GPS Tracking a Vital Part of Armored Car Industry
Wednesday, January 6th, 2010In order to protect one’s assets and rein in insurance costs, it is often necessary to outsmart a would-be thief. This could not be more true in the case of armored cars, known by some as the “cash transport industry,” one of the most vulnerable privately-run businesses imaginable, with a huge potential for loss.
Armed guards and an impenetrable bulletproof outer shell on the vehicle were the earliest attempts at safety for the armored car. This has been true for about a century. But to be sure, they are not the only precautionary measures.
What security steps are taken in armored cars today, to protect their precious cargo? You might be surprised at the innovative ways we are securing our “money in transit.” GPS tracking devices are part of the arsenal.
Paul Jaworski, a Polish-American immigrant, masterminded the first successful armored car robbery in 1927 in Pittsburgh, Pennsylvania. Jaworski’s gang buried an explosive in a dirt road and detonated it under the vehicle. They made off with about $100,000.
Jaworski would not be so lucky today, given the state of technology. It’s very difficult to pull off an armored car robbery. The FBI says only about 40 robberies from armored cars occur each year. Comparatively, there are about 7,000 robberies a year of financial institutions. (more…)
