Overspending on corporate security?
I received an interesting call today from a financial journalist who wanted to ask about corporate security spending today. He wanted to know, based on reading some corporate financial reports published to shareholders, if some corporate security teams are out of touch with the actual risk level of their executives. He wondered: Are some of them over-spending on corporate security?
That was a first for me, because I've never once heard anyone say they've seen over-spending on corporate security. Certainly some security technology projects have gone over budget and faced long delays, but never have I once heard someone say, "You know, we should have spent less to protect our CEO; we really didn't need to have him that well protected." Say that, I think, and you'll be combing through the employment want ads faster than Donald Trump can say "You're fired!"
I reminded him that just because the corporate security department is spending that much money on things like professional drivers, executive protection, and high-tech security systems doesn't mean it's wasted money if nothing ever happens. You spend money with the goal that nothing will happen, but maybe this concept isn't as clear outside our industry (and in your senior boardrooms).
Education recommendations for ISC West
STE and SD&I co-present Dealer/Integrator and IT End User tracks at tradeshow
Our sister publications Security Technology Executive and Security Dealer & Integrator are sponsoring two education tracks at ISC West next week in Las Vegas. SD&I is presenting the Dealer, Installer, Integrator – Technology track at the show, where the line-up includes seminars on cloud computing, mobile video, key control, and IP video profits. STE magazine is presenting the End-User - IT Related Issues track, where topics include IPv6, unified vs. open platforms, risk management convergence and advanced persistent threats for the financial sector.
ISC West products and news
Vendors continue to flood us with new products
As fast, or faster, than we can post them to the website, we're receiving news of products that will be premiered at the ISC West show. Our coverage of the show and these new products appears at the ISC West 2011: Live from the Show Floor webpage, and you can find some of the biggest news listed in yesterday's pre-show newsletter.
In other news
Dealer acquisitions, best practices for security execs, hard lessons in mass notification
On the integrator side of things: Niscayah announced a hosted video offering. ... ASG Security purchased Electronic Installations, a dealer out of Wilmington, N.C. ... Stanley CSS purchased Electronic Protection Network, a Sonitrol franchise in Georgia. ... The Alarm Industry Communications Committee (AICC) formed a subcommittee that plans to help introduce a bill in Congress which would seek to resolve interstate commerce issues for monitoring companies operating across state lines.... Optelecom-NKF changed its name to TKH Security Solutions USA.
On the end-user side of things: The Security Executive Council released a document presenting best practices for security and crisis tabletop exercises. ... A recent explosion and fire at a chemical plant in Kentucky highlighted the importance of mass communication and also demonstrated the impact that delaying a notification can have. ... AlliedBarton's chief executive Bill Whitmore contributed a guest column discussing the classifications of workplace violence; it's a good read for anyone in corporate security.