When talking about cash-in-transit robberies, images from money heist movies may come to mind. CIT heists in movies are mostly portrayed with explosions and shoot-outs. These may look exaggerated but, in reality, CIT robberies can truly inflict great danger to the drivers, couriers, and the business itself. In this article, we take a look at attacks on CIT operations that occurred around the globe in 2020.
In many countries, attacks on Cash in Transit operations are still taking place. While there are many solutions that should eliminate this scenario for good. Rather than fighting criminals' capabilities, we should fight their motivation. And that starts with removing the expectation of a reward. We believe in the power of cash degradation, which is why we'll delve into this in this whitepaper. How do you choose the best cash degradation solution for your operation? We will guide you through all the choices you will have to make.
In previous articles, we wrote about the differences between the available cash degradation solutions (IBNS, or Intelligent Banknote Neutralisation Systems) for ATMs. In addition to the aforementioned differences, like the applied degradation liquid and the means of operation, the price of these solutions will also differ. How come? And what do you need to take into account when choosing a cash degradation solution?
IBNS use ink/dye, glue or a combination of the two. But how about the safety of these systems for e.g. the ATM servicing crew? That depends among others of the built in precautions to prevent misuse. To assess exactly how safe an IBNS is, you could ask four questions.
Rather than having different manufacturers trying their best to come up with just a piece of the puzzle that is ATM Security, we see the need for a total, integral concept. Irreversibly degrading the cash inside the ATM (no cash, no crime) is a great starting point, but we can do more to discourage criminals to attack ATMs.
Banknotes immediately lose their value, if you can’t pay with them. In previous articles, we wrote about the two available types of cash degradation and compared them according to two important critical success factors: ambiguity and reversibility. In this article, we zoom in on the need for an effective activation mechanism and the differences in the available options today.