|Corporate security identifies and effectively mitigates or manages, at an early stage, any developments |
that may threaten the resilience and continued survival of a corporation. It is a corporate function that
oversees and manages the close coordination of all functions within the company that are concerned
Security risks have become more complex. Many of the threats, such as terrorism, organised
crime and information security, are asymmetric and networked, making them more difficult to manage.
There is a greater appreciation of the interdependence between a company’s risk portfolio and the way
it does business: certain types of behaviour can enhance or undermine an organisation’s ‘licence to
operate’, and in some cases this can generate risks that would not otherwise exist. As a result, security
has a higher profile in the corporate world today than it did ten years ago. Companies must look for new
ways to manage these risks and the portfolio of the security department has widened to include shared
responsibility for things such as reputation, corporate governance and regulation, corporate social
responsibility and information assurance.
Characteristics of Corporate Security:
- Both a strategic and operational activity.
- Concerning with overall corporate resilience.
- Delivering security through everyday actions and decisions
- A business of change management rather than enforcement.
- Legitimacy comes from business acumen, people skills, management ability and communication expertise.
- Helping the company to take risks rather than prevent them and therefore at the forefront of new business development.