Banking & Finance security applications - Security beat

Convergint Focuses On Core Values As Acquisitions Fuel Rapid Growth

Convergint Technologies’ rapid growth has come through a combination of organic growth and acquisitions — they have acquired 35 companies since 2014. Growth has been a focus since day one when the founders started the systems integration company with 10 colleagues in a basement. Today, the diverse company includes more than 5,000 employees globally. As technology has advanced and business practices have evolved, Convergint’s core values and beliefs have guided their path forwa...

Looking Back At 2020: Security Industry Goes Virtual – And Cancels Trade Shows

An impact of the COVID-19 pandemic has been to accelerate change. In 2020, the security industry was among many others that sought to adapt to shifting norms. In the process, we grabbed onto new opportunities for change and, in many cases, re-evaluated how we have done business for decades. If necessity is the mother of invention, perhaps crisis is the mother of acceleration. This article will reflect on how these themes impacted the physical security industry in 2020, based on content we publ...

Looking Back At 2020: Security Mergers And Acquisitions Continue Despite COVID-19

Consolidation continued in the physical security marketplace in the turbulent year 2020. There were several mega-deals in addition to shuffling among small and medium-sized companies. Here is a sampling of M&A from this year, compiled from our archive of company news. With the changing economic climate, how much more is ahead in 2021? Stay tuned. Wesco merges with Anixter WESCO International, Inc., a provider of business-to-business (B2B) distribution, logistics services and supply chain...

New Milestone CEO Will Carry On Company Mission To ‘Make The World See’

As the new Chief Executive Officer of Milestone Systems, Thomas Jensen pledges to continue the company’s focus on protecting people and assets and to help organizations gain insight and optimize their business processes. Seeking to fulfill Milestone’s mission to ‘Make the World See,’ Jensen will maintain Milestone’s approach of being an open video management system (VMS) platform and having an open company culture. End-User communities “I will also be work...

Zigbee Alliance Developing Project CHIP For Connected Home Over IP

Zigbee is a familiar name in the smart home arena, and the Zigbee Alliance is expanding its technology approach to address the challenges of the Internet of Things. As the Internet of Things (IoT) has evolved, the need has become obvious for stronger unity among brands and ecosystems to enable products within smart environments to work together more easily. Working to serve that need is the Zigbee Alliance, which seeks to promote collaboration in the Internet of Things by creating, evolving, an...

Industry Experts Reflect On Technology And Operational Impacts Of COVID-19 Pandemic

Close collaboration with customers has been a hallmark of the physical security industry for decades. And yet, less ability to collaborate face-to-face to discuss customer needs has been a consequence of the COVID-19 pandemic. “True innovation, which comes from close collaboration with customers, is more difficult to achieve remotely,” said Howard Johnson, President and COO, AMAG Technology, adding “Not being able to visit in person has not been helpful. Kurt John, Chief Cybe...

Inclusion and Diversity in the Security Industry: ‘One Step at a Time’

Historically, concerns about inclusion and diversity have not been widely discussed in the security market. In the last couple of years, however, the Security Industry Association (SIA) and other groups have worked to raise awareness around issues of diversity and inclusion. Specifically, SIA’s Women in Security Forum has focused on the growing role of women in all aspects of security, and SIA’s RISE community has focused on “rising stars” in an industry previously domin...

LEAF Identity Consortium Enables Interoperability With Encrypted Smart Cards

Can a smart card be used securely for multiple applications (and among multiple manufacturers )? End users are demanding such interoperability, and they also want openness to switching out components of their access control systems in the future without being “locked in” to one vendor. Those are the goals of the LEAF Identity consortium, a collection of companies that share and support end user-owned encryption keys stored securely in smart cards with MIFARE DESFire EV2 chips and ar...

Next-Gen Face Recognition Uses 3D Sensing, AI Depth Processing And Lower Power

Facial recognition is becoming more popular in newer systems for access control — a shift that began before the pandemic and has intensified with a market shift toward “touchless” systems. A new facial recognition platform is emerging that responds to the access control industry’s increased interest in facial recognition by expanding the concept with a new higher level of technology. At the core of the new system is high-performance, true-3D sensing with facial depth ma...

Rule Triggering ‘Blacklist’ Provision of NDAA Ready to Take Effect

Within days, a rule will take effect that bans from U.S. government contracts any companies that “use” video products from Chinese companies Hikvision and Dahua. The Federal Acquisition Regulation (FAR) rule implements the “blacklist” (or “Part B”) provision of the National Defense Authorization Act (NDAA), which is understood in the security industry as prohibiting dealers and integrators that do business with the federal government from selling Chinese-made...

Alarm.com Adapts During Pandemic to Enable Partners to ‘Succeed Remotely’

As a cloud-based platform for service providers in the security, smart home and smart business markets, Alarm.com has adapted quickly to changing conditions during the coronavirus pandemic. In the recent dynamic environment, Alarm.com has kept focus on supporting their service provider partners so they can keep local communities protected. “We moved quickly to establish work-from-home protocols to protect our employees and minimize impact on our partners,” says Anne Ferguson, VP of...

Recognizing The Importance Of Security Officers To Promote Safety

The general public doesn’t give much thought to the important role of security officers in creating and promoting safer environments. The low-profile work of security officers is vital to protecting people, places and property. During the pandemic, newer aspects to that role have emerged. Security personnel have been called on to perform diverse tasks such as managing queues at the supermarket, safeguarding testing centers and hospitals, ensuring food deliveries, and supporting police pa...