Bank robberies in Britain have dropped 90 percent in the last decade as criminals find greater rewards in targeting financial services online, figures indicate.

The British Bankers Association reported there were 66 robberies in 2011, compared to 847 in 1992.

Defensive technologies are making it extremely difficult for "traditional" robbery tactics to be successful, BBA chief Anthony Browne told the BBC.

Deterrents range from simple barriers that lower when a panic button is pressed to a special "fog" that disorients would-be robbers -- and even a hard-to-remove "DNA" spray that can subsequently prove a suspect was at the scene of a bank robbery.

"Being caught up in a bank job is a terrifying ordeal for staff and customers that can scar lives for decades," Browne said. "Banks are working hard to confine armed robberies to the world of TV dramas."

The decrease in bank robberies has been mirrored in the United State, where FBI figures put the number of bank robberies nationwide at 3,870 in 2012 -- the lowest in decades.

However, while brute-force bank robberies are dropping, banks and other financial institutions are increasingly being targeted by cyber-criminals, officials warn.

"Instead of guns and masks, they used laptops and malware," says Loretta E. Lynch, U.S. attorney for the Eastern District of New York.

Target says 'strongly encrypted' data taken in breach
New York (AFP) Dec 27, 2013 - US retailer Target said Friday that hackers obtained "strongly encrypted" data in a recent security breach, but that customer debit cards do not appear to have been compromised.

"While we previously shared that encrypted data was obtained, this morning through additional forensics work we were able to confirm that strongly encrypted PIN (personal identification number) data was removed," Target said in an update to the massive breach affecting some 40 million customers.

"We remain confident that PIN numbers are safe and secure."

Target said the PIN data is encrypted within company systems that can only be decrypted by its "external, independent payment processor." The "key" to decrypt the data is not part of the Target system and could not have been taken, it said.

"The most important thing for our guests to know is that their debit card accounts have not been compromised due to the encrypted PIN numbers being taken," Target said.

The big US retailer said on December 19 that some 40 million customers may have been affected after hackers broke into its payment database between November 27 and December 15.

Target has said previously that hackers had obtained data that included customer name, credit or debit card number, and the card's expiration date and CVV (the three-digit security code.

The company is working with the Secret Service the and US Department of Justice to investigate the data breach.

Analysts consider the data breach one of the worst in recent memory. At least three class-action lawsuits have been filed on the matter.

Target shares were off 0.4 percent at midday. Target shares have dipped 2.1 percent since December 18, a period that has seen the broader market repeatedly lifted to new record highs.