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:

  • Global security distributor
    May 2015, ADI Global Distribution, Security Services & Risk Management, News
    ADI Global Distribution is a well-known brand in the global security distribution market operating in Africa, North America, Europe, Australia and Asia.
  • RFID expands its security credentials
    May 2015, Asset Management, EAS, RFID, News, Enterprise Solutions, Security Services & Risk Management
    Many people believe RFID is a limited technology with its best days behind it. Swift is a South African company that has developed a host of innovative solutions integrating RFID, specifically Active RFID and sensor technologies.
  • Growth moves Gallagher to new premises
    May 2015, Gallagher, News
    Gallagher, has relocated offices in South Africa due to its significant growth in the integrated access control, perimeter and business management solutions markets.
  • Hikvision partners with Agent Vi
    May 2015, Hikvision, News
    Hikvision and Agent Video Intelligence (Agent Vi) have announced strategic cooperation to integrate their products to allow Agent Vi’s embedded component to run on Hikvision cameras.
  • Honeywell names David Paja new president for global security
    May 2015, Honeywell Building Solutions, News
    Honeywell announced the appointment of David Paja, 45, as president of Honeywell Security Group. Paja succeeds Ron Rothman, who is retiring from Honeywell.
  • IDS supports skills development
    May 2015, Inhep Electronics Holdings, News
    IDS has announced that it will be participating in an initiative to contribute to the development of technical skills in South Africa and assist unemployed learners in gaining experience to enable them to find permanent employment.
  • New video tutorials from Dallmeier
    May 2015, News
    The Regensburg-based video specialist Dallmeier has placed a series of new videos and tutorials online, providing handy tips for installing a camera.
  • MiRO set for Securex 2015
    May 2015, Miro distribution, News
    The MiRO stand, which was the recipient of the Best Large Exhibition Stand at Securex 2014, will once again display a wide range of its wireless IP convergence products.
  • Elvey partners with Suprema
    May 2015, Elvey Security Technologies, News
    Elvey Security has announced the addition of Suprema’s range of biometric security technology to its portfolio of security products.
  • Facial recognition technology in SA
    May 2015, News
    Face ID is now available in South Africa. By 2014 Face ID had over 330 000 real installations, more than 40 million end users and 73 patents, making Face ID technology a stable and tested facial recognition option.
  • A weekend at Sun City
    May 2015, News
    Came BPT invited customers for a weekend at Sun City to present and discuss new solutions.
  • Security associations update
    May 2015, PSIRA (Private Security Ind. Regulatory Authority), Associations, News
    A brief look at what's happening in South Africa's security associations this month.

 
 
         
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.