In 2016, OSHA reported 1,100 injuries and 37 fatalities resulting in workplace violence. While, workplace violence is often broken down into four categories; (1) pure criminal intent, (2) client/customer incidents, (3) employee-to-employee incidents and (4) personal relationship or domestic violence incidents there is one predominant industry that incurs all for types. As studies have shown, the result are often lethal.
Why is the finance industry at risk?
Money and access to it drive many types of behaviors that can lead to criminal activity but can also cause otherwise good citizens to out-of-character and sometimes desperate behavior. Because finance industry employees particular bank personnel is dealing extensively with the public there is always the risk of individuals who are particularly aggressive over fees and account balances. In extreme cases bank employees are faced highly stressed conditions that counts as workplace violence in the event of a bank robbery.
Each year according to the FBI, there are over 5000 bank robberies. The bank designation includes commercial banks, mutual savings banks, savings and loan associations, credit unions, and armored carrier companies. Branch offices and the bank counter are the number one targets when robberies are carried out. When one considers 50 states, that is 100 bank robberies per state or a bank robbery every 3 days in every state.
Acts of violence are committed in 30% of these robberies. Over 50% of the time there is a discharge of a firearm leading to injuries in 30% of all incidents and a 5% fatality rate.
What can you do?
The best thing to do is to acknowledge that the finance industry is at risk and to periodically assess potential threats and/or vulnerabilities. Consider having an assessment conducted by professionals who can do the following:
- Review other threats/methods at other financial institutions in your geographical area.
- Review internal security and surveillance procedures/process.
- Conduct training/education for all of your banking employees every 12-18 months.
- Conduct reality based training for active shooter incidents.
- Perform periodic safety audit.
Has your company developed a plan and prepared your employees for a potential lethal event that would have devastating and life treating consequences? Now is the time to collaborate with professionals who have first hand experience. Click here to contact us.