Yes absolutely, crime is crazy high here, I've been gunpointed a couple of times, and twice been attempted pickpocketing/mugging, and kidnapping of businessmen is pretty normal here

So physical attacks are where you should focus, having a multi-sig, duress wallet, or even cash or insured goods you can hand over as a distraction is a good idea.

I don't prepare based on if, I'm prepared based on when it happens