With increasing certainty, corporate and government auditors are implementing requirements or expecting organizations, including banks, other financial institutions, universities and hospitals to conduct security risk assessments on a regular basis. However, many organizations that do perform what they perceive as 'risk assessments' currently utilize an outdated list of physical security threats stored within an Excel spreadsheet that is managed and analyzed manually.This traditional, time consuming approach is only a vulnerability assessment, and not a true risk assessment, which includes the specific controls and safeguards needed to eliminate security threats, while providing a cost benefit analysis of the associated financial data and a projected Return on Investment (ROI) based on implementation of the selected security controls.If your department or staff is responsible for satisfying regulators, providing value added physical security data internally and ultimately protecting EVERYONE at a physical location from harm and security threats, then automated risk assessment is the tool of choice. For more information on why proper risk assessment is so necessary, please click here to request a discussion and demonstration to determine which tool is best suited for your organization.