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Despite soaring levels of economic crime, police forces are not fully utilizing the vast resources and expertise available in the private and not-for-profit sectors, warns a new report.

The study is published in the Journal of Economic Criminology.

Economic crime has reached unprecedented levels over the past decade, putting immense pressure on police resources already stretched thin by limited budgets and growing responsibilities.

Experts from Perpetuity Research and the Centre for Cybercrime and Economic Crime at the University of Portsmouth say law enforcement agencies are not taking full advantage of the specialized skills, knowledge, and manpower that exist within the private and not-for-profit sectors.

The private sector, particularly banks, insurance companies, and other financial institutions, employ thousands of professionals dedicated to anti-fraud efforts. Similarly, not-for-profit organizations offer specialized knowledge and tools that could bolster public policing efforts.

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