classic | mobile
Follow us on:
Follow us on Facebook  Share via Twitter  Share via LinkedIn
 

Search...
Hi-Tech Security Solutions Business Directory


Financial community responds to heightened threats
May 2003, News

The UK's leading financial institutions are increasing their spend on security in a bid to quash heightened concerns about disasters, terrorist attack, employee negligence and IT security breaches. However, nearly 40% of security managers working in the sector still do not consider their organisations' disaster recovery plans to be 100% foolproof.

These were just two of the conclusions drawn from recent research into the financial community's attitude to, and deployment of, security by Reliance Security Services. The survey, conducted in February, discovered that nearly 50% of the financial community see disasters (48%) and terrorist attacks (41%) as 'extremely important' threats (the highest possible level of concern) to their business.

In order to deal with these threats, they are deploying a mixture of manned security services (100% of the sample), access control (96%) and electronic security (85%). Over the last year, they have increased spending in all three areas - CCTV technology (67% of the sample), access control (52%) and manned security (30%).

"What we are seeing is banks and other financial institutions reacting to a variety of both national and international factors including, of course, the current political climate and the events of 11 September," said Geoff Shewry, managing director of Reliance Security Services. "While the survey indicates that a large proportion of financial organisations are now placing a greater emphasis on electronic solutions (56%), their spending on manned security services is also on the up. This emphasises the fact that the manned security sector has a very vital role to play in the general movement towards total, integrated security solutions."

The survey revealed that there was a continued demand for manned security services, with quality of service considered vital, and regulation welcomed as a step towards achieving this.

Despite indicating an increased movement towards electronic solutions, the survey revealed that nearly 60% of financial organisations would not consider using security technology to reduce their dependence on manned security at night. The main reason for this is that security officers are responsible for controlling access outside of normal working hours (33% of respondents). The survey also found that security officers are becoming indispensable by fulfilling a much wider range of roles including reception duties (70%), electronic surveillance (41%), building management (37%) and access control (52%).

Another interesting trend is the huge extent to which financial organisations value the quality of security personnel. 67% of respondents consider the calibre of an organisation's security officers as 'extremely important' when selecting a supplier. Service levels (56%), customer empathy (31%) and health and safety training (26%) were also singled out as 'extremely important', outweighing price (only 22% of the sample said this was 'extremely important'). 96% of the sample also agreed that their security officers are fully trained in how to react in the event of a disaster/terrorist attack. Not surprisingly, 81% of those surveyed also said they are in favour of regulation of the manned security sector, suggesting that they see this as a big step towards raising standards within the security industry for both customers and security employees alike.

Source: www.securipark.co.uk


  Share via Twitter   Share via LinkedIn      

Further reading:

  • No effect at all
    June 2015, Technews Publishing, News
    There has been an enormous amount of discomfort in the South African security industry lately after the Private Security Industry Regulation Amendment Act had the 51% clause sneaked into it – who would ...
  • Powell Tronics synonymous with innovative access integration
    June 2015, Powell Tronics, News, Access Control
    Powell Tronics continues to evolve from its humble beginnings as simply a supplier of standard access control systems to a provider of advanced integrated security solutions.
  • The increasing pace of technology advancement
    June 2015, News, Information Security
    The trouble with thinking about technology advancements is that the rate of past progress does not predict the rate of future progress.
  • Test tool for ONVIF Profiles S, G, and C
    June 2015, News, CCTV, Surveillance
    ONVIF has announced the release of its first Client Test Tool, which tests clients for conformance to ONVIF’s Profile S, G, and C specifications.
  • HiTek distributes INIM in South Africa
    June 2015, HiTek Security Distributors, News, Perimeter Security, Alarms & Intruder Detection
    HiTek Security Distributors has announced it is distributing INIM Electronics in South Africa.
  • Rob Anderson appointed as executive director of EES Africa
    June 2015, News
    Rob Anderson has been appointed an executive director on the board of EES Africa. This move follows the merger between Rob Anderson & Associates (RAA) and EES Africa earlier this year.
  • OnSSI acquires SeeTec
    June 2015, News
    OnSSI continues aggressive expansion into European markets.
  • Uniclox and Bodet announce partnership
    June 2015, Uniclox Technologies, News, Access Control, Identity Management
    Uniclox Technologies and global time and attendance company Bodet Software have announced the signing of a strategic partnership agreement for southern Africa.
  • New Sensor branch in Cape Town
    June 2015, Sensor Security Systems, News
    Sensor Security Systems has announced it has opened a new branch in the M5 Business Park in Maitland, Cape Town.
  • Matrix introduces mobile app
    June 2015, News, CCTV, Surveillance
    The latest version of the Matrix Internet Tracking app has been released and offers features like vehicle tracking, roadside and medical assistance and early warning if someone drives your vehicle without authorisation.
  • New national sales manager at Centurion
    June 2015, Centurion Systems, News, Access Control, Identity Management
    Johan Lessing has been appointed as national sales manager for South African access automation manufacturer, Centurion Systems.
  • Regal Distributors opens in Polokwane
    June 2015, Regal Distributors SA, News
    Regal Distributors has expanded to open a new branch in Polokwane. The opening of this branch brings the total number of Regal branches nationwide to twenty-two.

 
 
         
Contact:
Technews Publishing (Pty) Ltd
1st Floor, Stabilitas House
265 Kent Ave, Randburg, 2194
South Africa
Publications by Technews
Dataweek Electronics & Communications Technology
Electronic Buyers Guide (EBG)

Hi-Tech Security Solutions
Hi-Tech Security Business Directory (HSBD)

Motion Control in Southern Africa
Motion Control Buyers’ Guide (MCBG)

South African Instrumentation & Control
South African Instrumentation & Control Buyers’ Guide (IBG)
Other
Terms & conditions of use, including privacy policy
PAIA Manual
         
    Mobile | Classic

Copyright © Technews Publishing (Pty) Ltd. All rights reserved.