With improvements and innovation in technology, specifically AI and IoT, the increasing advancements implore organizations to invest more in cybersecurity, to no one’s surprise. But where does that leave investments in physical security? Often, cyber and physical security go hand-in-hand. So, businesses must implement an effective security program to address both risk types.
What a risk management consulting company can do for you is to find the overlap between physical and IT security. They’ll assess the risks on both levels in your current program, which allows them to tie related risks together and not focus on one while neglecting the other. That’s because the possibility of hybrid attacks are gaining steam. And you wouldn’t want a physical break-in that results in an infection of a USB drive or deletion of internet-connected security camera footage.
Will Upper Management Agree?
You may experience a leadership team that has more experience in one or the other, and it can be challenging to convince them that both aspects are critical to address. But most senior management teams are open to ideas for all-encompassing security. In recent trends, the perspective of risk as a whole has been the industry focus, rather than making distinctions between cyber and physical security.
To be effective, you’ll need to strategize project plans to prepare for both available additional funding and high-profile news events. Your organization may finally address gaps in your security program when these situations arise, instigating a sense of urgency to reevaluate the budget for security investments. But as long as these events are relevant to your organization, risk management consulting services can help you prepare for threats.
Justifying New Security Tech Investments
The most effective way to justify new security investments is the simplest way: tie it into new regulations and requirements. With updates in technology, the government institutes new laws all the time, and organizations must stay on top of them to comply. FCRA, CCPA, and COPPA are good examples, as well as the GDPR in the European Union. But even with compliance, your goal is to have a proactive security team, not a reactive one.
Even if you require more than your allotted budget allows, you can still frame your business around how to help your security department decrease certain risks. Instituting new technology and help them to show cases of risk deduction, and thus, stronger security. The more security controls you integrate into your organization directly relates to the risk level you face.
While you can build a case to justify security improvements that upper management will agree to, a risk management consulting company can help to keep the balance between cyber and physical security.