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Reducing risk through effective security measures is at the top of any business's list of priorities, but its importance in the financial industry goes without saying. While phishing, identity theft, malware and hackers are capturing the headlines, physical threats to Financial Institutions (FIs) are steadily rising, propelled by the economic downturn. The Federal Bureau of Investigation's (FBI) most recent bank crime statistics report 7,272 thefts against federally insured FIs in 2006 - up from previous years - resulting in more than $70 million in lost cash, checks and property. Acts of violence and use of firearms are also on the rise, according to the FBI, and the most likely targets are branch offices of metropolitan banks.
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