Criminals are ready to take advantage of every weak link in the physical flow of cash, with sophisticated attacks to vehicles and guards.
Automatisms, remote controlled accesses, sensors, and perimeter barriers: the protections adopted have moved and limited the danger in the last “pre-pandemic” years. How? The explanation through data collected by Schwegler Associated.
The supply of cash is a constant need in the market. Banks and post offices stopped holding banknotes and coins in their local branches a long time ago. By doing so, they moved the risk of theft to the security transport companies, and they also increased the need for cash supply, which is now on a daily basis. This concerns the whole Italian territory, with banks and postal offices moving money in or out or collecting cash. For some time now, criminals have identified this as a source of possible illicit collection of money. Some gangs have organized themselves with military means, such as the Kalashnikov and sometimes even explosives.
With the advent of the pandemic, the circulation of cash has drastically decreased. Therefore the exposure of the transport of valuables has changed accordingly. To analyze the risks of the sector it is appropriate to consider the data of the pre-Covid period as benchmark.
In 2019, 32 attacks were reported against cash in transit companies, compared to 29 in 2018. 24 attacks were successful with an estimated loss of about 4.5 million euros.