Business crime on the rise

In addition, there has been an 18% increase in the cost of business crimes in the same period according to research conducted by Axa Insurance for its Business Crime Index.

These significant increases run counter to the 9% reduction in high street and general crime announced by the Home Office earlier this year.

As one of the largest small to medium-sized enterprise insurers in the UK, Axa said it believed this 18% increase was a robust indication of the rapidly rising cost of business crime