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Preparedness in the Private Sector - 2010
The Conference Board, Oct 2010, Pages: 43
This report is the latest edition on a series of surveys on business preparedness, updating and expanding prior surveys from 2007 and 2009. In 2010 a component to measure integration of the security function with enterprise risk management was added.
Although physical security, IT security, and business continuity are all part of a company’s security profile, few companies have integrated all three into the security function. In addition, enterprise risk management (ERM) was not involved with security at many firms. This report highlights the relationship between ERM and security, the importance of incorporating rare but catastrophic events in security planning, the difficulty of securing funding for the purpose of prevention, and the need to examine the security function of offshore third parties.
Private sector companies have expanded security planning and their implementation of basic security procedures over the last few years. Yet, few companies have an integrated security function that spans physical security, information security, and business continuity, and security is not integrated with risk management at many firms. Further, senior management is often not actively involved in overseeing security, despite the potentially devastating impact of a crisis or emergency.
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Preparedness in the Private Sector - 2010 - Key Findings
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