Evolution of Private Security

The safety aspect for risk management will evaluate the potential for human loss of life and or injury. The potential for major incident or accident, such as fire, explosion, or spill, including environmental damage. The necessity for security within the company is a highly need aspect of safety that can lead to risk. The revenues aspect for risk management will evaluate the loss of customer base, recovering of capital loss and recognizing uncoverable capital loss, and loss of opportunity in marketing of the product. The necessity for revenue risk management is key. The costs aspect for risk management will evaluate the costs that were incurred due to preventable problems. Also, costs due to increased warehouse space, vendor changes, and discount changes. A significant risk in cost for this company is the cost of legal defense. The legal aspect for risk management will evaluate regulatory compliance failures and actions that could result

The likelihood of an attack or breach dealing with the current infrastructure of the company’s

To start off with I chose to go with our banking or financial industry. The banking industry is constantly getting attacked by various methods on a daily basis. I chose this industry because I happen to know someone who works in the security sector at Wells Fargo Bank, he was a good person to get information on what he sees on a daily or weekly basis. This paper is the opinion of myself and with gathered information from various resources.

"Private security and public law enforcement share many of the same goals: preventing crime and disorder, identifying criminals, and ensuring the security of people and property," ("Private Security and Public Law Enforcement," n.d.). There are many more private security officers than public police officers, making tandem projects and collaboration essential ("Private Security and Public Law Enforcement," n.d.). There may be some overlap between public law enforcement and private security, but generally the latter can be more highly specialized and are therefore useful in situations such as campus security.

At the end all the risk are finance related, because the liability’s cost money and this will have an effect in the company’s earnings, so what is important is not only to try to avoid such events but also to be prepare in case they happen and have a plan, is like the saying “Hope for the best but be prepare for the worst”.

People will always want to have security. In Travis Langley’s essay on Civil War, he gives the example that following the attacks on September 11, 2001, many Americans renounced some of their liberties in the form of being more monitored as a way to protect themselves from terrorism (71). When bad things happen people feel scared and vulnerable, such as 9/11, and as such want more security and are willing to do and give up more to gain it. If one were

Security in America has evolved from the time of the first settlers to today’s well-trained forces. Factors leading to the significant growth of private security from pre-Civil War to post World War II consisted of a lack of public police and large monetary loss by private industry. Today, security is global and faces challenges and changes, with increases in terrorism and technology crimes. It must maintain a high level of professionalism and maintain technological innovation remain a respected industry.

Superior Security is a company designed to protect families and businesses in the metro Atlanta area. Superior Security is a company established in 1996 by Levi Atkinson with the protection of families and businesses in mind. Levi wanted to be able to give the community he lived in and those around him a feeling of security. Superior Security has grown into a company that has now serviced and installed countless security systems throughout the Atlanta and Metro area. Levi was often heard telling employees the company motto “Your security is our business”. Levi wanted to start this business and vetted his daughter Michelle Atkinson to take over the company after him.

The security guard services industry consisted of two segments: proprietary guards and contract guards. The historical growth was driven by companies realizing, that contracting guards allowed them gain operating flexibility instead of managing their own security personnel. In 1987 security guard services was a $10 billion industry growing at 6% a year. Due to the industry being very mature, fragmented, and price competitive there was an ongoing consolidation trend.

The private security industry is ever growing in the USA. According to ADDIN EN.CITE Brown2005246Brown, Lamming, Bessant, and Jones

The American Society for Industrial Security (ASIS) is today’s main association of private security. The year of 1955 is considered the beginning of the modern age of security. Private security was needed everywhere, in hospitals, hotels, retail etc… as stated in (chapter 2, P.38) that ‘’ Retail establishments, hotels, restaurants, theaters, warehouses, trucking companies, industrial companies, hospitals, and other institutional and service functions were all growing and facing a serious need to protect their property and personnel’’. After the events of 9/11, private security agencies were required to play more roles in crime prevention. Private security agencies were required to review and standardize their method of training and to review the pay of employees. Lot of recommendations have been made to improve the education and training, above all the extension of training time.

One of the significant insights of this class is that businesses and governments tend to suffer from their own sense of security.

Good security management requires risk management to mitigate or reduce risk to an acceptable level within an organization. Security management’s objective is to protect the company and its assets. A proper risk analysis will identify the company’s major assets, threats that put those assets at risk, and estimate the possible damage and loss a company may endure if any of the threats were to become real. With a good risk analysis, management can determine the type of budget they want to set to mitigate threats. Risk analysis justifies the cost of the countermeasures against the threats and determines the benefit or worth of security

Minieri (2004) suggests that companies spend more money in response to lost competitive information rather than investing in preventive measures to keep the information secure in the first place. Even more sobering, any investment made following the crisis into some proactive measure should have been made in the first place. In effect, the organization spends the money either way.

For the latter half of the Twentieth Century, the dominant school of thought related to security was neo-realism. Stemming from works produced by Hobbes, Thucydides, and Machiavelli, followers of the neo-realists paradigm sought to see the world for what it was, rather than what they wished (Crawford 1991; Terrif et al., 1991). Established in 1979