Crime cost firms €1.48bn in 2010, up 10%

THE cost of crime to Irish business hit €1.48 billion in 2010 — up 10% on 2009.

ISME, the Irish Small & Medium Enterprises Association, said firms who took part in its national survey identified the recession as a key factor in the rising crime figures.

The association called for greater focus on this form of business crime, an area that has been neglected in comparison to other sectors of crime.