Kings Security has been selected to manage and host the intelligence database for SaferCash, the intelligence sharing initiative aimed at reducing the number of attacks on cash-in-transit couriers, banking establishments and ATMs.
This prestigious contract, effective as of February 2017, will see Kings take responsibility for the management of a highly sensitive and complex database on behalf of SaferCash, a unique nationwide security initiative which records and shares information on the activity of Organised Crime Groups in order to facilitate the effective sharing of intelligence between couriers themselves, the wider cash-in-transit industry and police forces nationwide.
Established in 2005 and operated by the British Security Industry Association (BSIA) – the trade body representing the UK’s private security industry – SaferCash offers couriers intelligence on any offences where Organised Crime Groups (OCGs) are active across force and regional boundaries. Pulling together all of this intelligence, SaferCash can help to facilitate early police intervention and ultimately result in a reduction in crime and losses. As the sole security initiative of its type, SaferCash currently consists of 17 cash-in-transit companies, five major banks and building societies and the two largest ATM providers in the UK.
Rob King, Head of Strategic Engagement, Kings Security said: “Winning the SaferCash business is significant for Kings and brings great kudos. A well-respected and effective security mechanism for cash and valuables-in transit vans as well as to major financial institutions within the UK, Kings will use its considerable industry expertise, gleaned in part from the development of the Kings Intelligence System [KIS], to host SaferCash intelligence and incident management.”
Remote crime reporting
“The multi-faceted web based portal has a broad range of functionality which allows users to collate, analyse and disseminate intelligence fast time along with risk management and remote crime reporting.”
Steve Hurst, Head of SaferCash, added: “Kings Security have demonstrated that they are a key player in the collation and utilisation of intelligence to drive down crime. It has a real synergy with SaferCash. This collaboration will enable SaferCash to build on an already excellent service with enhanced service delivery both to members and the Police Service which ultimately will prevent and reduce criminality.”