Executive Protection Programs transform high corporate risk quotients into low-level facts of business operations, but to do that, accurate Risk intelligence is a must-have.
Learn how you can, hand-in-hand with an Executive Protection Team, successfully incorporate risk intelligence into your company’s Executive Protection Program.
“You want assured safety and protection from the vicious risks and threats that affect companies today? Get Executive Protection!”
What a tagline that would be if used to advertise Executive Protection Services, but that’s it; that’s the basis for any individual or company hiring Executive Protection Services. It’s because they need protection.
Companies today face added risks and threats that could render them vulnerable to physical and digital attacks if not curtailed. These risks and threats span data breaches, climate change, financial crises, lack of innovation, inflation, you name it.
And because of these, companies, more than ever, are as vulnerable as it gets, which is why many of them, mainly Fortune 500 companies, have set out to create solid security programs for their protection.
When a company curates a standard Executive Protection Program, a part of the basics you’d expect would be executed includes Risk Management and Risk Intelligence. Both form the strengthened foundation needed for whatever comes next as the Executive Protection Team offers its services to the company.
But in simple terms, what does Risk Intelligence mean, and why is it essential to an Executive Protection Program? Check that out next:
What is Risk Intelligence, and why is it important?
Risk Intelligence is a company’s ability to gather data and information that can reveal loopholes, uncertainties, and flaws in its environment. With risk intelligence, a company can easily anticipate, plan for and respond to threats, making informed security decisions and protecting itself better in the process.
Compared to a company without Risk Intelligence, a company that does have it down to a tee gets the competitive advantage because it can proactively predict threats and establish security for itself on all fours — we’re talking protection from governance, risk, and compliance-related threats.
How to embed Risk Intelligence into your Executive Protection Program
Now, let’s dive into the main talking point — how you can successfully integrate Risk Intelligence into your corporate Executive Protection Program. There are varying requirements you must consider to do this well enough, and these requirements are expounded on as follows:
Examining your company’s risk landscape
Even the best Executive Protection Program will fail if you don’t have an accurate understanding of the risks you’re trying to combat. It’s all part of Risk intelligence — having the capacity to determine the existing threats to your company’s safety, but how can you determine these threats in the first place if you don’t have an idea of their subsistence initially?
Examining your company’s risk landscape gifts you accurate Risk Intelligence, which you can then incorporate into the structure of your Executive Protection Program.
One way to undertake an excellent examination of your company’s risk landscape is to use risk assessments to identify any high-threat areas for your business. Risk assessment helps you identify, analyze and evaluate existing risks that may harm your business or the people working at your company.
For example, a suitable risk assessment for your company may expose you to the fact that many of your team members work in coffee shops, libraries, or other shared spaces with public wi-fi, so they unintentionally put your protected information at risk.
With this information, you can then incorporate the gained Risk Intelligence into your Executive Protection Program — analyzing just how this risk can be dealt with effectively, perhaps through extra security steps, such as two-factor authorization or a requirement to use W2-protected wi-fi sources.
Embedding Risk Intelligence into the company culture
Embedding Risk Intelligence into your company’s Executive Protection Program is not a one-person task; it will require all hands on deck because you’ll need to garner risk data, analyze it and curate solutions to them, solutions that cater to your company’s specific needs.
As such, it will be necessary to holistically embed Risk Intelligence into your company’s culture and management procedures. This won’t require any complex training or expert knowledge being passed down to the staff; instead, a simple education for the company staff on the relationship between adequate risk mitigation and business profitability will suffice.
This will help inform every employee of their responsibility as well to cater to the security needs of the company and watch out for existing loopholes that physical attackers and cybercriminals can exploit.
Having the best Professional Assistance
Many Executive Protection companies pose themselves as the best, but we know the truly great ones by their fruits now, don’t we? It’s pretty simple, even though you’re the party requiring an Executive Protection Program and having all the knowledge about the workings of your company, you don’t hold all the power when it comes to handling Risk Intelligence.
There are certain Executive Protection industry best practices you may not have been exposed to that could prove very useful for successfully integrating your Risk intelligence with the Executive Protection Program successfully. These best practices and strategies are often known by Executive Protection experts who provide them to you upon hire.
So, it’s more than essential to be sure you have the best Executive Protection team at hand to assist your company with handling the integration of any rising Risk Intelligence with your Executive Protection Program. This will help make the process more seamless and provide you with a greater guarantee of security than you’d have if you went about it alone.
Being adaptable to Change
Whether we choose to accept it or not, change is constant; and that fact will never change (no pun intended),
Whatever strategies you use to incorporate Risk Intelligence into your Executive Protection Program today may not be effective tomorrow. Also, the scope of Risk Intelligence itself grows every day alongside technological advancements and changes brought about to ease how specific issues are approached and resolved.
So, being able to embed adequate Risk Intelligence into your Executive Protection Program successfully will require you to be adaptable to frequent changes. You should be open to new strategies for embedding and efficiently staying up to date on new risks, threats, and existing loopholes in your business operations for easy protection from these threats.
In simpler terms, you can’t use yesterday’s Risk Intelligence to solve today’s Risks.
Also, being informed about new risks and curating an adaptable Executive Protection Program keeps you informed, and informed companies can benefit from versatile Executive Protection Programs because they use newly incorporated intelligence not only to react to present threats but to prevent future ones.
Adaptability to change will require top measures like regularly automated risk assessments, daily risk intelligence gathering, predictive incident preparation, and more accurate measuring of risk tolerance.
With these tips, your company can successfully embed appropriate Risk Intelligence in no time! However, you should notice that these tips mainly border on two pillars — corporate tenacity and support. Just like Rome wasn’t built in a day, embedding Risk Intelligence into your Executive Protection Program will be a gradual process.
However, a guiding hand will be more than necessary for assured success and business protection, which is why tip-top Executive Protection Companies are always recommended to businesses looking for operational risk identification and solution services.
If you’re in the market for such services, look no further! Here at Security Pro, we connect you with the cream of the crop in Executive Protection and Executive Protection Program execution. We do the research and due diligence and give you many options containing the very best you can find.