Insecurity has been a huge problem for many countries globally due to the negativity it impacts on the economy and the country’s population. Countries have put in place a variety measures at both national and international levels to combat insecurity with the United States acting as a leader in this regard as it seeks to ensure the safety of its population. While there are many threats to the security of the United States, I will focus on terrorism and crime especially white-collar crimes to determine which represents the greater threat to Americans.
According to the U.S. Code of Federal Regulations, terrorism is the use of violent force unlawfully to coerce a government or the civilian population. Cases of terrorism have become increasingly widespread globally with religious extremists posing an even greater threat to global security. However, the situation is different in the United States since there has been a reduction in terrorist attacks in recent times since the country law enforcement is better equipped to counter the threats. Significant resources have been allocated towards counter-terrorism, and this has aided in the nullification of the threat especially following the September 11 attacks with a total of 21 fatal attacks reported between 2001 and 2011. On the other hand, the Federal Bureau of Investigations defines white collar crime as fraudulent activities that are financially motivated and are mainly committed by business professionals. In this regard, statistics indicate that these crimes cost organizations in the United States an estimated $400 billion yearly with companies losing an average of 6% annually from their total revenue. Statistics also indicate that an estimated 5,317 out of every 100,000 Americans are arrested for these crimes.
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Based on the available evidence, white collar crimes is of greater concern to Americans compared to terrorism. Although it is impossible to argue against the magnitude of the threat posed by terrorist activities, adequate efforts have been put in place to protect Americans from the threat. The threat of white collar crimes is often overlooked, and this increases its cost to the American economy and its population.
