German ATMs keep getting bombed as criminals exploit cash preference

German ATMs keep getting bombed as a crime wave exploits the country's preference for cash

The German preference for physical currency may be costing the country dearly, as Europe's largest economy has seen an explosion in crime that features ATM bombings,While Germans have long favored buying things with cash instead of cards or other form of electronic payments, organized criminals have exploited this habit in the last few years.

That translated to 30 million euros that were stolen via ATM bombings last year, up 53% from a year earlier. Though no one has been seriously injured or killed during these bombings, they are not risk-free ventures, FT wrote. The German response has been largely fragmented. Efforts to implement effective ATM and law enforcement standards are diluted by the fact that Germany has over 1,500 lenders, while each province leads its own policing task force.

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