The cost of organised crime is now greater than the cost of terrorism, according to the National Crime Agency, according to this BCC News report.
Organised crime involves international gangs who traffic people and drugs and engage in cyber crime. The annual cost to the UK economy is estimated to be around £34 billion a year.
While this might surprise non sociologists, this should be of no surprise to sociology students: while terror attacks are very dramatic, this also makes them very news-worthy, and they do tend to be reported whenever they happen. However, these attacks are relatively rare.
In comparison, the kinds of crimes which organised crime gangs are involved in are more hidden, more low-key, and, frankly, more day to day. This is because these gangs may be organised on an international (or possibly regional?) level, but they have networked into various local neighborhoods in Britain’s towns and cities, linking the small scale local drug deal to the large international drug-cartel.
Having said that, the National Crime Agency deals with A LOT of different types of crime: as outlined below…
Thus IMO it’s not really fair to compare the cost of ALL of these to the costs of just terrorism.
HOWEVER, if we forget (the rather silly) comparison mentioned in the news what the NCA’s 2018 strategic assessment document (I can’t link to it because, ironically, my PC thinks the NCA’s web site is insecure!?!) shows us is the truly global nature of seriously organised crime.
For any student wishing to understand more about the scope of global crime, and why it’s so difficult to police, you should check out the work of Misha Glenny.