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Mexico City's well-publicized kidnappings have generally targeted the Mexican power elite; the average tourist isn't likely to be a victim of this type of crime. Authorities have been cracking down on taxi robberies, but policing an estimated 100,000 cabs is no easy feat. The first rule of Mexico City is never hail a taxi on the street, from a tourist attraction, or with your debit card in your pocket. Choose the sitio (stationed) cabs that operate out of stands or cabs called for by hotel or restaurant staff. The government is also phasing out VW Beetle taxis since four-door vehicles are seen as a safer option (the driver cannot access backseat passengers as easily). Avoid the two-door taxis still in service.
The Zócalo has undergone major changes, including rigorous trash pickup, a ban (sadly) on vendors and street food in the core, lots of guards, and in some places, security cameras. Major tourist areas are generally safe, but petty theft is pervasive. Pickpockets are brazen and unbelievably skilled. Recognize that Mexico City is formal, so things like big cameras, backpacks, shorts, and sandals will make you stand out.