Printer Friendly

Small firms not reporting crimes, says FSB.

MANY small firms are not reporting crimes against their business because they do not think it will lead to a successful prosecution, new research suggests.

A survey by the Federation of Small Businesses (FSB) has found that more than a third of firms would not report crimes, suggesting low levels of trust in the criminal justice system.

The figure on the number of firms not reporting offences has not changed in six years, highlighting an ongoing lack of confidence in the system, the FSB said.

FSB national chairman Mike Cherry said: "While the new defi-nition of 'business crime' adopted by the police in April 2015 is a real step forward, there is still a long way to go in understanding and addressing the true extent of the problem.

"Crime affects all businesses, but it impacts smaller firms the hardest as they cannot absorb the unexpected costs. The fact that businesses are not reporting crimes shows a real breakdown in trust and confidence in the police."

Other responses from business owners explaining why they did not report business crime included the belief that police would not be able to find the criminals or achieve a successful prosecution (38%), and that reporting crime was too time consuming (26%).

The FSB research also found a third of small businesses thought business crime was increasing.

Two thirds (66%) of those surveyed by FSB have been a victim of cyber crime in the last two years, just under half (48%) have been a victim of non-cyber crime, and 53% have been a victim of both.

No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2016 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Business
Publication:The Journal (Newcastle, England)
Date:Mar 23, 2016
Previous Article:Admission sees Sports Direct shares tumble.
Next Article:Innovative recruitment at LEP.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters