More than half of UK SMEs have been victims of crime, which collectively end up costing business owners £25m – or £2,625 for every incident, according to research from Victim Support and security firm ADT.
Victim Support surveyed 500 small to medium business owners and found that businesses are being repeatedly targeted by criminals, causing them to lose up to 151 days of trading over the lifespan of the business.
“Business crimes are not victimless – owners and staff often put their life and soul into their work. These crimes are taken personally and can have a devastating impact emotionally and financially on victims, just like any other crime,” said Karen Froggatt, director of Service Development and Standards at Victim Support.
Froggatt went on to say that victims of such crimes need support and that they should not hesitate to get in touch.
“This new research shows the shocking scale and impact that crime can have on small and medium businesses and disappointingly, the figures show that there is a strong possibility that it could happen again,” said Gail Hunter, a spokesperson at ADT.
Victim Support is currently working with ADT on the ‘Take No More‘ campaign that aims to help tackle burglary in England and Wales. It runs free crime prevention schemes for householders and business owners, increase awareness of support services for burglary victims, and campaign to ensure that those victims get justice in court.