Issue link: https://securitytechnologyexecutive.epubxp.com/i/229956
Available Exclusively on By Moti Shabtai Banking & Financial: 5 reasons why banks should leverage PSIM There are few industries that spend more on physical security than retail banking. With hundreds or even thousands of branches to secure and protect, banks invest in all types of technologies, from CCTV and access control to fire alarm and vault management systems. Monitoring and managing these systems across the enterprise can be costly as well. Mergers and acquisitions (which are commonplace in the banking industry) can create new complexities, as the "parent" bank is faced with either absorbing the other bank's legacy security systems or "ripping and replacing" them. It's true that investing in security is a necessary cost of doing business. But when PSIM is added into the equation, banks actually have an opportunity to build a stronger ROI. Here are five ways banks can reduce their operational and capital investment costs using PSIM. 1. Eliminating rip and replace costs, control center consolidation Banks that grow through mergers and acquisitions often strive to centralize their security operations for operational efficiency and savings. But this can require extensive custom integration or ripping and replacing of existing technology, which is very expensive. PSIM offers a better alternative 2. Faster response times Experience shows that PSIM can improve incident response times by 75 percent. An incident that typically takes 20 minutes to handle will take five minutes instead. This is possible because PSIM automatically correlates data across sensors and systems to give the security operator instant situational awareness. 3. Reduced training costs When systems are integrated through PSIM, the operator only needs to know one environment. This significantly shortens training time to get operators up-to-speed. 4. False alarm reduction The cost of false alarms and resulting unwarranted dispatches can be substantial, not to mention the related drain on internal resources. PSIM reduces false alarms by correlating various data sources for accurate and quicker alerting, and by giving operators the ability to instantly verify the authenticity of alarms prior to dispatching resources. 5. Future ROI PSIM can easily scale to integrate new sites, systems, sensors, even analytic applications. This means banks can continue to grow their ROI on their original PSIM investment over time To see an expanded version of this article, go to: http://www.securityinfowatch.com/article/11258799 www.SecurityInfoWatch.com Best practices for BYOD policies Let's face it: bring your own device (BYOD) situations are here to stay. With the ubiquity of employees having and using smartphones and tablets – devices that have more capacity and processing power than desktop computers from not so long ago – it was inevitable that employees would eventually start to use their own devices in a work capacity. This new reality presents benefits for employers, as their employees can now be productive away from the office and be responsive to work situations as they arise. There's more – read the full article at http://www.securityinfowatch.com/ article/11258541 Transportation security market booming The report "Transportation Safety and Transportation Security Market Modes (Airways; Seaways; Roadways; Railways); Systems (Access Control; Surveillance, Scanning, Screening, Tracking, Navigation, Fire Safety) - Worldwide Market Forecasts (2013 - 2018)", has just been released touting huge growth in this vertical market sector into 2018. The report defines and segments the global Transportation Safety and Security Market into various sub-segments with in-depth analysis and forecasting of revenues. This report also identifies drivers and restraints for this market with insights into latest trends, opportunities, and challenges. There's more – read the full article at http://www.securityinfowatch.com/ news/11254486 Fixing your job description Opportunities to think strategically and critically, and to take a long-term look at things both forward and back, are much rarer these days due to the constant bombardment of email, text, instant messages and phone calls. One value of a job description review is that it provides a point from which to elevate oneself up to a high-level view of things, with consequent realizations and insights that can benefit you and your security program. There's more – read the full article at http://www.securityinfowatch.com/ article/11238932 SECURITY TECHNOLOGY EXECUTIVE • November/December 2013 17