a few years off.
Read the article at BusinessWeek Online
