In some ways, it’s so simple, it’s easy to miss. The goal of any security investment is, of course, to protect our most precious resources – our people, property, performance and reputation. That’s true whether we are a Chief Risk Officer of a Global Fortune 50 enterprise, a Security Director of a national sports franchise or the Director of a Family Office supporting a high-profile family of significant means.
But, at the end of the day, how do we measure the value of this investment? I have learned over my years of service there are three foundational tenets underlying strategic security:
1. Large organizations, business success and personal wealth attract attention. While some of the attention drawn to corporate success and personal wealth is overt and benign, the covert attention can be the most dangerous. Consider the risks associated with the insider threat. Fraud and embezzlement. Intelligence gathering on the part of competitors. And systemic advances in fraud, waste and abuse in the absence of an effective independent risk and compliance oversight function.
2. A baseline security capability is essential. It’s impossible to ensure business or operational continuity, political power and influence, financial stability and the benefits of wealth without security. You must have at least a baseline capability – at some level. And, just as importantly, this capability absolutely must evolve and adapt to constant changes over time in your risk, threat and vulnerability profile and how you define these dimensions.
3. Security is a state of mind. When addressed well, which is rare, a strategy-driven approach to security results in confidence. An overwhelming sense of well-being. Prevention matters. So does a focus on excellence. At Hillard Heintze, we understand security. But what we deliver is peace of mind. Call it assurance.