White collar crime is steadily rising due, in large part, to our technologically advancing society. As everyone is relying on the increased use of cellular phone and computers, white collar criminals can more easily access personal and financial information.
Estimates have shown that 25% of households will be victimized by a white collar crime at least once in their lives. The average amount of money stolen in an armed robbery is just over $3,000; while an average white-collar crime can easily bring losses over $500,000.
Be aware! According to the FBI Uniform Crime Report, Property and Mortgage Fraud is the fastest growing white-collar crime. Depositories filed nearly 1.43 million suspicious activity reports last year, up almost 18% from 2020.