Awareness on the impact of crime in business
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Answer:
Crime causes increase in health costs of employees directly due to injuries or stress. Crime also has psychological effects by reducing motivation and causing depression for business owners. After an incident, 41 percent of business owners reported depression and loss of motivation to work.
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Shocking figures reveal effects of crime on businesses
By Security News Desk | August 6, 2015
Shocking figures reveal effects of crime on businesses Take No More
Shocking figures reveal effects of crime on businesses
Over half (51 percent) of small and medium sized businesses in the UK have been targeted by crime, costing owners up to £25m – or £2,625 for every crime.
The study of 500 small to medium business owners, commissioned by independent charity Victim Support and security firm ADT, found that businesses are being repeatedly targeted by criminals which is causing them to lose up to 151 days of trading over the lifespan of the business.
Over a quarter of businesses that were targeted were victims of burglary (27 percent), while 24 percent suffered theft from an outsider. Shockingly, the study also found that one in five (19 percent) business owners are targeted by theft 20 times or more across the lifespan of their business.
19 percent of the 500 small and medium business owners who were surveyed had suffered from vandalism, with businesses targeted by crime of this nature an average of nine times.
The impact of crime on trade and staff morale is vast, with the majority of owners suffering emotional distress (69 percent), experiencing lost income (42 percent) and fearing that they will become a victim again (33 percent).
Wholesale owners felt particularly vulnerable to crime, with over half (52 percent) worried that they would be targeted again and over a quarter (26 percent) concerned about the security of their business.
Meanwhile, the majority of businesses (75 percent) did not have the necessary security precautions in place until after they had suffered commercial crime.
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