The stereotypical perception of crime in our everyday lives tends to be that of street crime, which is both visible and threatening. Nevertheless, white-collar crime may actually present a greater cost to society. A recent estimate by the National Fraud Authority (NFA) reported that the cost of fraud in the UK in 2008 could have been as high as £30.5 billion, an average of £621 per adult.
There are a number of possible reasons why white-collar crime is not seen as a typical, everyday crime. White-collar crime does not usually involve physical violence or take place in public places. Nor does it have the element of danger sometimes associated with the more traditional forms of street crime. Indeed, white-collar offenders do not look like criminals in the traditional sense and they usually have different social backgrounds, education and jobs.
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