Has business theft increased over the years?

According to the most recent government figures, crimes committed against businesses have been steadily increasing. 

Whether damage to premises, theft of products or the rising threat of cybercrime, businesses owners have plenty to think about when it comes to security. 

Here, we’ll take a look at the most common threats to businesses and what can be done to prevent you from falling victim. 

What are common business crimes in the UK? 

Theft, burglary and shoplifting combine to show that these connected crimes make up the vast majority of crimes against businesses in the UK. 

Businesses that stock large amounts of products are a common target for criminals, who may look to steal these items and sell them illegally. 

Behind incidents of robbery came crimes such as assault and vandalism. 

Which industries are most at risk? 

As you might expect given the prevalence of robbery, businesses in retail and wholesale are the most commonly targeted, with almost half (42%) of all crimes against businesses reported by those in these sectors. 

With warehouses and storage centres housing large numbers of products, they must be properly secured to avoid becoming the target of organised gangs, while shops can be the target of professional and petty criminals alike. 

Agriculture, forestry and fishing are also high in the results, with each industry using heavy and expensive machinery that is commonly the target of thieves. 

How to reduce the risk of theft 

The chances are that your business could fall victim to theft in some way. If you’re a tradesperson, it’s common for tools to be stolen, while shops and storefronts are also popular targets among thieves. 

There are several key steps you can take to secure your premises and possessions properly to deter would-be thieves from impacting upon your bottom line. 

  • Risk assessment: Carrying out a proper risk assessment can flag up any blind spots in your premises or highlight situations that leave you vulnerable to falling victim to theft. 
  • Secure your premises: If you have large premises, then fences and gates will make access difficult, while something as simple as an electronic door entry system and CCTV feed can deter thieves in smaller shops. 
  • Communicate: Put up signage communicating that cash or items are not stored on your premises. This removes temptation on a thief’s part and means you can continue to operate with peace of mind. 

Explore more

Books on Cryptocurrencies and Blockchain Technology Worth Reading

Books on Cryptocurrencies and Blockchain Technology Worth Reading

You're diving into cryptocurrencies and blockchain technology, and these books are essential. 'Mastering Bitcoin' by Andreas M. Antonopoulos offers deep technical insights on Bitcoin's...
Office Desk

How to Personalize Your Office Desk for Comfort and Efficiency

Personalizing your office desk is essential for creating a workspace that enhances both comfort and efficiency. An organized and well-designed desk can boost productivity,...
Health

Prune Trees, Shrubs, And Flowers For Healthy Growth

Pruning is essential. It helps flowers, shrubs, and trees stay healthy and shaped. All plants need pruning at the right time. The ideal seasons...

One Click Away: Why You Should Buy Travel Insurance Online

We live in a world where convenience is given the most importance, whether it is a product or service. As the world moves towards...
Summer Survival

Summer Survival Guide: How to Stay Cool and Comfortable

With summer just around the corner, it’s safe to say that the days will become warmer as temperatures start to rise. It may seem...

How to Hire a General Contractor: Checklist and Tips

By Hovik Akopyan, General Contractor at Akopi Builders Introduction When embarking on a construction project, whether it’s a new build or a major renovation, the decision...
Crypto

Cryptocurrency Security: Shielding Your Digital Fortune

Embark on a journey to fortify your digital wealth in the realm of cryptocurrencies. From the rise of digital currencies to the evolving landscape...
5 Reasons Why You Should Hire A Roofing Company 

5 Reasons Why You Should Hire A Roofing Company 

When it comes to maintaining the integrity and longevity of your home, the importance of a sturdy, well-maintained roof cannot be overstated. However, problems...