3VR, Inc., the video intelligence company, today announced two major appointments to its executive team as the company continues to expand, fueled by customer wins in the banking, retail and healthcare verticals. Charlie Ryan has joined the company as chief financial officer (CFO) and Tony Craythorne will serve as senior vice president of global channels. Both Ryan and Craythorne are seasoned executives with significant venture and public company experience.
Ryan and Craythorne join 3VR at a time of tremendous growth. Over the last three years, the company has grown more than 100% per year and in December 2010 secured $17 million in new financing, led by Menlo Ventures.
O Bee Credit Union, Our Community Credit Union and Washington State Employees Credit Union have installed the 3VR Video Intelligence Platform with the help of integrator Cook Security Group. All three institutions are using 3VR products to reduce investigation times by searching through hours of video, collected by cameras at branches and ATMs, in just minutes. Recently, Our Community Credit Union used 3VR’s technology to investigate a hold up at one of its branches. Security was able to search the video and send to police within five minutes. The robber was caught and the video was used in court to gain a conviction.
A layered approach that includes the people and processes, physical, network, identity management, data security and IT Security is the only way to provide comprehensive methods to meet today's demanding environment. This integrated approach also allows you to layer appropriate alerting tools in place to not only respond to the cyber attack but also to the "tailgating" events that occur that lead to theft of laptops and data within corporate environments.
With NRF wrapping-up a couple of questions linger, as they do whenever a great conference provides great content on how to protect organizations better. One of the closing presentations challenged us all to think differently about the way we protect our organizations. Traditionally, security systems respond to events as they occur or as a forensics tools to solving crimes.
The 7th annual Organized Retail Crime survey published by the NRF shows nearly 94% of the 129 retail companies surveyed were victims of ORC in the last 12 months, the highest number in history, with 13% of the ORC apprehensions leading to violence and 41% involved in "gateway crimes" including drugs, weapons and gang activity. The most notable finding was that 12% involved collusion between internal and external actors. Lastly, the overall feeling in the community, 84.8% believe ORC has increased over the last three years. For your copy of the survey ORC Survey - nrf.com
The Michaels Breach is one of several high profile stories in the news the last couple of weeks showcasing the sophisticated efforts of cyber and traditional criminals to steal data. Data that leads to fraudulent transactions that retail, banking and our overall economy must bear the cost in lost profits, increased prices or insurance premiums.
3VR is a video technology and data company that solves the challenges associated with video searchability, allowing customers to rapidly gather real-time intelligence from the unstructured video data that is produced by a single camera or a global network of cameras. 3VR uses analytics as the cornerstone of video search, and it enables both security and business intelligence applications from a single video management system (VMS). 3VR is the standard for hundreds of global customers in Financial Services, Retail, Government, Infrastructure and Hospitality. Learn more.