IMPLEMENTING A RISK ASSESSMENT PROGRAM TO HELP PROTECT YOUR BRANCHES

Banks and other financial institutions are faced with the critical challenge of ensuring the protection of their people, assets and information. Security Officers should utilize an ongoing assessment program to monitor and respond to changing risks and threats. Known as a Risk Assessment Program, the methodology utilized can be both facilities-based and incident-driven, considering all known sources of influencing information for the identification of risks as well as the examination of severity, frequency and operational impact. Areas of examination should include but may not be limited to: crime statistics, site incident history, neighborhood factors, nearby competitor security features, regulatory requirements and property issues. All identified risks are examined and mitigated individually with documentation maintained in department databases and reassessments driven by changes in the environment.

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