The UK retail industry suffers from both the reputational and financial impacts of crime levelled against it, which in financial terms cost £660m in 2015-16. This year’s survey highlights the growing problem of fraud and cyber-crime, which in light of the acute threats facing retail companies now represent major security priorities for the BRC. Some striking variances can be observed since last year, with cyber-attacks and violence rising as highest priority issues; 50% of respondents cited cyber-attacks as one of the most significant future threats. The data supports the well-versed mantra that the UK’s business crime landscape is evolving rapidly.
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