Survey: 28% of Businesses Experienced Rising Security Incidents in 2022

Survey: 28% of Businesses Experienced Rising Security Incidents in 2022

  • Jan 23, 2023

Pro-Vigil, a provider of remote video monitoring, management and crime deterrence solutions, today published its third annual "The State of Physical Security" research report. It revealed that amid ongoing supply chain issues and emerging economic uncertainty, businesses experienced a rise in physical security incidents in 2022. Yet many businesses have not updated their security strategies, despite believing these incidents will continue to rise in 2023.

To better understand the physical security threats businesses are facing today, and what they're doing to combat them, Pro-Vigil polled 149 operations leaders across a range of industries including construction, dealerships (car/truck/boat/RV), retail, and manufacturing, among others. Key findings from the survey include:

Physical Security Incidents Continue to Rise

  • 28% of respondents saw an increase in physical security incidents in 2022, matching the mark from Pro-Vigil's 2021 survey and up from just 20% in 2020.
  • 39% believe the state of the economy is the cause behind rising security incidents, while 26% believe the supply chain is to blame.
  • 91% believe the number of physical security incidents will increase or stay the same in 2023.

Security Incidents are Impacting Business Operations

  • When it comes to the type of incidents impacting businesses most, almost half (48%) say theft is to blame.
  • These incidents are having real business impacts, with 40% of respondents reporting project delays and 25% reporting their cash flow has taken a hit.

Businesses Fearful, Yet Security Strategies Remain Outdated

  • Despite more than 90% of respondents saying security incidents will stay the same or increase in 2023, 42% have not changed their security strategy.
  • Less than half, 41%, are using Remote Video Monitoring to secure their business.
  • Construction businesses, in particular, are facing an elevated threat with 66% reporting at least one security incident in 2022. However, 43% did not change their security strategies.

To download Pro-Vigil's research report, "The State of Physical Security Entering 2023," please visit here.

Featured

  • Live From ISC West: Day 2 Recap

    If it’s even possible, Day 2 of ISC West in Las Vegas, Nevada, was even busier than the first. Remember to keep tabs on our Live From ISC West page for news and updates from the show floor at the Venetian, because there’s more news coming out than anyone could be expected to keep track of. Our Live From sponsors—NAPCO Security, Alibi Security, Vistacom, RGB Spectrum, and DoorKing—kept the momentum from Day 1 going with packed booths, happy hours, giveaways, product demonstrations, and more. Read Now

    • Industry Events
    • ISC West

  • Visiting Sin City

    I’m a recovering alcoholic, ten years sober this June. I almost wrote “recovered alcoholic,” because it’s a problem I’ve long since put to bed in every practical sense. But anyone who’s dealt with addiction knows that that part of your brain never goes away. You just learn to tell the difference between that insidious voice in your head and your actual internal monologue, and you get better at telling the other guy to shut up. Read Now

  • On My Way Out the Door

    To answer that one question I always get, at every booth visit, I have seen amazing product technology, solutions and above all else, the people that make it all work. Read Now

    • Industry Events
    • ISC West

  • Return to Form

    My first security trade show was in 2021. At the time, I was awed by the sheer magnitude of the event and the spectacle of products on display. But this was the first major trade show coming out of the pandemic, and the only commentary I heard was how low the attendance was. Two representatives from one booth even spent the last morning playing catch in the aisle with their giveaway stress balls. Read Now

    • Industry Events
    • ISC West
Most   Popular

Featured Cybersecurity

New Products

  • ABLOY IP54-rated Integrated Dust Cover

    ABLOY IP54-rated Integrated Dust Cover

    One of the things that keep security managers on high alert is the real possibility the security locks used to safeguard their properties may unexpectedly fail due to environmental conditions. 3

  • SecureAuth

    SecureAuth

    The acceleration of digital transformation initiatives as a result of COVID-19 has created a lasting impact on how businesses empower their workforce and engage customers. 3

  • ALTO Neoxx Electronic Padlock

    ALTO Neoxx Electronic Padlock

    Built to withstand all access control needs, the tough new SALTO Neoxx electronic padlock takes security beyond your expectations. 3