Physical Security
Environment Survey 2016
The
PwC report titled ‘Physical Security Environment Survey 2016’ examined the
recent trends and developments in the domain of physical security in India and
assessed the key challenges and issues that security professionals are
currently facing.
There is a need to
overhaul security standards and regulatory framework with cybercrime,
terrorism, fire and corporate espionage emerging as some of the biggest threats
to businesses in the coming years, according to a recent study.
The
report highlights the fact that while awareness about security issues is on the
rise, there is a need to overhaul security standards and regulatory framework.
Besides, there is also lack of confidence in facing natural disasters like
earthquakes and floods.
Key challenges
96 per cent of the
respondents felt there was an urgent need for most organisations to rethink
their business strategy to effectively respond to natural disasters while
73 per cent of the
respondents felt that the number of security incidents had increased over the
past two years and would continue over the next two years as well.
According to data
from the National Disaster Management Authority (NDMA), while more than 58.6
per cent of the country’s land mass is prone to earthquakes of moderate to very
high intensity, over 40 million hectares (12 per cent) of its land is prone to
floods and river erosion.
Further, close to
5,700 km out of its 7,516-km long coastline is prone to cyclones and tsunamis.
Moreover, India is also vulnerable to chemical, biological, radiological and
nuclear (CBRN) emergencies and other man-made disasters.
Incidentally, the
report also highlights the fact that India ranks 143rd on the global peace
index, lagging way behind the likes of Bhutan, Nepal, Sri Lanka and Bangladesh.
As per the report,
54 per cent of the respondents felt that the existing security standards,
legal, regulatory and compliance frameworks were not adequate to support
corporate security requirements. On the positive side, the report says that
respondents have acknowledged that there has been a paradigm shift in the
leadership perspective towards security risks and more power has been given to
physical security function.
According to the
study, 71 per cent of the respondents felt that the leadership of their
organisation considered security risks to be of strategic importance to their
business.
Further, 46 per
cent of the organisations surveyed in India conduct a physical security risk
assessment once a year while 17 per cent of the organisations conduct it
monthly, whereas two per cent have never conducted a physical security risk
assessment, states the report.
Interestingly, 62
per cent of the respondents felt that the security function was treated at the
same level as other business functions, such as human resources and facilities.
The survey, which includes views of security professionals from corporate
India, was conducted by the consulting major in collaboration with the American
Society for Industrial Security (ASIS), Mumbai Chapter.
Study Link | https://www.pwc.in/assets/pdfs/publications/2016/pwc-physical-security-environment-survey-2016.pdf
Regards
Pralhad Jadhav
Senior Manager @
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Khaitan & Co
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