Banks are considered to be number one in using security cameras due to their sensitive image in front of their customers and also in front of the government. All banks use security cameras for many reasons, so let’s see what are the pros and cons of using security cameras at Banks?
First of all, let’s check out the Pros:
• Prevent robberies:
The first robbery incident in the US history had happened at the Bank of Pennsylvania at Carpenters' Hall during the night of Saturday, August 31 or the morning hours of Sunday, September 1, 1798 with an enormous sum of $162,821 had been taken from the vaults of the bank. So with the firing improvements in technology, anything can’t be hard no more. The high-risk practice of bank robbery is one that will always be enticing to criminals. Banks are the institutions that store our money after all. But the proper surveillance setup can help in deterring such crimes along with providing useful images of offenders in the act.
• Monitoring ATM & Bank Lobby:
Standard camera / lens combinations require 2 or 3 cameras with different lenses and a corresponding number of DVR inputs. This means a 16 channel DVR could be required for a typical installation with 2 or 3 entry and exit lanes. Unfortunately this many cameras will typically exceed the Owner's budget resulting in a compromise that reduces the camera count and quality of images recorded. (The solution is using Intelligent Megapixel IP cameras with video analytics such as motion sensing, facial recognition, and behavioral recognition can be used effectively to identify suspicious or abnormal activity in and around banking areas.
• Remote Access:
Remote access is often a key factor when choosing a security camera.
The ability to monitor a location remotely is a huge benefit for most and is often the main reason for selecting an IP camera. IP surveillance allows for remote monitoring of live and archived video footage from any computer with an Internet connection and access to the network.
• Check fraud:
Check fraud is one of the largest challenges facing businesses and financial institutions today. With the advancement of computer technology it increasingly easy for criminals, either independently or in organized gangs, to manipulate checks in such a way as to deceive innocent victims expecting value in exchange for their money. And the solution for that is using IP cameras so you can take advantage of their ability of facial recognition and data analytics.
• Functionality and Reliability:
Security Cameras especially IP Cameras are digital and the digital architecture offers greater flexibility for development and functionality. Signals can be compressed making image storage, retrieval and handling much easier. A digital signal can enable alarms and snapshots when movement is detected. Cameras can also be set to only record on motion vastly reducing network components and costs associated with constant recording.
• Element of surprise:
Often, wireless IP cameras are smaller than their wired cousins. This makes movement and placement versatile. The camera won’t take up much room and will be less noticeable to suspicious eyes. In other words wireless IP cameras do not look like typical wired cameras. This also means the wireless IP camera can be placed practically anywhere for recording. You can put the wireless IP camera in most any nook or cranny. Simply put, such size gives you the element of surprise.
And about the Cons:
• High cost:
The cost of installing security camera is a bit high. Traditional CCTV can be less expensive but in the same time less efficient regarding facial recognition because traditional CCTV can’t handle high resolution on the contrary of IP systems which can handle high resolutions but they are more expensive but the most important thing more efficient.
Actually when thinking about using security cameras at banks, all the points which pop in anyone’s mind are pros, it’s hard to find cons for such usage. Many places that use security cameras are banks, financial institutions, homes, retail stores, childcare centers, or construction sites, are just a few examples that use IP cameras. They can be used to identify criminals and to report a crime to the police or security. IP cameras are in high demand because business can monitor employees work progress, employee safety, care, theft, abuse, and vandalism. Some cameras are excellent for recording not only time but for recording it clearly by using nighttime infrared technology.