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What is the average loss resulting from an ATM robbery?

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Final answer:

The average loss from an ATM robbery includes cash theft and additional costs for repair and security, varying widely by incident. The financial industry, including banks and credit unions, experiences significant security challenges, with some banking assets concentrated in a few large banks.

Step-by-step explanation:

The average loss resulting from an ATM robbery can vary significantly depending on the circumstances of each crime. It can include not only the loss of cash but also the costs of repairing or replacing the damaged ATM, the associated investigation, and security measures taken afterward. While specific figures for ATM robberies are not provided here, it is important to note that financial institutions, such as banks and credit unions, face various security threats. This includes not only physical theft but also cybersecurity issues, like the large-scale credit card data breach at Target in 2014. Institutions have faced increased pressures and setbacks due to the bank failures and mergers between 2007-2009, and incidents such as the Target security breach can lead to significant financial loss and a loss of trust from consumers.

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