Moving on up
At the onset of the pandemic, Security Risk budgets decreased as organizations shuttered their doors and employees left the office, and organizations under duress looked for places to cut costs. Many found their savings in the Security budget. But now, the potential to double or triple budgets in 2022 maybe a reality.
Our research shows approximately two-thirds of security budgets increased in 2021 from 2020, but still have yet to reach or return to 2019 levels. 2022 has the potential to change that.
As organizations are set to come back to life in 2022 security risk events have not gone away. In fact, the COVID-19 pandemic created new security challenges. The new challenges have yet to be solved, and as schools and businesses reopen / remain open during potential future surges, the security risks of the past return as well. In order to protect themselves from past, current, and future threats, organizations need to reinvest in physical security.
Real camera surveillance and real-time monitoring integrated with a uniformed security guard force that is properly trained may be for some organizations the order of the day. High-caliber uniforms security guards and training necessary to protect against threats to an organization cost more than $15-20 an hour. Challenges will emerge to protect your organization, your information, your IP, your personnel. All of this may lead to an explosion of security requirements, and the budget.
Another factor contributing to budget increases in 2022 is executive protection. According to the Ontic 2021 Mid-Year Outlook: State of Protective Intelligence Report, 58% of CEOs and senior leaders who expressed a stance on political issues received physical threats. Senior Public Officials and local health department leadership who encouraged health measures like vaccination or mask-wearing have also become targets of physical threats. Against the backdrop of this increased threat landscape, executive protection has grown in importance among physical security professionals.
An inner look
These aforementioned types of threats could also come from inside an organization. Leadership will either take a stand, or not take a stand. The personnel of an organization expect their leaders to take a stand, whatever that might be, for or against a particular issue or concern. Unfortunately, pent up frustration surrounding decisions may not even be pandemic related, and at times still result in leaders being threatened. In many areas of the country, threats against “leadership” is foreign territory for many organizations.
The threat landscape has always been uncertain and rapidly changing. With many advancements in approach, strategy, and technology, organizations can protect themselves with integrated security risk strategies.
As both physical and cyber threats compound, organizations are tasked with protecting themselves on all sides. With increased and realized threats there is one unfortunate downside. Higher security costs as risks to supply chains, cyber and physical security risks increase. During this pandemic many organizations have unfortunately learned that their security profile may not be or has been at a level they had hoped it to be. New gaps have been found, existing weaknesses have become even weaker and due to other impacts of the pandemic, organizations may have struggled to get the necessary supplies, purchases and even personnel in a manner to which they were once accustomed.
Identify your shortfalls, your gaps and plug the holes. A comprehensive risk assessment will assist in that process. If organizations fail to plug those holes, and as they begin to re-open even more, they unfortunately will remain or fall back into a vulnerable position.
Proactive hard work
Technology enhancements, uniformed security, executive protection, education, and plain old attentiveness and proactive behaviour towards security risks to quickly address existing and newfound challenges brought forth because of the pandemic will require increases in security budgets in 2022.
Now more than ever we need to move beyond reactive, and proactively secure our organizations.
It all simply starts with a plan.
We can Help.
Plan the Work. Work the Plan.