Banking & Finance security applications - Expert commentary

Urban populations are expanding rapidly around the globe, with an expected growth of 1.56 billion by 2040. As the number of people living and working in cities continues to grow, the ability to keep everyone safe is an increasing challenge. However, technology companies are developing products and solutions with these futuristic cities in mind, as the reality is closer than you may think. Solutions that can help to watch over public places and share data insights with city workers and officials...

This year has brought about changes in virtually every sector. As with other frontline industries, the security sector has been tested more than those able to move entirely to remote working. While the promise of a vaccine means an end is in sight, the post-COVID era will not bring with it a return to the ‘normal’ we knew before the pandemic. Organizations have adapted, becoming more resilient and agile and this will have lasting effects. The coming months will continue to be testi...

The explosion of artificial intelligence used to enhance business processes, propel innovative products, and further automation has touched essentially every industry to date. The security sector, notable for its maturity and complexity, is not exempt from the AI tidal wave. In fact, quite the opposite, the security sector and more specifically the domain of video surveillance have seen an emergence of AI-powered solutions both hardware and software. The widespread adoption of IP cameras, clou...

As a leader, I am a big proponent of using what’s happened in the past — and is currently happening in the present — to better prepare our business and our customers for what’s to come. Applying this mindset in the financial industry is particularly helpful. The emergence of various technologies and trends enables us to determine what we can optimize for the highest efficiency and satisfaction level. The past few years have been focused on the Internet of Things (IoT), d...

In a world forever changed by the coronavirus pandemic, companies worldwide are now expanding their concept of physical security to best safeguard their facilities and employees. Few incidents have had as much of an impact on businesses globally as the COVID-19 pandemic; much of the world is still struggling to contain COVID-19, navigating the lasting effects and exploring what the “new normal” looks like. While some organizations are still engaged primarily in “anywhere oper...

For decades, the nature of global safety has been evolving. From physical security threats like large-scale terrorist attacks and lone actor stabbings to chemical threats such as the Salisbury poisonings and even microbiological threats such as COVID-19, new challenges are constantly arising and the threat landscape we operate in today is constantly changing. Compounding the complexity of the security issues is the complexity and nature of attacks. With the economic downturn, there is the tradi...

The role of physical security has expanded and grown rapidly over recent years. Below are some of our observations, particularly throughout the pandemic, and a look towards the changing times ahead.  The new era of physical security The role of private security has shifted dramatically over the last decade and beyond. Historically, the focus was on protecting assets such as property and goods, but more frequently now the sector is being asked to play an even bigger role in protecting the...

It's a very common purchase for people to seek a smart security camera to remotely link them to their home while at work. Now the emphasis has shifted, with a lot more people working from home, business owners should consider a surveillance device to deter would-be thieves, protecting valuable equipment crucial for businesses to operate successfully. A robust security camera setup can aid existing security staff, and give business owners peace of mind out...

In part one of this feature, we introduced the shotbolt – a solenoid actuator – as the workhorse at the heart of most straightforward electric locking systems. Shotbolts remain at the core of most sophisticated electric locking solutions as well. But they are supplemented by materials and technologies that provide characteristics suited to specialist security applications. Here we look at some more demanding electric locking applications and contemporary solutions. Preventing forced...

As the multi-billion-dollar market for artificial-intelligence-based video analytics continues to grow, so does the number of video analytics solution providers. In Q3 of 2018, Stockholm-based consulting company Memoori identified 128 active companies in the supply chain for AI video analytics [i]. This list is far from exhaustive, considering how analytics has been gaining interest and becoming mainstream in 2020, with users expecting more accurate alerts based on object detection instead of m...

Many businesses will already have some form of security in place, but what is often overlooked is the need to assess whether the protection is suitable enough for the nature of their business, or efficient enough for the premises they are utilising. As the country continues to face unprecedented times, it is crucial than ever to protect your business, particularly outside working hours or if at present the majority of your workforce is working remotely for the foreseeable future. So, what can y...

Recently contacted by your credit card company because of a data breach or were you a victim of identity theft?  Many of us have either been affected by identity theft or know someone who has been affected. Many consumers are seeking a secure environment that is also user-friendly. Businesses are seeking the same, with absolute certainty, that only valid users can access critical data. How can your company tackle these security and usability requirements while ensuring customer satisfaction...