Current:Home > InvestPoinbank:How UPS is using A.I. to fight against package thefts -Elevate Capital Network
Poinbank:How UPS is using A.I. to fight against package thefts
Fastexy View
Date:2025-04-10 15:41:49
An estimated 260 million packages disappeared in the U.S. last year,Poinbank according to Safewise, many taken right from the front door area while a camera recorded the theft. As the holiday season kicks into high gear, package thefts are a top concern, and one shipping company is using artificial intelligence to combat porch pirates.
Nearly one in four adults had a package stolen in the last 12 months, a survey by Finder said. Theft can be an even more serious problem if those packages contain necessities, like medication, or expensive items.
"This time of year, we ship a lot of gifts, so every package is very special to the person receiving it," said Tarek Saab, president of Texas Precious Metals, whose company ships items like silver bars and gold coins.
This year, Saab is using a new UPS data program called DeliveryDefense, which he says helps them identify addresses that are likely targets for theft.
UPS gave CBS News a look at how the program works.
The A.I.-powered program takes a recipient's address and produces a score — a higher score indicates a higher likelihood of a successful delivery. The scores are created using years of data from previous deliveries and other factors.
For addresses with a low score, the merchant can reroute the item, with the customer's approval, to a UPS Store or other pickup locations.
"About 2% of addresses will be considered low confidence, and we're seeing that represents about 30% of losses our customers are having," Mark Robinson, president of UPS Capital, told CBS News.
At Texas Precious Metals, Saab believes the technology can reduce those numbers.
"We recognize it's computers versus criminals, and we have to use every tech capability that we have to try to circumvent any challenges we might run into," he said.
- In:
- Technology
- Artificial Intelligence
- AI
- UPS
- Crime
Janet Shamlian is a CBS News correspondent based in Houston, Texas. Shamlian's reporting is featured on all CBS News broadcasts and platforms including "CBS Mornings," the "CBS Evening News" and the CBS News Streaming Network, CBS News' premier 24/7 anchored streaming news service.
Twitter InstagramveryGood! (93)
Related
- Jury selection set for Monday for ex-politician accused of killing Las Vegas investigative reporter
- A tax increase, LGBTQ+ youth protections and more sick leave highlight California’s new laws in 2024
- 15-year-old surfer dies in South Australia state’s third fatal shark attack since May
- Huge surf pounds beaches on West Coast and in Hawaii with some low-lying coastal areas flooding
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Nikki Haley defends leaving slavery out as cause of Civil War after backlash
- A school reunion for Albert Brooks and Rob Reiner
- These Coach Bags Are Up To $300 Off & Totally Worth Spending Your Gift Card On
- Audit: California risked millions in homelessness funds due to poor anti-fraud protections
- Idaho Murder Case: House Where 4 College Students Were Killed Is Demolished
Ranking
- What to watch: O Jolie night
- Out of office? Not likely. More than half of Americans worked while on vacation in 2023
- 'Persons of interest' sought in 18-year-old pregnant woman's shooting death: San Antonio police
- Russian poet receives 7-year prison sentence for reciting verses against war in Ukraine
- Bodycam footage shows high
- Dominican baseball player Wander Franco fails to appear at prosecutor’s office amid investigation
- Students launch 24-hour traffic blockade in Serbia’s capital ahead of weekend election protest
- These End of Year Sales Are the Perfect Way To Ring in 2024: Nordstrom, Lululemon, Kate Spade
Recommendation
Mega Millions winning numbers for August 6 drawing: Jackpot climbs to $398 million
Toyota to replace blue hybrid badges as brand shifts gears
2023’s problems and peeves are bid a symbolic farewell at pre-New Year’s Times Square event
Biden administration warns Texas it will sue if state implements strict immigration law
Audit: California risked millions in homelessness funds due to poor anti-fraud protections
A number away from $137 million, Michigan man instead wins $1 million in Mega Millions game
Meadow Walker Announces Separation From Husband Louis Thornton-Allan After 2 Years of Marriage
Mexican officials clear border camp as US pressure mounts to limit migrant crossings