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US Jewelry Crimes Rise to 1,394 in 2017
Mar 21, 2018 10:32 AM
By Rapaport News
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RAPAPORT... Increases in cyber theft and smash-and-grab robberies are contributing to higher crime levels in the US jewelry industry, the Jewelers’ Security Alliance (JSA) said
in a report last week.
The total number of jewelry crimes reported to the JSA
rose 12% to 1,394 in 2017, with smash-and-grabs climbing 15%.
Cybercrime groups are growing in sophistication and becoming savvier,
the JSA noted. While total losses from all types of misconduct decreased 0.4% to $72.1 million, the cost of cybercrime to the industry grew. The average loss from cyber-theft incidents came to $1.2 million.
“In 2017, JSA recorded a large dollar increase in cyber-enabled thefts by deception
and impersonation,” the report said.
US losses from off-premises crimes — those targeting traveling
salespeople, show exhibitors and couriers — increased 39% to $18.1
million. The highest totals were in California, Florida, Illinois and
New York.
Cybersecurity and theft prevention have come under the spotlight
ahead of the Baselworld show in Switzerland, which begins this week. Every
year, thieves monitor social media to help target exhibitors, security firm ISPS said last week.
Image: Jonn Leffmann
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Tags:
Baselworld, crime, cyber crime theft, cybercrime, ISPS, Jewelers’ Security Alliance, Jewelry, JSA, Rapaport News, Switzerland, US jewelry industry
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