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With bags that strap around the body, it's fairly easy for a snatch-thief to cut the strap. They can be really quick.
In the case I mentioned in my OP, I had a large amount of money in my handbag. I'd been shopping in town with a friend. I'd also left my house in a hurry so thrown a large bottle of prescribed (controlled) meds in the bag - I just didn't have time to sort out what I needed for the day. So I suspect that I was followed home by someone from one of the shops I'd visited.
At the time I lived in a largely student area which had a high burglary rate, but not street crime. That may have changed since I left, five years ago, and moved to a quieter, leafy area.
I'd noticed someone walking behind me, but thought nothing of it till he snatched my bag and sprinted. Since then I cross the road if anyone is behind me. I'm a lot more street-wise now.
It's both reassuring and sad to know that ereaders are so little valued.
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