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Employee theft cost US businesses an average of $1.13 million in losses, according to 2017 Hiscox Embezzlement Study™

Hiscox, the international specialist insurer, today released the 2017 Hiscox Embezzlement Study™, an examination of employee theft in the US. The findings reveal that US businesses impacted by employee theft lost an average of $1.13 million last year. Small and mid-sized companies (fewer than 500 employees) continue to be disproportionally victimized by employee theft, representing approximately 68 percent of cases.https://globenewswire.com/news-release/2017/08/23/1091456/0/en/Employee-theft-cost-US-businesses-an-average-of-1-13-million-in-losses-according-to-2017-Hiscox-Embezzlement-Study.html

 

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