Business crime up 10% for second consecutive half-year
The latest figures in the Axa Business Crime Index has shown a rise in arson, malicious damage and forcible theft, which increased 10% for the second consecutive half-year (to end 2008), suggesting the increase could be recession related.
The actual cost of crime, however, has remained stable, even though businesses are more likely to become a victim of it. Around one in fourteen (7%) has been targeted in the last year and Axa said it believes this figure will likely increase.
Malicious damage and arson have risen most significantly, up 14% and 23% respectively. Additionally, while the value of forcible theft claims has gone down 12%, breaking and entering crimes has increased by around 13% with around 4% of businesses having
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