Notes From Study Group Flashcards
Way of estimating expected loss from a specific threat
Risk analysis / risk assessment
What are the five tools that form the foundation of a loss prevention program?
- Risk analysis/risk assessment
- Planning
- Evaluation
- Research based on scientific principles
- Standards
Determines the probability / frequency / cost
Loss event profile
Typing risks, their probability, and degree of protection
Loss event profiling
Probability of risks becoming actual loss
Loss event probability
Impact on the enterprise if the loss occurs
Loss event criticality
Which of the five tools that form the foundation of loss prevention program is critical for success?
Evaluation
What are the four D’s of loss prevention?
Deter, detect, delay, and deny
What is the primary objective of the protection program?
To motivate every employee to be part of the team
What is the most effective deterrent to shoplifting?
Well-trained store personnel
CPTED
Crime prevention through environmental design
What are the three elements of CPTED?
- Natural access
- Natural surveillance
- Barriers
What are the three roles of the loss prevention manager?
- Establish priorities
- Develop written policies
- Form integrated management team
What is the role of security?
Service, protection service of prevention
Who said, “value is better measured by what does not happen then by what does happen.”
Sennewald
What are the five security levels?
- Minimum
- Low
- Medium
- High
- Maximum
What is the most important document for officers?
Post orders
What is the most important operational document?
The security log
Is this the advantage of contract personnel or proprietary personnel?
Monetary savings
Contract personnel
Is this the advantage of contract personnel or proprietary personnel?
Tighter control of force
Proprietary personnel
Is this the advantage of contract personnel or proprietary personnel?
Schedule flexibility
Contract personnel
Is this the advantage of contract personnel or proprietary personnel?
Better training
Proprietary personnel
Is this the advantage of contract personnel or proprietary personnel?
Expertise
Contract personnel
Is this the advantage of contract personnel or proprietary personnel?
Employee loyalty
Proprietary personnel
Is this the advantage of contract personnel or proprietary personnel?
Security experience of officers
Contact personnel
Is this the advantage of contract personnel or proprietary personnel?
Knowledge of company culture
Proprietary personnel
Establishes a priority in the protection of assets
Vulnerability study
Exposure to possible loss, reduction through loss prevention programs resulting in lessening of business interruptions
Risk management
Critical examination/analysis of the present security status of a property in terms of deficiencies/excesses, protection required, and recommendations
Risk management concept
What are the two types of risk?
Pure and dynamic
This risk has no potential for benefit such as an earthquake
Pure risk
This risk can produce gain or or profit such as Las Vegas
Dynamic risk
Identifies types of risks/losses, and their probabilities of occurrence
Risk exposure
Risk assessment determining the probability and cost of potential loss
Risk analysis
What are the two types of vulnerability?
PML and ALE
PML
Probable Maximum Loss (likely to sustain) or Possible Maximum Loss (destroyed)
ALE
Annualized Loss Expectancy of not doing something (like adding a backup generator)
When is ALE used?
When computing return on investment
Reduction of risk
Risk abatement
The organization accepts the loss
Risk acceptance
The decision to avoid risks
Risk avoidance
Reducing the likelihood of total loss such as discs being stored off site
Risk spreading
Transferring risk to insurance
Risk transfer
Assures trustworthiness of persons appointed by the court
Fiduciary bonds
Insurance Company indemnifies the employer against employee dishonesty
Fidelity Bond
Protects against another’s failure to perform specified acts on time
Surety bond
Protects an individual/ organization against losses of a specified type
Indemnity bond
What is the most investigated crime by private security?
Employee theft
What are the four reasons employees steal?
- Frustration
- Rationalization
- Personal problems
- Environmental influences
What is the theft triangle?
Motive, opportunity and desire/rationalization
What is the only controllable element in the theft triangle?
Opportunity
