The holiday season is a boon for porch pirates: here's how to combat them

Published On Dec 3, 2024, 6:00 AM

The holiday season in 2023 saw an alarming increase in package theft, with estimates indicating that thieves stole around $16 billion worth of packages. The number of theft incidents daily could exceed 325,000. Thieves have become more sophisticated, even using technology to locate and steal packages soon after delivery. With the surge in online shopping during the holidays, experts expect a rise in porch piracy. Measures like insurance for stolen packages, pickup options from retailers, and community support systems are suggested to combat this issue.

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During the holiday season, the increase in online shopping and package deliveries correlates with a rise in theft, which could boost demand for security solutions and related services. Companies that offer package insurance, advanced delivery systems, or smart security cameras may benefit from this trend. The market for such protective technologies or services is likely to grow as consumers become more concerned about theft.

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