Criminals Give Up on Robbing Banks and Head for the Internet

The FBI is leaving more bank-robbery investigations to local police now that bank holdups in the U.S. are on the decline, says the Wall Street Journal. Bank robbers stole $29.5 million, or $7,600 per heist, in 2012, down from $107 million, or $12,400 per crime, in 1997. Would-be robbers are responding to tighter security in banks, tougher sentences for offenders, and the allure of easy money in internet crime: The American Bankers Association estimates criminals netted $1.8 billion in check and debit-card fraud in 2010.

Source: Harvard Business Review-Today's Management Tip was adapted from Crime That No Longer Pays

Nick Kalikajaros 2017