I am constantly analysing evolving threats, and one area demanding urgent attention from both businesses and individuals is cash handling. The most immediate danger is becoming an armed robbery target. This is because cash is a quick and easy target, and robbers often look for businesses and individuals they believe will provide a substantial payday.
Beyond the threat of confrontation, keeping substantial cash, whether in a business safe or a personal residence, creates an appealing target for internal theft by employees or opportunistic individuals. Additionally, in the event of a fire or other disaster, uninsured cash often becomes irretrievable, resulting in a complete and devastating loss.
To mitigate these risks, businesses and individuals can outsource cash handling to private security companies and other institutions through:
- Cash-in-Transit (CIT) Services: Secure transportation of cash and valuables between locations.
- Overnight Storage: Secure storage of cash and valuables outside of business hours.
- Banking and Valuable Storage Deposits: Secure storage of large amounts of cash or valuables in a secure facility.
By considering these options, businesses and individuals can reduce the risk of being targeted by armed robbers, protect themselves against financial loss and emotional trauma, and focus on their core activities, while leaving cash handling and security to the experts.
