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5 Tips for Planning Your Security Budget

Businesses face all kinds of security risks. Still, security planning can strain an already strapped budget, leading many companies to cut costs starting with their security infrastructure. Planning your security budget appropriately can avoid this; regardless of the percentage of your budget that goes towards security, it is how you allocate your resources that matter most.

 

  1. Perform a Risk Assessment

Evaluate the risks to your business, its data, and facilities. Whether you’re looking at technology assets or the physical security of your office, it’s important to realize just what types of security threats you need to protect your business from. Also, look at the resources you have available. Is your office or facility in a vulnerable location? Are your entrances properly guarded? What types of incidents have occurred in the past, and is your company located in an area prone to specific threats?

 

  1. Choose the Right Security System for Your Business

Once you identify how your business needs to be protected, you can determine the type of security system required and allocate the budget for it. But you need to consider factors such as who has access to your building, whether there are more effective ways to monitor your staff, and if indoor or outdoor security (or both) are needed. Whether your business has one location or is distributed across multiple sites can determine the best security solution as well. You can also enlist a reputable security systems provider to perform an on-site assessment and make suitable recommendations.

 

  1. Encourage a Culture that Embraces Security

Getting everyone involved can improve security from within. This means providing awareness training to employees and rewarding those who comply with your company’s security program, such as reporting incidents in a timely manner. A study by the Information Systems Audit and Control Association (ISACA) found investing in a security culture helps improve company reputation and trust among customers. Increased revenue was another effect observed, so you can see how planning your security budget can go a long way for your business.

 

  1. Hire and Train Security Professionals

Finding, hiring, and training the right people can help you get more out of your security budget. It also helps to train people in your organization. Recruiting your existing employees saves time; plus, they’re already knowledgeable about your business and likely its security needs. You might find someone who didn’t consider a security career before, but who has the right skills.

 

  1. Invest in Business Security Services

If your building’s security needs improvement, an outside security provider may be the best place to look. They can provide an on-site assessment and make recommendations for securing your facility. Building security assets such as video surveillance, alarms, patrols, and even remote monitoring can be provided at a cost that fits your budget.

Video surveillance is the leading trend in security because it now includes high-definition video, audio, and playback that can be accessed remotely. However, there are many types of security cameras and working with a provider can help select one that meets your business’s needs.

Trust Boyd & Associates for Your Security Needs

We are leading experts in video surveillance, intrusion detection, and access control systems. Patrol services are available and provided by experienced security officers. Trusted for business and home security and automation, Boyd & Associates can work with you to choose the right security assets and plan your security budget. Our specialty is total security, enabled by industry-leading expertise and the latest technologies. To learn more, call 888-919-3326.