Rising physical threats putting leaders under pressure

2020-12-09 04:00

Physical threats are rising and increasingly unmanageable, putting unprecedented financial, reputational and liability pressures on business leadership and security teams, according to a study by the Ontic Center for Protective Intelligence.

As physical security operations budgets are expected to increase in 2021, driven and accelerated by COVID-19, the study showcases the collective perspectives of chief security officers, chief legal officers, chief compliance officers and physical security decision-makers - on their physical security operations, what keeps them up at night, challenges and opportunities they foresee in 2021, and the pressing need for physical security modernization through technology.

Business continuity is at the heart of physical security concerns and 69% of security, legal, compliance and physical security executives say their leadership would agree it will be impossible for their company to recover financially and reputation-wise were a fatality to occur as a result of missed physical threats.

"When physical threats go unmanaged, it increases corporate risk, irrevocably impacting business continuity given the potential for deep financial impact. Our research shows that security, legal, compliance and risk leaders unanimously agree the time is now to invest in physical security digital transformation, and Ontic is proud to help pave the way for a new standard in protective intelligence innovation."

91% of respondents say - and 54% strongly agree - that physical security needs a technology-driven industry standard for actively identifying, investigating, assessing, monitoring and managing physical security threats.

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