The CIT Industry: Robberies Are Down, But Violence Is Up

By Lowers & Associates,

A spate of recent heist movies feature armored car robberies for a reason – violent action and high drama – with the villains taking big risks for a huge payout. The filmmakers certainly get it right when it comes to making movies that keep you on the edge of your seat.  However, the CIT industry loathes Hollywood’s depiction of armored vehicle attacks and bank robberies.  In reality, lives and property are put at risk and there usually are no happy endings.

Use of Force: Armored Cars v. Banks

Robbery statistics reviewed over the last ten years clearly show that armored car robberies are extremely violent when compared to bank robberies.  Although vastly more common, in traditional bank robberies an act of violence occurs on average 4% of the time, a figure that has remained relatively flat over the last decade.  Comparably, from 2004 to 2012, per the chart (below), an annual average of 43% of armored car robberies involve a violent act as the final outcome. … Continue reading