95% of all businesses report having been victim to theft, the USA sees more than 4,00,000 cases of business burglary every year, and retail stores in US lose more than $800 million to burglaries annually!
Bet you did not factor in these shocking numbers in your grand business budget! Yet, analysts estimate an annual 7% revenue loss due to thefts and robberies.
Even more startling, almost half of these burglaries took advantage of lapses like unlocked doors and no alarm systems. 60% burglars state they would seek other targets if robust security and surveillance systems were in place. What all this means is that you need to be dead serious about your business’ physical security. Preventing unauthorised access and securing premises by deploying advanced AI based intrusion detection solutions is absolutely critical.
But first, there is more bad news. If you thought that the business loss due to intrusion incidents was just the market value of your stolen property, then I am afraid you are wrong. The damage runs much deeper. Let’s see how:
1. REPUTATION LOSS:
Trust is the currency of business. And, your businesses reputation is the balance in your trust account. With competition getting tougher, customers do not give you a second chance. You need to guard your reputation with both hands.
A robbery, injury to personnel or physical data theft due to an unmanaged intruder incident can dent profits by goodwill loss far in excess of the market value of the stolen assets.
2. SENSITIVE DATA THEFT:
Many physical attacks are aimed at stealing crucial information. Confidential data and private customer record theft can again cause damage that magnifies disproportionately both in time and money. You might lose valuable customers as a consequence.
COMPLAINCE BREACHES AND LEGAL BATTLES:
What’s worse is information loss by intrusion breaches can imbrue you in long drawn costly legal battles over compliance breaches. You need to plug the holes right at the premise security level to escape the pain. Worse, irate consumers may file anti-privacy law suits that just never seem to end.
4. DENT IN EMPLOYEE SECURITY AND TRUST CAN LOWER PRODUCTIVITY:
Workplace productivity is a happy confluence of many factors. Employee comfort levels and trust rank at the very top. Even one intruder incident can sow in fears and lower morale. All this entails that productivity nose dives into new lows. Even worse, you might lose some talented employees who seek more secure environments.
5. CAN ESCALATE INTO SERIOUS CASES OF DAMAGE TO LIFE, HOSTAGE OR TERRORIST SITUATIONS:
Though less likely, but a minor intrusion incident can suddenly snowball into something much more serious. Loss of life, physical injury, hostage and terrorist situations are some worst-case scenarios. The infamous North Hollywood shoutout of 1987 following a failed robbery is a case in point which saw more than 1700 rounds of gunfire.
6. PRECIOUS INTELLECTUAL PROPERTY LOSS CAN CAUSE MARKET SHARE DIPS:
If intruders get away with your high-value trade secrets or patents and sell it illegally, you can lose your crucial competitive advantage. Painful market share dips and revenue losses are the logical fallouts.
7. IDENTITY THEFT AND FRAUD:
With intruders armed with sensitive private details of your customers, they can play any kind of mischievous frauds with it. Identity theft is a serious issue which can lead to heavy financial damage. All this will come back to bite you as you were supposed to be the protector of user private data.
8. IF YOU ARE A BANK OR BIG WAREHOUSE, THE DAMAGE CAN BE 10X:
The nature of your business can make installing a high-grade intrusion detection and prevention system even more urgent and critical. For instance, if you are a bank with expensive customers valuables like jewellery in your lockers, you can brook no let-ups with your physical security. Similarly, if you are well stocked warehouse of expensive consumer products like high-end phones, televisions, cameras or luxury fashion items, you have to be always at your best in perimeter security.
And now before you think all is lost, here is the good news. Your premises can be secured with a high degree of accuracy using modern Physical Intrusion Detection Systems (PIDS).
Harnessing latest technologies like AI and machine learning, these end-to-end security systems can minimise intrusion incidents to a manageable low.
Here are the ways these systems can provide you peace of mind against security breaches:
1. ROBUST FIRST LINE OF DEFENSE:
Advanced intrusion detection and prevention systems provide solid physical perimeter security. Based on the progressive Deter, Detect, Delay and Deny framework, they protect you with increasing levels of sophistication with ultra -high grade security for your innermost high-value assets.
2. BASED ON CUTTING EDGE TECHNOLOGIES FOR PEAK PERFORMANCE:
Armed with top-grade sensors and cameras augmented by video analytics, these systems are also power packed with state -of -the -art intrusion prevention system software. Leveraging the full power of advanced technologies like AI, machine learning, analytics, and signal processing, these systems provide unprecedented reliability and performance.
3. MAXIMISE PROBABILITY OF DETECTION, MNIMISE FASLE ALARMS:
With robust capabilities, these systems detect intrusions with unscaled high levels of Probability of Detection (POD). However, from a practical stand point, it is also crucial to minimise false alarms due to wind, rain, silly trespassers or another nuisance.
With intelligent modern PIDS, you get best both of the worlds – high detection of real cases, and low false warning bells.
4. SECURE LARGE SPACES FROM A SINGLE CENTRAL CONTROL ROOM:
Equipped with modern control technology, these systems can monitor and secure large perimeters from a single central control room. No need to deploy multiple check points manned by costly human guards. All this means valuable capex savings.
5. GOODBYE TO HUMAN ERRORS WITH AUTOMATION:
Studies have revealed that human guards tend to lose concentration after 20 minutes of looking at monitors displaying surveillance images and data. These natural human lapses can prove very costly. With automated monitoring and alarm raising, these intrusion prevention systems provide greater accuracy and reliability.
Protecting your people, assets and data is your responsibility. You need to take a pro-active approach to physical premise security. Damage repair is far costlier than damage control. Partner up with a good surveillance company and enjoy peace of mind with advanced intrusion detection and prevention!!