Heavy equipment theft is not only a growing problem in the United States but a costly one. The National Equipment Register estimates that the annual associated price tag is between $300 million and $1 billion.With members of organized crime rings involved in many of these heists, it is becoming increasingly difficult to recover items that have already gone missing. The National Insurance Crime Bureau — a not-for-profit organization that partners with insurers and law enforcement agencies to combat insurance fraud and crime — estimates that the recovery rate is less than 20 percent.Because of this, prevention is not only important
