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In a Bloomberg article, Scott Andrew Selby, co-author of Flawless: Inside the Largest Diamond Heist in History, explains that diamond thieves often spend large amounts of time planning robberies, also noting that security measures become outdated quickly.

In a Bloomberg article, Scott Andrew Selby, co-author of Flawless: Inside the Largest Diamond Heist in History, explains that diamond thieves often spend large amounts of time planning robberies, also noting that security measures become outdated quickly.

As quoted in the market news:

Security measures age quickly, and the longer they are in place, the more time thieves have to figure out ways around them. Even places that have been robbed before soon forget the lessons of the past. Two other prominent diamond thefts took place in Cannes in May alone: a necklace worth $2.6 million was stolen, and before that, $1 million worth of Chopard diamonds were snatched along with the hotel safe containing them. None of the Cannes thieves have been caught.

For a business to protect itself, it needs to have constantly updated, redundant systems in place. Preparation may seem like common sense, but in practice, security systems tend to be mired in complacency.

Click here to read the full Bloomberg report.

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