The banking and financial industry pays $56.7 billion to maintain financial crime compliance. This is part of the reason why bank security services are crucial in the industry. As costly as financial crimes are, financial and banking institutions have many other risks they must also account for.
As the owner or manager of a financial or banking institution, you know you need a high level of security. The banking industry has a unique set of security needs that encompass both physical and digital protections. Keep reading to learn more about what security services you need to mitigate and manage your financial and banking institution.
Security refers to the measures in place in a financial or banking institution that protects the building, financial data, team members, and other assets. These protections range from access control to network security protocols.
A banking or financial institution must protect its own assets but also those of its customers. The customers have to know that their data, money, and other valuables are safe in your building. It’s critical your bank has the right protections in place so that you have the trust of your customers for the present and in the future.
There are many challenges banks face when it comes to security. There rarely is a one-size-fits-all solution when it comes to a security system. This is mainly due to the individualized protections that vary from bank to bank. The following risks are the most common found in the financial and banking industry:
Physical theft is a huge safety concern in the financial and banking industry. The facility houses not only the actual money and other assets but also has clear access to digital assets and data. When choosing a security system, you must consider the physical security threats and implement the appropriate processes to mitigate them.
Cyber threats are another huge threat banks face. They range from malware to security breaches to full attacks on your systems to steal information. The security system you select for your banking or financial institution must have cybersecurity measures in place for your bank’s and customers’ data.
Allowing all employees to access all areas of your bank or financial institution is setting your company up for disaster. It’s vital you have procedures in place to control who has access to the most important information. It’s equally critical to document who accesses these areas. A strong security system will have access control measures incorporated into your solution.
Fraud is a common occurrence in the financial industry. There are many laws and regulations to follow to ensure you are not taking fraudulent transactions. A security system can help your team to worry less about their and the bank’s safety and more about these compliance items.
Fraudsters are becoming more creative, so ensuring your equipment and software meet current industry standards is a must. A scalable security system will meet your bank’s current and future needs so you are always protected.
A bank security system gives you, and your customers, peace of mind. While there are numerous benefits to having a security system, we’ll detail the top three below:
A security system that offers 24/7, 365 monitoring and protection builds trust with your employees and customers. You want your employees to feel safe while at work. Doing so actually helps to improve productivity, morale, and time management. When your workers know you have their safety as a priority, they are also more likely to stay loyal to the organization.
Customers will not place their money or valuables with a banking institution they cannot trust. Many people ask about security measures before opening an account. With a security system, you can answer those questions easily and put their minds at ease.
A bank or financial institution is a lower risk to insurance companies. The astronomical premiums may be slightly lower with a strong security system. This is a bonus if it helps with your bank’s insurance expenses.
A bank or financial institution is bound to have some sort of theft or distressful situation at some point. With bank security cameras, the footage is recorded. This helps law enforcement to prosecute guilty parties in cases of theft or intrusion. It’s also a way to monitor your team and ensure they are doing their proper job duties.
So, what exactly is included in a bank security system? At TTD Security Systems, we personalize each customer’s system to meet their unique security needs. Some of the measures we put in place include:
Bank security cameras are a must for almost every security system. TTD Security Systems uses high-quality digital cameras that record high-resolution images. Our cameras have the following features:
For those banking institutions with a traditional security system, we offer a hybrid surveillance system. It combines your existing analog cameras with current technologies to create a stronger system. We work with you to gradually transition to a fully digital system over time.
Access control is important in the banking industry. You don’t want everyone coming and going to have the privilege of accessing confidential or sensitive information. A card access reader uses technology to scan, record, and approve or deny someone when a card is presented to the device. A biometric reader has the same concept, but it scans retinas, hands, or fingerprints instead of a card.
Controlling your bank’s perimeter is the first step in protecting your institution. To secure your perimeter, many systems use sensors, lighting, gates, and signage to safeguard your property, team members, and assets.
Fiber optic and data cabling services are to ensure high-speed connectivity across your network. TTD Security Systems offers both of these. We work with our partners, including Commscope, CSI, Belden, Panduit, General Cable, and Leviton, to provide data cabling, testing, and certification for up to and including category eight.
Our FOA-certified technicians provide installation, termination, splicing, testing, and servicing of fiber optic cables.
Equipment and software malfunction from time to time. In these instances, you need repair services. These types of services assess the defective software or hardware and then fix the problem so your security system continues to work correctly.
A great way to prevent the need for repairs is to conduct regular maintenance. These services update the equipment and software regularly to prevent eventual malfunctioning. Maintenance services are a fantastic way to ensure your security system works for many years to come.
TTD Security Systems has your safety as our priority. Our team of dedicated professionals works tirelessly to ensure your building, people, and assets are protected. We manage projects from end to end, so you have time to worry about other pressing matters. Other reasons you should work with us include:
Founded in 2001, TTD Security Systems services industrial and commercial customers of all sizes. We work with all budget sizes, designing a tailor-made security solution that meets your bank’s unique needs. You never have to worry about paying for something you don’t use. We only include security measures that your company needs when creating your package.
We apply a service-first approach with each customer. Your safety is number one. We offer contracts with no minimum terms, meaning you can hire us for a few hours or a few years. We are available the same day to secure your financial or banking institution.
TTD Security Systems offers a competitive pricing structure. We’re confident you’ll be satisfied with our services. We promise to match or beat any competitor’s quote for comparable services. Reach out today at [email protected] to get your quote!
We work with the industry’s top manufacturers to install, manage, and maintain the best equipment. We design a personalized security system that will mitigate all security risks you have in the banking industry. The partners we work with include:
TTD Security Systems understands the security challenges and risks in the financial and banking industry. Our team of dedicated professionals is available to help create a comprehensive security solution that meets your bank’s needs. We’re available the same day for most projects or repairs.
If you are ready to take your security system to the next level, TTD Security Systems is here to help. We are eager to improve your bank’s security. Contact us today at 678-840-2215 to get started with our bank security services.
