business crime

Breaking In

Rise in Crime Against Business

New figures show a 10% increase in crimes committed against businesses in 2008, and an 18% rise in the cost of business crime. The figures, collected by AXA Insurance for its annual Business Crime Index, show robberies and hold–ups in businesses up 33.3% from January to June this year compared to the same period in 2007. Arson rose 18.7%, while the most common crime committed against businesses, breaking and entering, increased by 14.9%. Doug Barnett, head of customer–risk management, warned: “The increase in business crime is likely to get worse as the economic downturn continues, particularly where prices for certain goods are increasing.” The report also shows that crime costs have soared – the cost of a forcible and violent entry, up 9% in frequency, rose ... »