What was the total estimated loss to American businesses from crime in 1990 according to Hallcrest II?

The Hallcrest II report, which assesses the impact of crime on American businesses, estimated that the total loss due to crime in 1990 was approximately $141 billion. This figure provides valuable insight into the prevalence and financial implications of crime on the business sector during that time. The report highlighted various forms of crime, including theft, fraud, and vandalism, illustrating how pervasive and costly these issues are for businesses. Understanding this estimate helps in grasping the magnitude of the threat posed by crime to the economy and informs future prevention and security measures that organizations may consider implementing to mitigate such losses.