Why is crime reporting so low in major industries?

Crime reporting is notably low in major industries primarily due to several business and reputational concerns. Companies often fear that reporting a cybercrime will expose their vulnerabilities, leading to a loss of public and customer confidence. They are also concerned about potential drops in stock prices and competitive disadvantages if such incidents become public. Additionally, some organizations believe that law enforcement agencies may not be equipped to effectively recover losses or apprehend the perpetrators. This often leads companies to attempt to resolve incidents internally to minimize public exposure. This phenomenon is discussed in detail in sources like the Guide to Computer Network Security by Joseph Migga Kizza, particularly in its examination of computer crime statistics and motivations behind underreporting.