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Exton, U.S.A. – The role of corporate security, regardless of industry, no longer is limited to nabbing shoplifters or investigating warehouse break-ins. Facing an expanding range of threats to the enterprise – including cyber-attacks, employee theft, online scams, terrorism, sophisticated financial schemes and workplace violence – today’s corporate security professionals increasingly rely on crime data and predictive analytics to forecast and manage crime risk.
As the cost and implications of crime continue to increase – in terms of security resource expense, liability exposure and brand reputation – corporate decisions relating to protection of employees, customers and assets must be based on statistics and science, rather than solely on opinion or experience.
Writing in the May issue of Security Magazine, Steven K. Aurand, Chairman and CEO of CAP Index, notes that “corporations increasingly require their top security professionals to apply a quantitative approach to justify their recommendations regarding selection of security procedures and equipment. Anecdotal reports, past experience and personal insights in decision-making have been replaced by objective comparisons, cost / benefit analyses and industry best practices as the basis for all resource allocations, performance evaluations and management of a company’s liability exposure.”
Summarizing this sea change in corporate expectations, Aurand’s Security Magazine piece notes that “an increasing number of security professionals at companies of all sizes have adapted to a new business world that’s driven by quantitative analysis, by learning how to leverage blended crime forecasting data to create, justify and anticipate returns on investments in equipment and human resources, and also to manage premises liability risk, in a manner that puts a smile on the face of their company’s CFO.”
Author Steven K. Aurand, together with noted criminologist Dr. Robert M. Figlio, founded CAP Index to leverage landmark research that predicted with high accuracy the likelihood of personal and property crimes occurring at specific locations. Today, CAP Index is recognized as the industry leader in crime forecasting, providing crime forecasting data and maps, as well as loss mitigation solutions, to 81 of the Fortune 100 Companies and other leading retailers, financial institutions, insurance companies and quick-service restaurant chains in the U.S., the U.K. and Canada.