Risk Based Future of Security
Updated: Mar 2, 2022
Managed Services requires a substantial investment in both technology as well as skilled experts to operate toward success. Unlike reactive companies offering “Managed Services” overlooking “Preventative maintenance” at the onset is one of the present issues faced in the security Industry. Business needs vary on an account of performance variation through scaling and driving to attain the ultimate milestone. So also there is a recognized need for safety and security to be a part of this journey. Integrating technology is a way for companies to tackle incidents before they ever occur, manage Cap--Ex and Op-Ex , and generate a protective shield powered through their data. Intelligent Systems through interactive MIS translates the architecture to the stakeholders for critical decisions suggested through AI.
Owing to the lack of depth in the way people assess risk, a plethora of factors are usually overlooked which results in poor risk mitigation, improper deployment of manpower or infrastructure and a sub par security architecture in general. Simple mathematics is insufficient when it comes to quantifying a concept like risk which encompasses a wide range of possibilities.
Interpretations through statistics
Can businesses effectively manage their security? Are there methods of analysis which encompass the vital aspects of securing your Operations whilst avoiding overcapacity?
A standard approach is to lay down emphasis on the sources, combination of variables and feedback from various data generation points to create a comprehensive assessment to estimate risk so as to establish the odds for each potential outcome. The differentiator being how these risks apply to businesses and through proactive management, sustaining the growth of the organization therein. This is achieved through prioritizing areas with the greatest exposure and highest resource demand and levying an TechOps based model to bring about overall sustainability.
By estimating the probability and magnitude of the occurrence of an undesirable, adverse effect through empirical distributions we estimate the relevant stressors for that location. This allows prioritization in risks that are potentially harmful and facilitates in execution of it by the said organization.
Based on strategic risks, we alter the parameters of the risk model so as to facilitate changes in distributive tech which counters unexpected steps and ensures that the cumulative effect is compensated for at different verticals. The scope of the model also encompasses factors such as Operational risk, system failure, detective products, Obsolete inventory, natural disasters, Financial risks, and volatility.
Geo Political Risk
Factoring in data nodes from live stream news alerts to categories political risk-space changes in law, assets/cash flow, social unrest, war to assess how industry related variables affect overall risk score of the system. Through our concise mapping predictions of such events are factored into a risk calculation the model suggests a range of activities to be carried out which in turn facilitate the security head to perform the same with ease.
A familiar question which arises is how do we manage to achieve this?
Since the occurrence and impact of the various risks differ significantly, assigning a weightage is crucial in figuring out how they affect the security architecture as a whole.
Causality reveals that the occurrence of all events are based on one or a combo of three fundamental causes which are peoples, systems and processes. Through quant based equations using Copulas, Utility functions and Differential Calculus accurately estimating the interaction between the said variables thus allowing to display the exponential variation of those elements. Markovian simulation helps predict a plethora of possibilities which helps us tackle such instances before their occurrence. Artificial intelligence through Hybrid Neural networks facilitates the model to learn over a period of time thus factoring in additional combinations of seemingly unrelated variables that have a causal influence on the final classification. This also generates the ability for the said system to adapt to changes specified by the security heads thus making it far more superior than any other traditional Rule based system present.
Quant Case Study
A systematized risk analysis to estimate the risks associated with the operation of security processes. A QRA is a vital tool to reinforce the understanding of vulnerability of risk to assets, people and processes of an organization.
A corporate conglomerate was dealing with subjects pertaining to captive policy adherence at multiple levels to gauge performance metrics of their security architecture. Their requirements included a skilled man guarding with a good academic background to build up their security deployment. The revised security model factored in real time statistics in terms of various operational metrics, primarily using measures of central tendency to gauge performance. This was brought about by establishing control limits within stipulated deviations to effectively arrive at a score for determining the level of contingency of operations in lieu of the policy infrastructure. Levying additional quantitative equations through distributions allowed for an overarching Management Information System with automated monthly reporting to depict transparency across different verticals within the organization.
Day to day operations in a business have many concerns to deal with, some of those include employees, organizational decisions others involve competitors. However there are strategic decisions that need to be made which will benefit their bottom line.
These concerns also translate to risks which need to be mapped out effectively so that businesses can see a number of benefits. With a view of furthering successful businesses, deciphering these said risks are a major concern for any establishment.
Predominantly businesses focus on devising rules with the objective of mitigating such risks. Whereas others choose to drill down the same into manageable components that could help with eliminating them to some extent. As simple as it seems there are a lot more factors at play when it comes to Risk management in general.
Assessments are critical in determining where disparities exist at any location. As a result, the approach to the same serves as the structural foundation for evaluating the mitigation strategy for the remainder of the site. A thorough examination of the surrounding geography is conducted due to the geopolitical landscape's potential influence on business continuity or access to and from the places in issue. The overview delves deeply into the overall mood of the area's residents. A sociological research to ascertain the important people in the landscape who exert influence on local events. An investigation of the overall average income to determine the reason for intent in order to forecast the likelihood of pilferage and theft in the region. Correlation of the aforementioned data points with the crime index and reported offences in order to identify important risks and estimate the local liaison capacity and reaction time in the case of an unanticipated catastrophe. A meteorological analysis, used to determine disaster readiness and the influence on continuity in order to estimate the reaction in the case of natural disasters.
Risk categorization is a vital aspect of risk management as some risks are unforeseen and accidental while others can be anticipated and planned for. A detailed risk Assessment takes into account factors such as health and safety, Organizational Environment , Governance etc. In addition to the variables considered, this risk assessment deals with causality and uncertainty which is a key aspect describing the overall Risk of the business. By considering risk in relation to assets to be protected in conjunction with security measures instituted one can obtain a holistic view of the entire security architecture in real time. This inturn facilitates an in depth categorization of risks associated with the business and gives additional insight on the priority of each whilst measuring its immediate economic Impact.
This analysis is further strengthened by viewing the said risks through the lens of time, policy and Processes which engulf a myriad of variables that are otherwise ignored.
Time is a vital factor governing productivity and performance. Through analysis of of the system using time in isolation, a plethora of information can be generated which is used to drive Operations
Process volatility is a key aspect of any business. With a view to streamlining productivity within the organization, process monitoring was a key factor governing the overall architecture of the entity.
The purpose of policies is to provide standardization in daily operational activities. They are essential in providing clarity when dealing with issues and activities that are critical to health and safety, thus operating within the stipulated policies ensures a translucent functioning keeping in lieu with legal liabilities and regulatory requirements.
These verticals allow for a detailed insight into the various aspects of the operating module thus creating transparency with a low margin of error.
This allows the Security Architecture to cater for Risks through
Structured Approach to Issues
Efficacious Risk Mitigation Strategies
Seamless Communication throughout the Organization
Enhanced Monitoring and Accountability
The early 2000s witnessed a White goods phenomenon, a tremendous surge in the production of advanced equipment paved a revolution in the security Industry. Eventually the decade was claimed by automation, digitization as a successor to the era of solely man guarding. However amidst these changes through the mid 2000s manpower was the only constant. The cost of Manpower kept increasing substantially as industries expanded and deployments were insufficient. What's strange was that these happenings were understood but least accepted. It was clear that the two pillars, namely personnel and white goods, needed to communicate for their gap to reach an asymptote.
Change is the only constant ; the pillars of Risk needed to be bridged through an efficient operating model created on the basis of the risk landscape. Efficiency tracking, productivity, video analysis, attendance, inventory are some of the few critical aspects that need analysis. The pivotal transformation being sequencing of physical security and governance of risk brought about by efficient utilization of white goods. Risk being the primary variable is managed and undertaken within the cost and using precise quantitative modelling strengthened through data. Till then adoption of a Philosophy that uses real time situations of the business and the industry and constant R&D to cater to a principal solution that is cost effective which yields better output and through Sops, Policies ,Processes wasn't heard of. This allowed for a dynamic, robust, well engineered, resilient and cost effective module that is more sustainable than a pure technology application by a combination of People, Technology and Processes thus mitigating risks through an in depth approach
Security Architecture encompasses various aspects of the entire system. Owing to the number of variables at play the risk mitigation strategies demand for a combination of Distributed Technology/ Manpower to ensure sustainability of the operating environment. Over the past couple of years, the industry has witnessed a surge in the demand for guarding forces across multiple locations due to lack of alignment of Technology to Real Time Physical Security. Coincidentally these places also harbored labour law infringements as a result of the increased deployment along with a substantial rise in Operational Expenditure.
Sensing a change in the paradigm of scenarios, a Security module should take into consideration the former enabling the said system to adapt in order to overcome ever changing business landscape. Calibration of physical security to Tech was one of the major challenges which needed to be bridged resulting in an Ideal ratio with respect to the Security Spend keeping in mind the uncertain Risk Effect. The constant data churning through IOT devices and other feedback mechanisms help factor in changes in business output thus optimizing the security Module in real time as and when necessary.