Security

What is the Most Critical Buying Proposition in Physical Security Today?

Stay ahead of the pack

with the latest independent smart building research and thought leadership.

Have an account? Login

Subscribe Now for just $200 per year per user (just $17 USD per month) for Access to Quality Independent Smart Building Research & Analysis!

What Exactly Do you Get?

  • Access to Website Articles and Notes. Unlimited Access to the Library of over 1,700 Articles Spanning 10 Years.
  • 10% discount on ALL Memoori Research reports for Subscribers! So if you only buy ONE report you will get your subscription fee back!
  • Industry-leading Analysis Every Week, Direct to your Inbox.
  • AND Cancel at any time
Subscribe Now

2018 was the year that most stakeholders in the Physical Security Industry finally got the message that the Cyber Security threat was capable of causing untold harm to their business. That unless they invested in making sure that their products or services were not vulnerable to cyber attack, it could impact on their business and probably bring massive claims for the ensuing damages.

Security experts had been warning for years that IP devices unless protected from cyber attacks could close buildings and operations down and cause serious safety problems and likely bring damages against manufacturers and installers.

New legislation such as General Data Protection Regulations (GDPR) being introduced across Europe came into operation in 2018 and included updated definitions of personal information and will apply to companies operating in the European Union. The UK Information Commissioner’s Office (ICO) has indicated that GDPR will apply to buildings, including location tracking and sensor technology.

Building services such as BMS and Physical Security systems are targets for organised criminals who wish to research an organisation as part of a targeted attack. For example, an access control system could provide the name, photo, location, department, privilege and potentially biometric information of a member of staff. Such a breach of personal information, if not discovered and notified, could lead to large fines for the organizations that have not complied with the GDPR legislation.

So now one of the critical buying propositions of physical security is “What have you done to make this equipment less vulnerable to cyber attacks”? The owners and operators of buildings, particularly those having large building estates need to know that manufacturers and installers fully understand what needs to be done to reduce vulnerability and make sure it is applied to their equipment and systems.

For buyers in the enterprise market today it must be one of the most important buying propositions along with the performance and cost of the equipment. Recent investigations on the sales performance of some of the leading suppliers of video surveillance products has shown that there is a correlation between companies that have a poor record of susceptibility to cyber vulnerability and a relative decline in sales performance.

We believe that with time this link will become much stronger and ultimately will reduce such companies to serious decline in sales.

Most Popular Articles

Complimentary Article Building Data UNS Unified Namespace
Smart Buildings

#Podcast 29: How Can We Fix Building Data Integration Problems?

In our Podcast series “Sh*t You Wish Your Building Did!”, Memoori explores the intersection between technology and commercial buildings through interesting conversations. For Episode 29, we were joined by Brahm Lategan, Smart Building Consultant at MiX. We dived into the world of Commercial IoT Building Data. Why are data integration problems in commercial buildings so […]

Complimentary Article AI Interface Commercial Buildings
Smart Buildings

Recording: AI as an Interface for Commercial Buildings

Here is the recording and presentation from our live stream with Jonathan McFarlane from PlaceOS discussing how AI Large Language Models (LLMs) will change the way we interact with our buildings. The future of building system user interfaces is not dashboards! Artificial Intelligence, and specifically LLMs, will change commercial building system interactions from “point & […]

Matterport Costar Acquisition
Smart Buildings

What’s Behind the Acquisition of Matterport by CoStar?

In this Research Note, we examine what’s behind the Costar acquisition of Matterport, the US digital twin business founded in 2011. This analysis is based on Matterport’s investor presentation 20th February 2024, 10K Annual Reports, and recent press releases. CoStar Business Founded in 1987, CoStar Group is a $2.5 billion revenue company, operating some of […]

Subscribe to the Newsletter & get all our Articles & Research Delivered Straight to your Inbox.

Please enter a valid email

Please enter your name

Please enter company name

By signing up you agree to our privacy policy