Certified Protection Officer ProgramChapter 1 Unit 1Concepts and
Theories of Asset ProtectionPages 3-11. Learning ObjectivesStudents
will describe the concepts and theories of asset protection
including asset definition and valuation, risk elements, asset
protection elements including deterrence, detection and delay,
physical security, CPTED or Crime Prevention Through Environmental
Design and risk management & insurance.Students will explain
emerging trends as outlined on pages 9 and 10. Asset Protection:
What is it?Basis for what the security professional does:Core
function of the officers job.From a practical perspective may mean
something different to different people but the core function
remains the same.Every sector of the economy has a corresponding
asset protection program.Different assets may require protection
but the philosophy remains the same. What are
assets?PeoplePropertyIntangible items including trust, perception,
responsibility, reputation.ASIS International definition: Any real
or personal property, tangible or intangible, that a company or
individual owns that can be given or assigned a monetary value.
Intangible property includes things such as goodwill, proprietary
information, and related property. People are included as assets.
Discussion point: what else is an asset in your opinion?RiskWhat is
it?How is it determined?Criticality: impact: can be measure in
subjective and objective terms. Frequency: how often are events
occurring Probability: trending of future eventsImpact: tangible
and intangible costs
MitigationMust not substantially negatively impact company
operations.Use of cost/benefit analysis required.Involves three
stagesIdentification of all direct and indirect consequences of
expenditures.Assignment of a monetary value to all costs and
benefits from expenditure.Discounting expected future costs and
revenues accruing from the expenditures in current monetary
values.Asset Protection: Layered ProtectionMultiple layers or
defense in depth.Principles behind this concept
is:DeterrenceDetectionDelaying(Deny)(Respond)Physical Security
Planning Identify assetsIdentify loss events through
researchCalculate probabilityDetermine impact: direct, indirect and
extra-expensesIdentify countermeasuresImplement
countermeasuresEvaluate countermeasuresCPTED: Crime Prevention
Through Environmental DesignTerritorialityBoundaries and property
lines: physical and
psychologicalSurveillanceNaturalElectronicOrganized: peopleAccess
ControlPhysical, procedural and human Positive Activity
ReportMaintenance
Risk ManagementThe 4 TsTreat: reduction or mitigationUse of
physical, procedural and human processesTolerate:
assumption/retention/acceptanceAccept as the cost of doing
businessTerminate: avoidanceStop doing what ever you are doing to
create the issue: is this practical?TransferInsurance, contract
out,Types of insurance: business interruption, K&R, Workers
Compensation, Insurance for liability, fire, burglary, robbery,
theft, bonds, employment practices. Group ExerciseStudents in
groups will design a basic asset protection program using the key
headings as reference points. One student will document the
considerations while another student will present the material to
the rest of the class. Key headings will be:Asset
Definition/Valuation; Risks; Mitigation; Protective Strategies;
and, Insurance.
