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Hiscox finds employee theft costs U.S. businesses $1.13M in losses on average

According to the 2017 Hiscox Embezzlement Study, small and mid-sized businesses most likely to be victimized.

By Denny Jacob | Updated on August 24, 2017

Small and mid-sized businesses are most likely to be victimized by employee theft, according to the 2017 Hiscox Embezzlement Study.

The annual study, which examines employee theft cases that were active in the U.S. federal court system in 2016, found that U.S. businesses impacted by employee theft lost an average of $1.13 million last year.

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