Serious security incidents can place people or property at risk. Unanticipated security incidents may interrupt the smooth operation of a household or business, as well as the distribution of products and services the latter provides. Every employer, manager or businessman must take all necessary measures to protect their property and staff. Besides, it has been proven that when employees feel safe they become more effective in executing their duties.
The same applies to people whose position or actions can make them a target of differently motivated individuals or groups of people.
It is reasonable to get concerned when a series of burglaries targets a certain neighborhood, but the burglars choose to skip certain houses and break into adjoining ones. Does this mean that an individual, a business or an organization can prevent such incidents by adopting certain actions? Is this actually possible? Without hesitation, the answer is ‘yes’. But the real question is “How can we make this happen?” Is the belief that it won’t happen to us enough or do certain steps need to be taken towards a specific direction?
Sadly, the starting point for the adoption of any action is admitting to ourselves that something bad can happen at any given moment and can cause damage or loss to us, those close to us or our property. We need to accept that our house might be broken into tonight, that we may be abducted tomorrow and be held for ransom or that a few days before we launch an innovative product, we find out that it has already been launched by someone who stole the designs from our e-mail account.
Harmful actions may be intentional or not and can be caused by humans or other sources. The point is that their consequences affect us and us alone.
Of course, it would be ideal if we could avoid damage and loss altogether. But when this isn’t possible, we must aim at mitigating the impact. Then we must understand that it is preferable to manage a risk or a hazard than to manage a catastrophic impact or consequence.
This is why we talk about risk management in the security sector. Risk management is a process that allows a business, an organization or an individual to methodically approach the threats or hazards they face or might face and aims at preventing them or at least mitigating their impact. It is a systematic and practical approach to managing uncertainty and mitigating any harm or loss.
The Risk Management Process enables the creation of a steady, practical and flexible approach to composing and structuring a threat assessment. From a security perspective, threat and hazard assessments are the most practical and common tool in the overall risk management process. Critical decision making is usually based on the individual assessments, therefore every assessment must include proposals for the attention of the decision makers. Besides, the objective of any risk assessment is to ensure that all the threats and hazards that might arise will be taken into account and that plans for their tackling will be prepared.
Steps of Risk Management
The Institute’s Consultants comply with the procedures and standards adopted by the European External Action Service (EEAS). They follow eight steps for the completion of the Security Risk Management:
- Assessment of the business or its plans. In the case of an individual, assessment of his actions or current situation (Programme assessment).
- Assessment of the threats that can endanger the business or the individual (Threat assessment).
- Vulnerability assessment of the businesse (facilities, procedures, practices) or the individuals in the environment they live and operate.
- Risk analysis.
- Description of available action options.
- Decision making based on the best option.
- Review and monitor.
We are at your service and eager to answer your questions about how the above can be implemented.