Running a business goes hand in hand with running multiple types of risks. The reason why risks are so feared is that they are unpredictable. Some of these can cause serious damage to life, property, and business, and some can even impact business continuity. And while no one can always predict these risks or emergencies, smart organizations are those who stay ever prepared to face any type of risk or emergency head-on. Having a security risk management strategy is one of the ways that businesses use to mitigate myriad physical and other risks that can strike at any time.

What does security risk management involve?

As per the largely accepted definition of the term, security risk management entails identifying, anticipating and managing unforeseen risks, with zero to minimal impact on the business.

Given that different organizations will be prone to different types of risks, one of the first steps in this is identifying the risks, threats, and vulnerabilities that need to be prepared for. These can evolve over time, and can also have a cascading effect on other aspects of the business. For instance, physical security breaches could also be dangerous for cybersecurity and vice versa, for modern organizations. So once these risks and their associated consequences are identified, then it is time to work on a customized security risk management strategy.

Most strategies will use a combination of the four tactics below:

a. Eliminating or avoiding these risks completely
b. Mitigating the Likelihood of existing risks that cannot be completely avoided
c. Sharing risks with a third party
d. Accepting the risks were protecting against them is more expensive

How does this play out in terms of physical security?

Physical security continues to be important even today, even as there are newer risks to safeguard against. After all, you do want to protect your people, premises, and equipment in all ways possible, wouldn’t you?

Security Risk Management in this sphere encompasses a wide range of aspects, just like for any other type of risk, starting from identifying vulnerable areas and planning suitable procedures, implementing a well thought through the mechanical and electronic security system, training staff response and monitoring the system regularly to keep it relevant and effective. Almost all of these measures are focused on the first two tactics above – eliminating and mitigating known risks and preparing for unknown ones, through deterrence, timely detection, thorough assessment, and response, delaying and even neutralizing the risks in the best way possible.

The NPS difference

At National Protective Services, we know that each client will have different security requirements when it comes to physical security. This is why we don’t just look at supplying tools and implementing security systems in place, but we take a closer look at your needs and design a customized security solution for our clients. We believe in pre-empting and being prepared, and our teams are trained to do a thorough job. Some of the solutions we recommend will likely include access control, CCTV alarm systems, security patrol, and real-time surveillance, just to name a few.

If you are looking for integrated security solutions, feel free to request a call back through our website.