TOTAL DOLLAR CRIME LOSSES FLAT IN 2017 CYBER-ENABLED LOSSES SOAR

New York, NY – March 20, 2018 – Jewelers’ Security Alliance has released its 21-page 2017 Annual Crime Report covering crime against the jewelry industry in the U.S. Total dollar losses decreased from $72.4 million in 2016 to $72.1 million in 2017, a decrease of .4%, while the total number of crimes against the industry increased from 1,245 in 2016 to 1,394 in 2017, an increase of 12.0%.

 

John Kennedy, President of JSA said, “This report summarizes the information on when, where and how these crimes occurred. Knowing the information in this report can help you keep your jewelry business safe from crime. JSA urges all jewelry firm owners and their employees to spend time reading and discussing this Report and examining the serious risks that your jewelry business faces.”

 

Highlights of the Report include the following:

 

*Reports of smash and grab robberies increased from 62 in 2016 to 71 in 2017, an increase of 14.5%. Over 50% of smash and grab robberies occurred in mall locations.

 

*Grab and run thefts increased from 420 in 2016 to 556 in 2017, an increase of 32.4%.

 

*Off-premises crimes, including traveling salesperson losses, fell to 39 in 2017, the lowest total in over 20 years.

 

*In 2017 JSA recorded a large dollar increase in cyber-enabled thefts by deception and impersonation. The average loss from this type of crime was over $1.2 million.

 

*There were five homicides of jewelers in 2017, compared to six homicides in 2016. In the ten-year period from 1996 to 2006, 82 jewelers were killed, while in the ten-year period from 2007 to 2017, 41 jewelers were killed, which represented a 50% decline from the previous decade.

 

Kennedy said, “While overall dollar losses were flat, JSA is particularly concerned about the upsurge in smash and grab robberies, a big jump in grab and run thefts, and some very large losses in cyber-enabled crimes which involved deception, impersonation and the internet. The average dollar loss from a series of cyber-enabled crimes was $1.2 million, which highlights this dangerous and growing crime trend that the industry increasingly faces.”

 

The full report is available on the JSA website at: https://jewelerssecurity.org/wp-content/uploads/2018/03/2017-JSA-Annual-Crime-Report.pdf

 

 

FOR FURTHER INFORMATION CONTACT:

John J. Kennedy, President
Jewelers’ Security Alliance
6 East 45th Street (#1305)
New York, NY 10017 USA
212-687-0328 or 1-800-537-0067
jsa2@jewelerssecurity.org
www.jewelerssecurity.org
www.stolenjewelry.org

 

The Jewelers’ Security Alliance (JSA) is a non-profit trade association providing crime prevention information and services to the jewelry industry. JSA, founded in 1883, has 20,000 member locations and works closely with the FBI and law enforcement agencies throughout the U.S.

Learn More About Jewelers Security Alliance

JSA fulfills its mission of informing and alerting jewelers about crime through frequent E-Mail Crime Alerts and print publications, a website, seminars and consulting activities.

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