Downward trend in bank robberies continues

The number of bank robberies in Europe continues to decline according to data collected by the European Banking Federation. A total of 2,347 bank robberies were reported by the 32 countries that are represented in the EBF over 2013, 11% less than a year earlier.

A total of 175 attacks on cash-in-transit were registered, down 29 percent. The latest numbers confirm a downward trend for the fourth year in a row.  The 22nd edition of the EBF Bank Robberies Report provides EBF members with key statistics on attacks on banks across Europe. Despite improving figures overall, the report noted 1,301 attacks on ATMs, a 2.2% increase. However, the average amount stolen fell by 42% compared to the previous year. Overall, total losses due to robberies fell by 5% compared to 2012.  Developing counter-measures to protect banks and staff from attack are important for reducing the number and severity of robberies. With technological developments and the increased use of digital solutions, financial institutions are facing new challenges protecting themselves. Industry cannot act on its own and there must be adequate co-operation with law enforcement authorities in coping with these new challenges. With this in mind, the EBF and Europol signed a memorandum of understanding in September, aiming to intensify cooperation between law enforcement and the EU financial sector.

“Working in partnership with the relevant authorities is important for protecting against attacks. However, these threats are not only physical and the cyber-threat is increasing. Banks cannot act on their own to combat this threat,” said Patrick Borschette, chairman of the EBF’s Working Group on Physical Security.  In particular, the rise in online banking has created the threat of e-raids on banks. Electronic raids and theft of personal information are on the rise and require urgent attention from the banking sector and public security authorities.  This report on bank incidents is the annual outcome of the European Banking Federation’s Working Group on Physical Security. The report, which is a benchmark for the banking industry, is based on the contributions submitted by national banking associations and focuses on European countries.

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