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17-Jun-2020 06:43

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If you locate in a high-crime area, you'll likely need to invest in more facility security features than if you locate in a low-crime area.

This could lead a prospective business owner to say, "So I'll only think about putting my facility in the most crime-free area that I can find." However, remember that higher-crime areas are usually significantly cheaper in terms of rent, and if you can save 60 percent of the cost of your rent, you can buy a very nice security system and still come out ahead.

Depending on the severity of security threats your business faces, you may find it advisable to augment your workplace security features by using security guards.

You can either employ such guards directly, or contract with private security service companies for them.

Multiple security firms are involved in the investigation and it looks like we have the malware used in the attack.

I am already thinking this amount spent on investigation and amount lost is already enough to buy firewalls, appropriate switches, employ an excellent CISO, setup a security monitoring center etc. But most importantly there are key security strategies and technical controls that absolutely would have either prevented the attack or led to it being discovered much sooner – before money was actually stolen.

Primarily, these decisions concern facility location and building security.

However, when events that are totally out of the ordinary course of business occur, if you don't have a plan in place, the resulting damage to your business can be catastrophic. It's a fact of life that Mother Nature sometimes strikes, accidents happen, and some people steal things.The last thing you want is to end up paying a legal judgment to a burglar!Locks and key control may seem like an obvious way to increase security, but you'd surprised to know that many business owners don't take full advantage of this type of security measure.We're talking about floods, hurricanes, earthquakes. No doubt you're thinking "I can't control the weather or other people's behavior." True, but what you can and must do is take steps to minimize these sorts of risks to your business. Well, in addition to obtaining the proper types and amounts of insurance for your business and your assets, you should consider: Crimes against people and crimes against property can significantly add to your cost of doing business for many types of small businesses.

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Shoplifting and theft of business property are all too common and costly.And these lessons apply whether you are a bank of not.