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ARTICLE · 11 MAY 2004

Managing Risk for Security Governance

In the converging world of information and physical security emerges a new risk element: managing "Security Governance."

United StatesCorporate/Commercial Law
Peter Higgins
Peter Higgins

In the converging world of information and physical security emerges a new risk element: managing "Security Governance."

The 2003 Council on Competitiveness Corporate Security survey conducted by Wilson Research Strategies found that:

  • Most business leaders see security as a top or high priority – 86%;
  • Risk management assessments are conducted frequently – 83%;
  • Connections to critical infrastructure are becoming a focus for risk management;
  • Corporate leaders see opportunities for positive returns on security investments – 71%;
  • Business leaders believe that the private sector should take the lead in setting security standards-- 66%, and
  • The majority of executives believe that the public and private sectors share equal responsibility for homeland security – 57%.

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