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

Search...
Hi-Tech Security Solutions Business Directory
Residential Estate Security Handbook 2017


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:

  • The Russians are coming! Turn off your saunas immediately.
    October 2017, Technews Publishing, News
    I, of all people, love a good cloak-and-dagger hacking story. But really, the Americans are taking this to the extreme. First, Hillary blamed the nasty Russians for losing her the election (which has ...
  • Ideco allows you to own your own identity
    October 2017, Ideco Biometrics, News
    Ideco launches advanced identity verification ecosystem that speeds verification via mobile phones.
  • Securexpo East Africa postponed
    October 2017, News
    Organisers behind Securexpo East Africa have confirmed that in light of the recent re-scheduling for the Kenyan Presidential elections, the exhibition will be postponed.
  • OT-Morpho becomes IDEMIA
    October 2017, News, Access Control & Identity Management
    The result of the merger of Oberthur Technologies (OT) and Safran Identity & Security (Morpho), the OT-Morpho Group has became IDEMIA.
  • HID Global to acquire Mercury Security
    October 2017, News
    HID Global announced that it has signed an agreement to acquire Mercury Security, an OEM supplier of controllers for physical access control.
  • ELPA concludes first certifications
    October 2017, News
    Following its launch in June this year, the first set of certification exams for Earthing and Lighting Protection Association (ELPA) accredited installers/designers were held in Johannesburg.
  • Packaged cyber-threat service
    October 2017, GNL Cyber, News, Cyber Security
    Gold ‘N Links Cyber introduces GNL CYBER 360, a per user, next generation cyber-threat packaged service.
  • ZKTeco’s sales kick off a success
    October 2017, ZKTeco, News
    The first ever ZKTeco Joint Venture Sales Conference held at the Orion Hotel in Hartbeespoort boosted the motivation of the dynamic group of sales personnel.
  • Invixium integrates with Paxton
    October 2017, Paxton Access, News, Access Control & Identity Management
    Paxton has announced the integration of its networked access control system, Net2, with Invixium’s biometric software, IXM WEB.
  • Hikvision reaches new heights
    October 2017, Hikvision South Africa, News, CCTV, Surveillance & Remote Monitoring, Perimeter Security, Alarms & Intruder Detection
    Hikvision held an event to celebrate the launch of its perimeter defence solutions on 15 September on the 20th Floor of The Venue, Green Park.
  • New operations coordinator for Powell Tronics
    October 2017, Powell Tronics, News
    In line with Powell Tronics’ mission to enhance the customer experience, Matthew Bushell recently joined the team in the role of operations coordinator.
  • Arteco integrates with Hanwha Techwin
    October 2017, News, CCTV, Surveillance & Remote Monitoring
    Arteco announced that its Video Event Management and Video Intelligence Solutions are now compatible with the new Hanwha Techwin Wisenet 5 chipset.

 
 
         
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.