Corporate Crime - How Fidelity Bonds May Reduce its Impact on Your Business


The industry refers to employee theft as white-collar crime – or corporate crime. Corporate crime refers to financially motivated, nonviolent crime committed by professional or government employees. 

A statistical analysis of corporate crime tells us that these types of crimes are on the rise. Employee Theft, Fraud, and other types of corporate crime cost organizations nearly $400 billion every year. The average company loses $9 per employee per day, and most of these losses happen in businesses with fewer than 100 employees.  Businesses lose 20% of every dollar to Employee Theft.