Netwatch Threat Index Reveals:
- Over a third (35%) of Irish businesses fear they are likely to fall victim to crime.
- This is despite 91% of respondents feeling that their business is secure, implying a disconnect between security and crime fears.
- More than 50% of Irish businesses have not invested in any form of business security in the past six months – with 20% making no investment over the past two years.
- Burglary and Robbery are the most feared crimes for Irish businesses.
- 41% worry about the security of their business when they are away on leave.
- C-level employees are most likely to be concerned about the security of their companies.
Over one third of businesses in Ireland fear they are likely to fall victim to crime. This is despite nine out of ten Irish businesses (91%) feeling that their business is secure – implying that even though Irish businesses feel they are securing their premises, there is still a significant worry around crime.
This is according to new research commissioned by Netwatch Group, Ireland’s leading high tech security specialists, as part of their Threat Index of business crime in Ireland.
The Netwatch Threat Index is a biannual report aiming to raise awareness of business crime in Ireland, and gauge sentiment among Irish businesses in relation to crime.
Fear not leading to investment:
Despite a high number of businesses believing they will fall victim to a crime, there does not seem to be a huge amount of investment in business security. More than 50% of Irish businesses have not invested in any form of business security – either physical or digital – within the last six months. Even more concerning, 20% of Irish businesses have not made any investment in business security in over two years. This rises to 25% among smaller businesses (less than 50 employees).
Burglary and Robbery are key concerns
The crimes that Irish businesses are currently most fearful about are burglary and robbery (37%), followed closely by vandalism (24%). This is in line with Netwatch’s previous Threat Index Report, which showed that robbery and vandalism are two of the most frequent crimes experienced by Irish businesses. The Irish Small and Medium Enterprises Association’s (ISME’s) recent business crime survey* also lists ‘theft by outsiders’ as a prevalent issue – affecting 32% of respondents.
Mid-size companies are most likely to worry about burglary and robbery, with 45% of respondents from companies with 51-100 employees say they are fearful about these crimes.
A large number of respondents are also concerned about their business when they are not there, according to the Threat Index. 41% of the respondents surveyed admit that they worry about the security of their business when they are away on leave.
C-level employees are the most likely to worry about the security of their company, while business owners are less concerned – one quarter (25%) of c-suite employees think their business is ‘very likely’ to be a victim of crime, versus just 4% of business owners.