Security Risk Assessments – Does Your Business Need One?

Security Risk Assessments

Security Risk Assessments – Does Your Business Need One?

Security risk management planning can help you avoid problems by making sure you’re in compliance with regulations and implementing proper security procedures and protocols.

Whether physical security, location security or risk mitigation in general, risk management planning can lead to an increased awareness of just how vital security is to your company’s health.

Even for small offices, stores or manufacturers, security matters. Workplace violence, safety from physical hazards, the importance trained security officers and their response protocol, emergency security response plans and more fall under the heading of security. Effective risk management planning would entail addressing them with your entire staff, once you have been fully assessed by a certified and experienced security company.

Why a Security Risk Assessment is Important for Your Business

Let’s first understand what all is involved in having your business assessed for security risks.

Most security risk assessments begin with a thorough review of your business and daily operation. The risk assessor will want to conduct a walk-through, ask to talk to critical staff members, or analyse your current security program to identify risks or potential loopholes. The information provided by the customer is then used to determine where opportunities for improvement exist, and an action plan for rectification can begin.

A security risk assessment may include (over and above the aforementioned points) some of the following:

The assessor may want to assess your goals for security improvement and business plans to gain further insight into how best they can develop a plan that suits you and your needs.

A site visit to evaluate your site in person is non-negotiable. There is no way to effectively determine the exact threats a premises faces other than a physical inspection thereof.

The assessor will likely request floor plans and security policy documents. This helps ensure that the assessor relays the precise information the security company needs, and aligns it with your current policies. Floor plans help the assessor identify “weak point” which you may not even be aware of yourself.

The security company will want to get to know your business – and its people. Learning the culture of a company, having a personal relationship with key staff members as well as general employees instils a sense of trust between the security company and the customer – which further fosters a security plan that covers each and every aspect.

Meeting key employees, such as owners, CEOs, CFOs, CIOs and other critical workers allows for the assessor to garnish further pain points and issues the employees might have.

A review your business security incident history may be requested; this aids the assessor and security company in defining current threats, past threats, their frequency, establishing a pattern and finally finding a way to immediately eliminate present or persistent threats. The security company will also formulate a plan to not only avoid similar incidents, but forecast and monitor possible alternative methods criminals may employ in posing a threat to your business.

If you have an existing security company, the assessor and new security company will likely want to meet with your current or previous security company. They many want to find out what the previous companies biggest threats were, where they though the “weak spots’ may have been, etc.

Security risk assessors may go so far as to inspect your site for risks not directly related to security, such as broken equipment, lack of warning signs, etc.

An assessor may want to spend a few hours “observing” your business in regular operation; they have the experience necessary to identify risks that may not have ever been considered, such as a regular visitor to your company who the current security team no longer requests sign-ins from.

They may check your neighbourhood for location-specific risks, such a s high crime rates, high business invasion rates etc. This prepares the security team for more possible threats, based on location alone.

Ultimately, the goal of every security assessment is to give your business the information it needs to make good decisions about security. Most security assessments also include conclusions and suggestions to fix any identified problems. One of the most common suggestions made is to hire security officers to remain onsite. Whether you’re running a manufacturing plant or a clothing store, having on-site security lets you preserve your assets and prevent dangerous scenarios before they cause harm.

 

For information on Mantis Security’s offerings to assess risks and provide solutions, click here to get in touch with us today!

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