A Buyer's Guide to Purchasing Security Management Software

Software Buyer's Guide

Key physical security challenges are only getting worse - it may be time to invest in security management software

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.

But the relative underinvestment in physical security has its costs. After all, assets, be they physical or human, remain incredibly vulnerable to common security risks: terrorist attacks, workplace threats, violence, theft, counterfeiting, sabotage, trespassing, activist disruption, vandalism, and contamination. And, of course, those risks aren’t going way. Instead, they’ll continue to ripen into security incidents that cause staggering levels of material damage across all sectors of the economy. In the construction industry, for instance, 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. Similarly, a whole-industry snapshot from the beginning of the decade showed that a staggering 40 percent of companies experienced the loss or theft of mobile devices, half of which contained business critical data.

To security practitioners, those numbers are hardly surprising. They understand that people and their devices, as well as structures, buildings, sites, vehicles, and equipment are some of the easiest targets for malicious actors. Physical assets, in particular, present larger physical environments to secure; they’re often older, therefore not designed with modern security concerns in mind. Beyond that, the physical security staff charged with protecting physical and human assets often lacks vital technical support.

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