Physical security challenges are only getting worse
Let’s face it, bolstering the operational security of vulnerable physical assets, locations, and people has slipped off the radar of most corporate Boards and C-level executives, replaced by a laser focus on cyber security. This underinvestment in physical security has its costs, though. After all, assets, be they physical or human, remain incredibly vulnerable to common security risks, including terrorist attacks, workplace threats, violence, theft, counterfeiting, sabotage, trespassing, activist disruption, vandalism, and contamination.
Unfortunately, those risks aren’t going anywhere – they might even be getting worse. How much worse? Well, it’s difficult to quantify. But in the construction industry, lone, anywhere between $300 million and $1 billion a year is lost due solely to the theft of equipment and other high-value materials, according to the National Insurance Crime Bureau in the U.S. Further, CNN reporting suggests that from the beginning of the decade a staggering 40 percent of companies experienced the loss or theft of mobile devices, half of which contained business critical data.
Are these figures surprising? Depends who you ask – for security practitioners, not so much. Better than most, Security teams acutely understand that people and their devices, as well as structures, buildings, sites, vehicles, and equipment are some of the easiest targets for malicious actors, with physical assets, in particular, presenting the largest physical environments to secure. Moreover, physical security staff, charged as it is with protecting physical and human assets, often lacks vital technical support.
The consequences can be stark. Even relatively small physical incidents, like corporate device theft, reveal systemic stresses in the larger security apparatus. In other words, physical security incidents are often clarion signals of security crises further down the line, critical events that pose the same level of reputational risk as cyber threats, if not more.
What’s, then, to be done? Clearly, purchasing the right, end-to-end security management solution offers the only means for physical security teams to overcome these pressing challenges, mitigating the risks and effectively managing every aspect of physical security, from incidents to business as usual.
The remaining question is, how do you choose? Let’s take a look at the key considerations for an end-to-end security management solution:
- Protects all assets, physical and human. Physical security management software has to make people and physical assets more secure. An advanced solution should enable teams to visualize locations of incidents, risks, people, and other assets using fully integrated mapping features.
- Controls risk. Most physical security management solutions on the market don’t treat every aspect of security, including risks and hazards. Rather, they just provide data capture and analysis as well as other incident reporting capabilities. Instead of ignoring the entirety of the risk lifecycle, buyers should procure flexible, security management software that provides teams with the information and tools they need to effectively manage all security threats, incidents, and operations. That means scouting out a flexible platform that can conduct facility and event risk and threat assessments, as well as track post-assessment security controls and risk mitigation actions.
- Integrates safety. Physical security threats also compromise legally-mandated occupational health and safety protections, like duty of care. And that’s why a security management tool should offer safety functionality as well as the ability to integrate seamlessly with WHS software.
- Makes incident response more efficient. The right security management solution will also ease the incident management burden on dispatchers, by enabling planned, controlled, and automated incident response to any situation, no matter the incident – it will also integrate with existing PSIM and SOAR platforms.
- Scales to all operations. Security teams do more than tackle critical incidents. There’re also a number of routine business-as-usual operations they engage in on a daily basis. The right security management solution should bring demonstrable efficiencies to patrols, checks, inspections, and business-as-usual logging and reporting, as well – scaling up to meet extraordinary incidents and back down for routine operations.
We’re only scratching the surface of physical security management software capabilities you need to manage every aspect of protective security at your business. But what’s more powerful than words: an actual demonstration of those capabilities. To see protective security management software at its finest, request your own demo of next-generation physical security management software, Noggin Security.
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