U.S. Businesses Need to Be More Prepared for Physical Risks

Summary. Today’s threat environment for businesses is more extreme than ever, with risk events like homicides, gun violence, and catastrophic weather on the rise. CEOs need to apply the same rigor to physical security as they do to cybersecurity. Business leaders need… With supply chain disruption, civil unrest, gun violence, global pandemics, catastrophic weather, war, inflation, and fear of recession, we’re in a new era of risk. Organizations have never faced a more extreme or uncertain threat environment. Business leaders should stop asking if they’ll face a crisis and get prepared for when . Most businesses are already doing this in the area of cybersecurity — which they view as the top business risk, according to recent data from PwC’s Pulse Survey . Now, CEOs need to apply the same rigor to physical security as they do to cybersecurity. Business leaders need to implement new operational strategies and cultivate new skills to protect their organizations. Specifically, this means creating new risk frameworks and implementing well-defined crisis plans to protect their organizations proactively. In short: Prepare now, or be caught unawares when the next crisis hits. Threats have been increasing Leaders should start by assessing today’s risk landscape and identifying […]

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