The £300m Hatton Garden Safety Deposit jewel robbery could provide a boost for those security resellers with skills in CCTV.
The business case for upgrading aging security camera systems has become easier to make following the central London heist.
Details of the crime, which netted the criminal gang millions, continue to emerge but it is clear that although the robbery was undertaken in full view of CCTV cameras these were not monitored externally.
An alarm that was activated on Good Friday was ignored by police and even drilling heard in the small hours by neighbours did not arouse suspicions.
James Wickes, CEO of Cloudview, whose company sells ‘cloud circuit’ surveillance, believes the robbery will have focused attention on the weaknesses of corporate security.
Media coverage of the Hatton Garden robbery has exposed how security guards and police failed to respond to alarms. Meanwhile, the closed circuit nature of security TV footage ensured that no other parties were able to check the footage to verify that the alerts were genuine.
The storage of security footage on a digital video recorder on the premises – the theft of which removed all security footage - was an error of Titanic proportions, said Wickes.
“The sinking of the Titanic could have been prevented if the look-out man had a pair of binoculars. If the technology is available and it’s not expensive, I’d say it’s a dereliction of duty not to invest in it,” said Wickes.
According to Wickes, the fact that all video was recorded on one DVR suggests that no more than 30 CCTV cameras operated on the premises. A £100 Cloudview gadget on each camera would have converted the entire estate into a cloud friendly security system, he claimed.
A ‘cloud view’ would have enabled the police and other agents to view the interior and see that a robbery was taking place. The robbery will make it easier for all security resellers to make their case for IP cameras, said Wickes.
“For the want of £3,000, they have now lost £300m,” said Wickes. “It’s crazy. It’s like buying a cheap parachute, but many companies do skimp on security cameras as they can’t see the cost benefits – until something happens.”
Over the past few years there has been a fair amount of convergence between the physical and data security worlds with distributors and vendors, like D-Link, adding CCTV products to their portfolios.