The loss of critical assets in public sector operations triggers a cascading effect of costly service delays, safety violations, and wasted labor.

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Missing Assets, Mounting Costs: The Public Sector Theft and Loss Report

Key Takeaways:

  • Agencies without tracking solutions self-report an average annual loss of $4.5 million due to missing and stolen assets.
  • Equipment valued under $10,000 accounts for nearly two-thirds of total annual theft and loss expenses.
  • Locating a stolen high-value asset takes an average of 18 days.
  • 65% of agencies say a missing critical asset caused a significant shutdown or delay in the past 12 months.
  • Agencies that track the majority of their assets are roughly 8x more likely to recover stolen equipment within the first five days.