Public, employee, and investor anxiety over security is a threat. Regardless of the threat of an assault, any security breach can negatively impact the organization. Even unverified threats can cause local events to be canceled, damaging companies and the economy. Prioritizing security management is an important part of running a business, especially in today’s uncertain world.
Therefore, businesses must assess the impact of security threats on normal corporate operations. Employees can consider leaving because of fear. In addition, they can become distracted and unproductive. Investors fear losing important staff, personnel, and leadership, especially in small, family businesses. This is also true in organizations that are largely reliant on leadership. Fearful consumers spend less or shop differently, affecting the local economy.
Here are some crucial tips for business owners and managers to consider when prioritizing security management in uncertain times:
1. Prepare Your Management
It’s important that you train your management team in a physical reaction as well as a virtual one. Comprehending potential security and cybersecurity issues is key. It is not uncommon for management to appoint a Chief of Security. Additionally, they may hire an independent security provider. However, the danger there is that they may neglect the training for ongoing risks or security
Hiring a Chief of Security and/or an outside service is sensible. However, your firm and its leadership must understand how to respond in an assault or emergency situation. If something goes wrong, it is also critical to evaluate the consequences to your brand and company’s reputation. This is something that is much more difficult for a third-party security firm to do. As a result, management must continue to anticipate these circumstances as a business risk.
2. Conduct a Security Audit
Every organization should conduct a security audit and keep the report safe. Management should carefully review and store the Security Audit and Emergency Response File. In the event of an attack, whether physical or cyber, this material should be easily sharable with appropriate security and police agencies.
A Security Audit is not expensive or time-consuming for a firm. Therefore, there is no reason not to invest in it regularly. Your security audit should identify risk scenarios and vulnerabilities in your business. After that, you should prioritize them as low, medium, or high risks. Finally, make precise suggestions to fix each issue.
A neutral third-party auditor can assist you in identifying holes that your own team cannot detect. One terrorist strike can cost a hotel chain or mall 3 months to 5 years of business! Lacking preparation for such an onslaught, many good companies have gone bankrupt.
3. Create a Comprehensive Emergency Plan
It’s true that a security audit alerts you and your team to continuous hazards in your operations, office, and supply chain. However, an Emergency Response Strategy is the go-to plan for your staff, management, and security teams when a security crisis occurs.
Therefore, a strong emergency response plan will also include short and long-term activities. These will be things that the company must do to resume normal operations. For example, some firms specify who will be the backup manager if a major leader leaves.
4. Hire and Train a Strong Security Team
Securing your company’s assets and people requires both physical and data security personnel. They must know how to evade an attack long before it reaches your door. In addition, they must also know the weak areas in your supply chain. Therefore, once a security breach occurs, security personnel are the final defense, not the first.
Unwelcome persons at your business require security measures. People must be in place who are ready to respond with or without weapons. Too often, a police officer or other security expert focuses on his firearm. This can cause a late or incorrect response.
For example, to disarm and gently incapacitate a mentally unstable adversary without shooting him, security personnel should receive education in weapon-free close combat.
5. Act Now Before It’s Too Late
Some of these suggestions may seem obvious or simple. However, too many successful and damaging security breaches to corporations worldwide prove otherwise. Many businesses have been the target of damaging and even fatal attacks. These threats have been both physical and virtual. However, the damage can be irreparable for either. Therefore, prioritizing security management is no longer an option. It is a vital part of every successful business plan.
We all hope for the best. Like insurance companies, most business owners and finance departments aim to minimize unnecessary expenses. However, according to recent research, an emergency response plan together with a security audit can save money and reduce risk.
These security technologies will make your security team, workforce, investors, and partners feel and be safer.
Image Credit: Elevate Digital; Pexels; Thank you!