Threats and Risks Assessment Essay example

1148 Words May 9th, 2013 5 Pages
Threats and Risks Assessment
The determination of natural, man-made, and technological risks is the responsibility of security management and security personnel. Threats and risks are vital to determine to lessen the damages caused to assets within the organization. Retail organizations have many assets that are needed to be protected from threats and risks in order to maintain quality customer service. The threats and risks can either be caused from the inside threats or outside threats. The most common risks that are present in retail organizations are fires, internal and external thefts, and burglaries. Threats and vulnerabilities are managed and determined by security officials on a daily basis to ensure proper protocols are
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Assets and Loss Implications
The assets are what the organizations own either for retail, intelligence, or manufacturing just to name a few. Henderson Hall Marine Corps Exchange (MCX) is a retail organization ran by the Marine Corps Community Services (MCCS) and is part of a collective retail chain managed by MCCS at all Marine Corps Bases, overseas and stateside. The assets that are owned by Henderson Hall MCX are mainly merchandise ranging from electronics, home supplies, to consumables, and from jewelry to clothing articles and accessories for men and women. The merchandise totals more than $1,000,000 and receives merchandise on a daily basis. If Henderson Hall MCX was hit hard by any risks, internally or externally the organization would struggle without help from other MCX locations. The loss implications would come from interviewing upper level management and middle management personnel that have experienced loss from any risks that’s were experienced in the organization. “The identification of all company assets, coupled with a history of loss exposure for the company and other companies similarly located and engaged in a like or similar activity, will normally be sufficient to identify most of the major risks involved” (Broder & Tucker, "Chapter 2, Risk Identification," 2012). Some types of records that can be examined are known loss reports, inventory counts,

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