Massive hacks and data breaches are appearing in the news more frequently lately. The most recent breach occurring at Equifax, one of the three major credit reporting agencies, which compromised the data of its 820 million consumers and more than 91 million business customers worldwide. According to CNN Money, 143 million people in the United States may have had their names, Social Security numbers, addresses, birth dates, and driver’s license numbers accessed in this breach.
With headlines like that, it’s obvious why more companies are increasing the amount of money and resources spent on cybersecurity; but does that mean organizations are neglecting to monitor their enterprise’s physical security measures? According to Security Magazine, many professionals believe physical security has been “overlooked and underfunded when compared to the current level of risk.”
Although some organizations are lacking in a strong physical security solution, a recent analysis report by Markets and Markets shows that the current physical security market is projected to grow from $69.63 billion in 2016 to $112.43 billion by 2021—creating a compound annual growth rate (CAGR) of over 10 percent during those years. Meaning, companies are becoming increasingly aware of the importance of eliminating potential physical threats in the workplace.
Some of the most critical environments security professionals monitor and protect include the organization’s physical perimeter, data center, executive floor, and human resources. These areas are typically secured using password- or identity-protected doors and gates accessed with keypads and ID cards. However, many companies are beginning to invest in solutions that involve employees accessing different work zones using their mobile phones. With these advanced security systems, employee phones can be instantly granted customized access to specific locations within the office, and revoked at any time by a system administrator.
Not only does this create very individualized accessed, but it also allows system administrators and C-level executives to closely monitor who has access to what, where, and when. Connected security solutions provide a higher level of security and more advanced reporting abilities to help companies stay in control and more effectively do business.