On February 14, 2025, an armored truck was ambushed by three masked individuals wielding assault rifles outside a First Horizon Bank in Memphis, Tennessee. The assailants targeted an ATM service worker during a cash replenishment operation, seizing multiple containers of money before fleeing in a white Nissan Altima.
The vehicle was later recovered by authorities, but the suspects remain at large. The Memphis Police Department is actively investigating the incident and urges anyone with information to contact Crime Stoppers.
This event underscores the vulnerabilities associated with ATM cash replenishment processes. To mitigate such risks, financial institutions and security companies are exploring advanced protective measures.
One such innovation is GlueFusion, an Intelligent Banknote Neutralisation System (IBNS) that renders cash unusable if unauthorized access is detected. This system aims to deter criminals by eliminating the potential reward, thereby enhancing the security of ATM operations.
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