The ATM Industry Association (ATMIA) has released a new security guide with 128 best practices for armored carriers.

“We are in an industry in need of change,” said Mark Lowers, President of Lowers & Associates. “Without meaningful security improvements among armored carriers, the temptation for theft will continue to grow, leading to more and more losses that the industry simply cannot continue to sustain. Implementation of these best practices will add a major hedge of protection around the ATM industry.”

Tom Stevenson, [President and founder of Cash Connect], said he has been pleased so far at the positive response from armored carriers, many of whom are also facing heavy insurance premium increases and recognize the need to strengthen security measures. “Most armored carriers recognize that significant changes need to be made in order for underwriters to gain confidence that the upward trend in losses will be reversed.” said Stevenson, who travelled to London in January to meet with insurance underwriters, pledging a push for major security improvements in the US armored carrier industry.

Email the ATMIA for a copy of the guide.