AXIS INSURANCE SERVICES, LLC: The Commercial Crime Insurance Specialists
Companies across the United States lose upwards of $40 billion annually due to employee theft. From taking home office supplies to devising elaborate embezzlement schemes, the types of crime committed are wide-ranging. It’s estimated that 80% of workplace crime is carried out by an employee, with one in four workers either having committed or witnessed workplace fraud or abuse.
Additionally, cyber fraud has further complicated the potential for fraud and criminal activity for all types of businesses. Bank accounts can be compromised by experienced hackers and novices alike to tap into a company’s assets via fraudulent wire transfer schemes as well as employee theft.