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Addressing Insider Threats: Strategies for Protecting Business Assets

When discussing security threats to business assets, cybersecurity often takes center stage. However, it's crucial not to overlook the significance of physical asset security. Insider threats, originating from individuals within an organization, can pose a substantial risk to the protection of an organization’s most valuable assets. Employees, contractors, or business partners with authorized access can exploit their privileges, making it essential to understand effective strategies that address insider threats and protect physical business assets. 

Some critical considerations include:

Addressing Insider Threats

Develop Comprehensive Access Controls

Implementing stringent access controls is fundamental to safeguarding physical assets. Begin by conducting a thorough assessment of the assets within your organization. Categorize them based on their importance and sensitivity levels. Next, establish access controls that grant employees and authorized personnel access to assets on a need-to-know basis. By limiting access privileges to specific individuals, you minimize the risk of insider threats. Utilize physical access control systems, such as ID cards, biometric authentication, or keypads, to prohibit entry to restricted areas.

Conduct Background Checks and Screening

Before granting access to physical assets, conduct comprehensive background checks and screening of employees, contractors, and partners. This includes verifying credentials, checking references, and scrutinizing past employment history. Ensure that individuals with access to sensitive areas or valuable assets have undergone a thorough and appropriate vetting process. By screening personnel prior to granting access, you reduce the likelihood of malicious actors infiltrating and compromising your organization.

Implement Video Surveillance Systems

Video surveillance is an effective deterrent and detection tool against insider threats. Install surveillance cameras strategically throughout your premises, focusing on areas with high-value assets or restricted access. Ensure that surveillance systems cover entry points, storage areas, and other critical locations. Back up surveillance footage regularly and retain it for an appropriate duration. Not only does video surveillance help identify potential insider threats, but it also acts as evidence in investigations or legal proceedings, if required.

Practice Asset Tracking and Inventory Management

Maintaining an accurate inventory of your physical assets is crucial for identifying any discrepancies or losses promptly. Implement an asset tracking system that allows you to monitor the movement and location of assets within your organization. Regularly conduct physical audits to reconcile the recorded inventory with the actual assets. This practice not only helps deter insider theft but also aids in detecting errors, misplacements, or unauthorized movements of assets.

Establish Clear Policies and Procedures

Develop and communicate clear policies and procedures related to physical asset security. Outline guidelines for asset handling, storage, and disposal. Ensure that employees are aware of the consequences of violating these policies and the importance of protecting business assets. Train employees on proper asset management and security protocols. Additionally, establish protocols for reporting suspicious activities or incidents related to physical asset security.

Encourage Vigilance and Reporting

Foster a culture of vigilance and encourage employees to report any suspicious activities they observe. Establish a confidential reporting channel where employees can report concerns without fear of reprisal. Regularly remind employees of the importance of their role in safeguarding physical assets and provide clear instructions on how to report potential insider threats or security breaches. By promoting a culture of awareness and accountability, you increase the likelihood of early detection and prevention of insider threats.

Solucient Security Can Help Solve Your Business Security Concerns

At Solucient Security, we understand how mission-critical physical asset security is for any business. We create customized commercial security solutions that address both insider and outsider threats to protect your most valuable assets. Make sure to take our free Security Risk Assessment to address your risk level and learn how to best mitigate potential threats.