- 20 Mar, 2021
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Risk Management Principles
The ASIS “General Security Risk Assessment Guideline” is a 2003 ASIS International publication and a key resource for security operatives responsible of examining, evaluating, and managing risk to organizational assets and planning security operations.
After thoroughly reading and studying the publication’s contents, particularly the seven (7) Recommended Practice Advisories and the corresponding commentaries, explain why a corporate security officials must understand the various risk management principles and be able to apply those principles when assessing the vulnerability of an organization’s assets. Incorporate into your response the significance of determining not just the various crime-related AND non-criminal threats to assets, but also the impact or “criticality” (losses, harm, and costs) of those threat or “risk” events AND the probability or likelihood of those events occurring. Use examples to demonstrate the points you make in your response.
Finally, identify the various information sources available to corporate security officials to determine the probability of the various threats that may be directed at the organization. Again use examples of sources used by a real-world company (Exxon, Walmart, Apple, Proctor and Gamble, Amazon, Kroger, etc.) to demonstrate the points you make in your response.
REMEMBER: Be sure to cite your sources from both the Learning Materials and outside research.
EXERCISE #2 – SECURITY THREATS AND MANAGEMENT CHALLENGES
“Top Security Threats and Management Issues Facing Corporate America” is a periodic Securitas Security Services USA, Inc., publication that assists security directors in completing their security planning. http://www.scisusa.com/wp-content/uploads/2018/05/2016-Top-Security-Threats.pdf
- “Top Security Threats and Management Issues Facing Corporate America” is a periodic publication of Securitas Security Services USA, Inc., that reports the results of surveys completed by Fortune 1000 security directors regarding the risks that cause the greatest concern to them and their companies and the various management challenges confronting them and their security operations. This document introduces students to not only the different types and severity of threats to assets with which they must be concerned as a security leader in today’s world, but also the various operational issues they will need to address when they are responsible for security planning, implementation, and decision-making, including such topics as budgeting and maximizing return on investment, strategic planning, personnel training, and employing technological solutions in security operations. The survey methodology and results can be accessed at: https://admin.asisonline.org/About-ASIS/Who-We-Are/Whats-New/Documents/2016%20Top%20Security%20Threats.pdf
After reading the results of the their most recent Survey of Fortune 1000 Companies and the “Emerging Trends” section of the publication, discuss possible reasons for corporate security director responses to the first five (5) security threats.
Also explain why security operatives in different industries place different emphasis on certain threats and provide specific examples. Finally, examine the different management issues and their anticipated impact on security operations and, based on your understanding of the ratings and any other independent research you have completed this week, discuss the possible reasons for the responses and what you might do as a security operative to address the first six (6) issues.
REMEMBER: Be sure to cite your sources from both the Learning Materials and outside research.