Knowing your organization’s risk appetite is critical in mitigating physical security risks
Corporate security plays a vital role in derisking the environment from a wide range of threats, both natural and man-made. Their efforts are instrumental in fortifying organizational resiliency in an increasingly complex threat landscape.
Security lapses in regulated industries can have severe consequences. The tone for a heightened security culture is set at the executive level and permeates down to front-line staff. In these environments, security breaches can lead to termination, disciplinary action, and even regulatory liability for financial losses.
Vulnerabilities associated with the cybersecurity of network-connected physical security devices, such as security cameras and mobile phones, are often overlooked. This attack vector seeks to exploit inadequate cybersecurity controls to gain unauthorized access into the network, breaching physical security field devices. If successful, these surreptitious activities create genuine negative outcomes for the organization.
Physical Security System Accountability
Amidst the myriad tools available to evaluate threats and risks, it’s empowering to know that contemporary security risk management practices have evolved. These practices now emphasize proactive measures, including coordinating with internal and external parties to ensure a compliant risk-based solution is deployed and regularly maintained. This enhanced approach to risk management bolsters our ability to stay ahead of potential threats, giving us a sense of control in an otherwise unpredictable environment.
With a vast network of video surveillance cameras (from various manufacturers) deployed globally across multiple network infrastructures and managed through four different regional video management systems, a leading global financial services firm grappled with maintaining accountability for its physical security devices. The lack of a centralized platform to access and manage this data posed a significant challenge, highlighting the importance of maintaining accountability.
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