How Does the Economy Affect Security?
You probably know of a company that has implemented hiring freezes, eliminated departments, granted salary decreases across the board, laid off a percentage of their staff or implemented various budget cuts in order to survive during this recession.
Where do security programs fit into that equation? Many companies with large security programs have begun to scale back, often looking for innovative opportunities to reduce spending while still maintaining a security presence at their workplace.
On the other hand, industries like property management, banking and real estate find themselves with unique security problems as the number of foreclosures steadily increase. According to an article on www.cnn.com, "California, Florida, Arizona, Nevada and Illinois accounted for nearly 60% of the total foreclosure activity in the first quarter, with 479,516 properties received foreclosure filings in those states."
This increase in the number of empty buildings and homes present new risks to businesses in those states as well as other places around the country. Vandalism, graffiti, unauthorized entry and other factors may further decrease the value of these assets and negatively affect the immediate surroundings. Securitas Mobile, along with our partners, has been able to work with our clients to deliver affordable and effective solutions to help reduce the potential impact of these emerging threats.
The state of the economy affects the way we all do business and assess risk. Effective security programs remain flexible in order to address the unique threats that come with every phase of the economic cycle.