One of the greatest concerns of security operatives has been
providing efficient security for financial institutions. Obviously, over 50% of
robbery incidents and security breaches have directly related to banks and
other forms of financial institutions. Aside huge fatality rates, large sums of
money are also carted away in most of the cases.
Those ugly events were happening because of the financial method
of operation known as the Cash economic system. Under this system, raw cash was
the medium of exchange leading to high risk or exposure to unwanted elements
lurking around.
Of course, banks and large financial institutions were not
the only victims of security breaches and robberies. Human beings at ATM points
also got their fair share of theft, robberies and general security breaches. In
most cases, buglers would attack people in the open air, malls, streets etc.
All you need to do is just withdraw cash from your wallet and you are spotted
and attacked.
Most surprising is the fact that both the developed and
underdeveloped countries of the world are experiencing this problem almost on
daily routines. At some points, it became as if the police, security agencies
and the entire populace got used to the reoccurring attacks and it became
almost a second tradition.
It is heartwarming to know that the society is gradually
evolving and is beginning to adopt a robbery-proof financial system. The
cashless financial system is a platform whereby cash flow would be minimized
and instead, transactions would be paid for electronically. This means that no
one would be handling cash anymore rather credit and debit cards etc. this
means that bank robbers and money thieves would be completely out of job.
The cashless financial system would definitely
make for a better secured and well guarded monetary system. From its little
application here in Nigeria, it has shown to be a veritable and more secure
means of transacting business in a society like Nigeria. How much more the
other parts of the world, with all their technology and political will.
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