FinAi News

No products in the cart.

Subscribe
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
Log In
No Result
View All Result
  • Banking
  • Lending
  • Payments
  • Risk & Security
  • Strategy
FinAi News
  • News
  • AI News Tool
  • Data
  • Transactions
  • Events
    • FinAi Banking Summit
    • FinAi Lending Summit
  • Podcast
  • WEBINARS
    • Webinar Library
BAN PLUS
Log In
No Result
View All Result
FinAi News
No Result
View All Result

Bank Robberies Spike, Blame The Economy?

Identity Theft Speaker Robert SicilianobyIdentity Theft Speaker Robert Siciliano
February 18, 2009
in Archive
Reading Time: 3 mins read
0
Share on Facebook

Robert Siciliano

Identity Theft Expert-Speaker

Often I’m called to provide perspective on breaking news as it relates to personal security, violence and fraud. Tonight it was bank robbery. In Boston a white male suspect in his 20’s has robbed at least 4 banks since Feb. 3rd and two of those were done today within a few miles of each other.

In the first, he went up to a teller who was in training, startled, she said she did not have any money in the drawer and he left the bank without trying. Obviously he did not have an alternative plan.

Each time he has passed a note demanding money and implies a weapon, but no weapon is shown.

The local police department talked to the media about how more and more suspects are desperate because of the economy and not experienced bank robbers. They also said that a lot of them don’t care about the survelliance cameras or the jail time that they might face if caught. The FBI and local police departments are investigating these robberies.

In New York City Bank robberies have risen 54 percent compared with last year, with criminals committing more than 430 in the past year, according to the NYPD.

New Yorks Police commissioner was quoted saying “They’ve turned banks into cash machines”

Numerous studies certainly show crimes tends to rise when times are tough. Right now its pretty tough and getting uglier for many. But rob a bank? I know plenty of people who have hit hard times. I can’t think of one who had the epiphany “Today I’ll rob a bank”.

I saw a story recently about a guy who walked out of a grocery store and stole a full a cart of food to feed his family and was caught. He was quoted saying “it was worth the risk to feed my family”.

Illegal, wrong, understandable.

What’s more likely is people who are robbing banks have committed crimes before. Bank robbery is a desperate and aggressive act. Chances are this individual is like most, suffering from addiction, heroin, Oxy-contin, and is desperate for his next hit. People who rob banks have an equal amount of desperation and stupidity as they do huge balls.

Banks Robbers aren’t Robert De Niro in Heat or Jim Carey in Dick and Jane

I think it’s safe to say that while the economy may have people all jittery, you won’t see many executives from failed investment firms who were laid off go and rob a bank. This person hasn’t robbed four banks to pay his cable bill. He’s a mess.

These arent well thought out, rational, previously employed people. These are people who have been involved in criminal acts their whole lives and this is the next step for them.

I would gather that someone is doing a study somewhere and will conclude that in-fact there is a spike in robberies during hard times. We see the same thing around the holidays. People are emotional, they feel pressure and go a bit nutty.

Why not every bank on earth is equipped with an access control vestibule so criminals are prevented from entering with guns or trapped like this idiot

Robert Siciliano discussing bank robbers motivations Here

AddThis Feed Button AddThis Social Bookmark Button

Previous Post

Kicking It Down a Notch: Innovation Grows Small

Next Post

What’s Causing Today’s Bank Stock Declines

Related Posts

(Courtesy/Bank Automation News)
Archive

Lama AI wins fintech demo challenge at BAS

March 4, 2025
Courtesy/Grasshopper Bank
Archive

Grasshopper Director of Engineering & Platforms Andrew Braun to speak at Bank Automation Summit 2025

February 12, 2025
Courtesy/Canva
Archive

Q&A with LemonadeLXP CEO John Findlay on AI-driven knowledge management, training

January 9, 2025
Next Post

What's Causing Today's Bank Stock Declines

Please login to join discussion

EMERGING FINTECH DIRECTORY

Emerging Fintech Directory

FinAi Podcast

SPONSORED

Build an Antifragile Strategy to Outperform the Market

July 14, 2026

How AI and Product Experts Turn Fuzzy Requirements Into Focused Dev-ready Roadmaps

April 19, 2026

Is Your Technology Supplier There for You?

April 1, 2026

  • About Us
  • Help Center
  • Contact Us
  • Privacy Terms
  • ADA Compliance
  • Advertise

Connect

twitter linkedin podcast podcast podcast podcast
© 2026 Royal Media
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Unlock This Article

Create your free FinAi News account to access this article and stay informed on how AI is transforming financial services including banking, lending, payments, and risk.

Yes, I'd like to receive FinAi News updates, breaking news, and exclusive AI insights for financial services leaders.

Continue Reading with FinAi News Premium - Less than $2/Day

Upgrade to FinAi News Premium for unlimited access to news, insights, trends, and intelligence on how AI is transforming financial services including banking, lending, payments, and risk.
Upgrade to FinAi News Premium Subscription
No Result
View All Result
  • NEWS
    • All News
    • Banking
    • Lending
    • Payments
    • Risk & Security
    • Strategy
  • AI News Tool [Beta]
  • DATA
  • TRANSACTIONS
  • EVENTS
    • FinAi Banking Summit
    • FinAi Lending Summit
  • PODCAST
  • WEBINARS
    • Webinar Library
  • SUBSCRIBE
  • Log In / Account