attacks on Cash in Transit operations are still taking place. Especially when the CIT officer moves from his vehicle to a customer location is a risk. Discouraging the criminal is crucial to reduce these types of attacks. The best way is to take away the expectation of a reward by unmistakably and irreversibly degrade the cash inside the cashbox. Cash degradation can be done with ink and with High Energy (heat). They both degrade the cash, but differ when it comes to unmistakebly and irreversibility.
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.