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BusinessLive reports that the cash-in-transit (CIT) industry is to launch an association that will co-ordinate efforts to counter the “unacceptably high” levels of violent attacks.
“We expect greater co-ordination will lead to standardisation in the training of personnel, better collaboration in sharing information relating to attacks and the methods used by crime syndicates, and faster co-ordination in response to attacks on vehicles across companies,” SBV CEO Mark Barrett indicated. This could also possibly lead to standardisation of “cross pavement” values, with the riskiest leg of the movement of cash relating to the value or amount of money personnel carry on foot from the vehicle to the client’s place of business. According to SBV, 44% of all CIT attacks occur in this leg. While lower values are more advantageous from a loss perspective, it means more trips must be undertaken by personnel and that means vehicles remaining stationary for longer — which increases risk. SBV will be one of three founding members of the association alongside the industry’s two other largest companies, Fidelity and G4S. The number of attacks on CIT vehicles and personnel have been on a downward trend since October and November 2017 when more than 30 attacks were carried out. Explosives were also used for the first time to blast open vehicles, leading to more brazen attacks. The CIT sector is thought to employ about 7,000 people.
- Read the full original of the report in the above regard by Warren Thompson at BusinessLive
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