My Mother had her bag stolen in Thailand, she was warned to hang on tight and she clutched the strap like her life depended on it and when she got back to her hotel the strap was all she had, they had cut the bag off.
Fortunately it only contained a small amount of cash and everything else was in the hotel safe.
I had my wallet lifted from my back pocket in Melbourne in about 1970, it contained quite a bit of cash, I have never carried a lot of cash since then.
Was in Sydney with $40K cash and couldn't get to a bank quick enough to get rid of it, that was only a couple of years ago.
Was in the Vietnam conflict and you watched your back constantly but generally they just gave you dud goods like my 2 Omega Seamasters which stopped when the bamboo spring dried out, I paid $10 each for those from an honest street vendor, well, he told me he was honest.