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by: Paul Ragusa - Wednesday, February 5, 2020

The influence of the smart home on security is well documented, as consumer awareness of what is available in the home, from security to home automation to energy savings, continues to drive the purchase of smart home and security products, services and support.

The latest research on the smart home shows the U.S. is leading a global smart home market that is estimated to climb from $91 billion this year to $158 billion by 2024, growing at a CAGR of 15 percent in the next four years, according to data gathered by PreciseSecurity.com. Moreover, household penetration will climb from 9.3 percent this year to 19.3 percent by 2024.

Houseowners worldwide will spend $19.4 billion on security systems this year, with smart security cameras and smart locks as the leading products. This amount is expected to double and reach $35.6 billion value in the next four years. The number of active households in the security segment is forecast to hit 196.9 million by 2024.

Analyzed by geography, the U.S. is the largest smart home market in the world with $27.6 billion in revenue this year, followed by China at $20.8 billion, Germany and the United Kingdom at $4.8 billion and Japan at $4.7 billion.

The report noted that the global smart-home ecosystem is set to continue its rapid expansion mostly due to the speed of 5G implementation, as well as recent IoT investments by Google, Apple and Amazon, which have “transformed the landscape noticeably, providing opportunities for various companies.”

Interestingly, the 2020 data show that one-third of smart home device owners are Millennials.

Divided by categories, smart appliances generate the most significant share of the overall market income. Global consumers are forecast to spend $21.5 billion this year on devices they can connect to smartphones or tablets for better control, convenience and information. This segment of the market is expected to jump to $39.6 billion by 2024.

With $21.1 billion profit in 2020, control and connectivity devices represent the second most popular consumer choice.

The energy management solutions are forecast to generate $7.2 billion income this year and jump to $12.4 billion by 2024.

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by: Paul Ragusa - Wednesday, January 29, 2020

I always liked the proverb, “see the forest for the trees,” as it speaks to a phenomenon that happens far too often these days in society — not seeing the bigger picture because we are so focused on the minutia of the day.

With thousands of security professionals converging on Las Vegas for ISC West, March 17-21, and hustling and bustling around to the millions of appointments and meetings, closing deals and making the almighty dollar, I feel that many times, we can't see the forest for the trees.

For the purposes of this rant, the forest, or the bigger picture, is the responsibility we each have to give back to an industry that has given us so much.

And, what is amazing about ISC West is the abundance of opportunities to give back, individually or on a corporate level, with either time or money.

One organization in particular, Mission 500, is really making it easy for individuals and companies to give back by participating in the 11th Annual Mission 500 5k/2k charity event.

The Security 5k/2k fundraiser at ISC West 2020 will be held on Thursday, March 19th, at 2601 East Sunset Road, in Las Vegas, Nev., and will benefit children and families in need across the United States. Registration to participate in this year’s event is open and can be accessed by visiting www.security5kreg.com. For those who are unable to attend or participate in the physical event, you can sign up and donate as a virtual runner or walker.

“2020 marks our eleventh year hosting the Security 5k/2k and we want to thank all of the previous participants and sponsors who have made the last 10 years a tremendous success,” said Tom Nolan, director of Strategic Partnerships, Mission 500. “We can’t wait for this year’s event and hope to meet a wide array of new security industry participants, reconnect with prior ones, and have a great time while supporting this worthwhile cause.”

The Security 5K/2K is a joint collaboration organized by United Publications, the publisher of Security Systems News, ISC Events and Mission 500. To become a sponsor of the Security 5k/2k event, please click here or contact Tom Nolan via email at tnolan@mission500.org.

Confirmed charter sponsors include Alarm.com, Altronix Corporation, Axis Communications, Bosch Security Systems, BRINKS Home Security, CMAC, COPS Monitoring, Dahua Technology, DMP, Freeman, Galaxy Control Systems, HID Global, Hikvision, LENSEC, LRG Marketing Communications, Milestone Systems, Napco Starlink, PSA Security Network, Safety Technology International, Inc. and ZKTeco USA.

As Nolan points out, the goal is get more people and companies involved and increase the amount of money raised each year. Last year, Mission 500 was able to raise more than $145,000 with the event, and with your help we can surpass that number this year.

Here’s hoping you see the forest for the trees.

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by: Paul Ragusa - Wednesday, January 8, 2020

The recent cyberattack on the city of New Orleans is another sobering example of how vulnerable we are as a nation to cyber criminals. Even for cities like New Orleans, which was prepared for such an attack, there is an incredible amount of time and effort and cost that goes into getting a city back up on its feet after such an incident.

Following the New Orleans attack, a report on the State of Ransomware in the U.S., created by cybersecurity research firm Emsisoft, was rushed to be released ahead of its original Jan. 1 2020 release date because, as researchers pointed out, the New Orleans incident “elevates the ransomware threat to crisis level. Governments must act immediately to improve their security and mitigate risks. If they do not, it is likely that similar incidents will also result in the extremely sensitive information which governments hold being stolen and leaked.”

By releasing the report early, the company hopes it will help “kickstart discussions and enable solutions to be found sooner rather than later. Those solutions are desperately needed.”

Looking at the numbers on ransomware, they are pretty mind numbing, as in 2019 the U.S. was hit by “an unprecedented and unrelenting barrage of ransomware attacks that impacted at least 966 government agencies, educational establishments and healthcare providers at a potential cost in excess of $7.5 billion,” according to Emsisoft.

The impacted organizations included:
•    113 state and municipal governments and agencies;
•    764 healthcare providers; and
•    89 universities, colleges and school districts, with operations at up to 1,233 individual schools potentially affected.

The incidents were not simply expensive inconveniences, according to the report, which noted that the disruption they caused put people’s health, safety and lives at risk. For example:
•    Emergency patients had to be redirected to other hospitals;
•    Medical records were inaccessible and, in some cases, permanently lost;
•    Surgical procedures were canceled, tests were postponed and admissions halted;
•    911 services were interrupted;
•    Dispatch centres had to rely on printed maps and paper logs to keep track of emergency responders in the field;
•    Police were locked out of background check systems and unable to access details about criminal histories or active warrants;
•    Surveillance systems went offline;
•    Badge scanners and building access systems ceased to work;
•    Jail doors could not be remotely opened; and
•    Schools could not access data about students’ medications or allergies.

“The fact that there were no confirmed ransomware-related deaths in 2019 is simply due to good luck, and that luck may not continue into 2020,” Emsisoft CTO Fabian Wosar said in the report. “Governments and the health and education sectors must do better. ”

Other effects of the incidents included:
•    Property transactions were halted;
•    Utility bills could not be issued;
•    Grants to nonprofits were delayed by months;
•    Websites went offline;
•    Online payment portals were inaccessible;
•    Email and phone systems ceased to work;
•    Driver’s licenses could not be issued or renewed;
•    Payments to vendors were delayed;
•    Schools closed;
•    Students’ grades were lost; and
•    Tax payment deadlines had to be extended.

In looking at how unprepared local governments are, a 2019 University of Maryland, Baltimore County research report based on data from a nationwide survey of cybersecurity in U.S. local governments, stated that, “Serious barriers to their practice of cybersecurity include a lack of cybersecurity preparedness within these governments and funding for it,” and that “Local governments as a whole do a poor job of managing their cybersecurity.”

The issues identified included:
•    Just over one-third did not know how frequently security incidents occurred, and nearly two-thirds did not know how often their systems were breached;
•    Only minorities of local governments reported having a very good or excellent ability to detect, prevent, and recover from events that could adversely affect their systems; and
•    Fewer than half of respondents said that they cataloged or counted attacks.

In some cases, governments failed to implement even the most basic of IT best practices, the report noted. For example, Baltimore experienced data loss because data resided only on end-user systems for which there was no backup mechanism in place.

According to the University of Maryland, Baltimore County's research, more than 50 percent of governments identified “lack of funding” as a barrier to cybersecurity and this is almost certainly an issue in the education and healthcare sectors, too. “Resolving the problem may simply require that organizations reallocate their existing budgets, or it may require that additional funding be provided either by federal or state government. In either case, it is an issue that must be addressed,” researchers concluded.
   
While 966 government agencies, educational establishments and healthcare providers were impacted by ransomware in 2019, the report noted that not a single bank disclosed a ransomware incident.

“This is not because banks are not targeted,” researchers noted. “It is because they have better security and so attacks against them are less likely to be successful. If government agencies were simply to adhere to industry-standard best practices — such as ensuring all data is backed up and using multi-factor authentication everywhere that it should be used — that alone would be sufficient to reduce the number of successful attacks, their severity and the disruption that they cause.”
 
As Wosar pointed out, “2020 need not be a repeat of 2019. Proper levels of investment in people, processes and IT would result in significantly fewer ransomware incidents and those incidents which did occur would be less severe, less disruptive and less costly.”
 

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by: Paul Ragusa - Wednesday, December 18, 2019

Security convergence has emerged as one of the most discussed and debated topics over the past few years in security, becoming a theme and backdrop that enters into, and many times, dictates conversations among top thought leaders in the industry today.

That is why I was excited to dive into new research from the ASIS Foundation, which just published its State of Security Convergence in the United States, Europe and India.

What I like about a study like this is it gives the industry a way to measure where we are in this security convergence movement, which is also part of what is being described by many outside and within security as the digital transformation.

Interestingly, although many are talking about “convergence,” ASIS found that only 24 percent of study respondents have converged their physical and cybersecurity functions. When business continuity is included, a total of 52 percent have converged two or all of the three functions. Of the 48 percent who have not converged at all, 70 percent have no current plans to converge.

“For years, security practitioners have accepted that organizations are increasingly converging their physical security and cybersecurity functions,” said Brian Allen, CPP, president, ASIS Foundation Board of Trustees. “This study collected current data to measure trends and progress with converging environments. What we’ve learned is that, although convergence has brought positive results, there is still much work to be done.”

Not surprisingly, the study found that security convergence produces tangible positive benefits, with 96 percent of organizations that converged two or more functions (physical, cyber and/or BCM) reporting positive results from the combination, and 72 percent saying that convergence strengthens overall security. In addition, 44 percent of converged organizations report no negative results from converging. Even in companies that have not converged, 78 percent believe that convergence would strengthen their overall security function.

While saving money is not the primary motivation for convergence, a key driver and benefit of convergence is the desire to better align security strategy with corporate goals, ASIS noted in the executive summary. When asked, “which of the following factors might convince you to converge?” the number one answer cited by 38 percent of those who had not yet converged was “better alignment of security/risk management strategy with corporate goals.” This was also considered the most positive benefit by 40 percent of the respondents that already converged two or more functions, the study found.

Interestingly, the main barriers to convergence were “turf and silo issues,” said one survey respondent. “Everyone wanted to safeguard his responsibilities, his people, his budget, his prestige and his importance to the company.”

Using survey responses from more than 1,000 security leaders from around the globe — plus more than 20 follow-up interviews — the study analyzes the relationship between physical security, cybersecurity and business continuity in modern organizations. It provides relevant benchmarks to compare strategies, plans and operations and determine best practices for creating more effective and cost-efficient security and risk operations.

The study’s executive summary is available free here. The full report is available here for purchase and is complimentary for all ASIS members.

Supported by member and corporate donations, the ASIS Foundation invests in elevating security practice through research and education. The Foundation awarded more than 170 scholarships in 2019 totaling more than $75,000.

by: Paul Ragusa - Wednesday, December 4, 2019

ISC East 2019, held at the Jacob Javits Center in New York City Nov. 20-21, continued to build on the positive momentum and growth it has experienced over the past few years, bringing more than 7,600 security and public safety professionals — up 6 percent from 2018 — together to discuss new trends and solutions, to celebrate industry successes and leaders and better define the roadmap for security moving forward.

The 2019 event welcomed 350 leading security brands, including more than 100 new companies and brands, covering 130 security product categories. Activity on the show floor was brisk with good traffic and networking going on throughout both days and many exhibitors commenting that they were pleased with the quantity — and quality — of security professionals in attendance.

Will Wise, group vice president, Reed Exhibitions, told SSN before and during the conference that he is excited to see all of ISC and SIA’s hard work translate into continued growth of the show.
  
“We have been working hard the last 4-5 years to really infuse more innovation and continue to drive growth and momentum into ISC East,” Wise told SSN. “ISC East has been on a nice growth trajectory, especially the last few years, even making the Trade Show Executives Fastest 50 Growing Events list the last couple of years.”

He continued, “There has been a lot of good work in regard to better content, growing the exhibitor list, which this year was at approximately 350 exhibitors (up from about 280 in 2018) — a huge uptick versus 3-4 years ago. When you have better content, more exhibitors with an even more diverse number of solutions, those are all add up to a great recipe for success.”

Mary Beth Shaughnessy, event director for ISC Security Events, also noted that ISC East has been on the upswing for the past few years and continues to grow. "This year kicked into a new level of success, with expanded product offerings and content, we’ve secured the spot as the largest Northeast converged security Show. Education tracks were created to provide attendees with greater opportunity to connect and learn with their cross-functional security & public safety industry peers both on the IT and Physical security side of their organization. Attendees left the Show with the insights and knowledge needed to defend and protect against new and emerging threats.”

Wise pointed out that the show also benefitted from co-locating for the second year with Infosecurity ISACA North America, and from the increased relationship with ASIS NYC Chapter, which officially supported ISC East this year and will continue to expand the partnership next year, he said.

ISC East, in collaboration with Premier Sponsor the Security Industry Association (SIA), also featured a SIA Education@ISC East program with more than 20 complimentary sessions with practical and in-depth content on converged security, cybersecurity, computer vision & AI, physical security and more.

Wise shared with SSN the Top 5 ISC East Breakout Sessions:
•    We Sneak Into High Security Buildings and Get Paid For it;
•    AI for Video Surveillance: Technology Overview and Future Directions;
•    Video Analytics: The Next Advance in Secure Access Control;
•    Implementing Converged Security, a Process - Bringing it All Together; and
•    Achieving Comprehensive Facility Security

Additionally, the SIA Education@ISC East program offered two prominent female Keynote Speakers for the first time at ISC East — Deanne Criswell, commissioner of the New York City Emergency Management Department, and Angela Stubblefield, chief of staff at the Federal Aviation Administration (FAA).

“The 2019 SIA Education@ISC East program was a great success, with enthusiastic attendees taking part in our education sessions, engaging keynotes and hands-on workshops covering cutting-edge topics like the drone security policy landscape, technologies driving smart cities and IoT security at the edge," said SIA CEO Don Erickson. “Additionally, industry leaders gathered at SIA’s Return on Security breakfast to learn how solutions providers find business benefits beyond security, and the SIA Women in Security Forum hosted a dynamic breakfast and discussion on achieving true diversity and inclusiveness in the security workforce.”

In addition to the busy expo floor, engaging sessions and keynotes and special events, one of the highlights for ISC East, as it is each year, is SIA Honors Night, where the who’s who of the industry gathered to celebrate SIA’s 50th anniversary and honor some of the movers and shakers in the industry.

SSN was honored to be in attendance and extends our congratulations to Honors Night award recipients:
•    George R. Lippert Memorial Award: Steve Van Till, co-founder, president and CEO, Brivo;
•    Jay Hauhn Excellence in Partnerships Award: Andrew Lanning, co-founder, Integrated Security Technologies;
•    Insightful Practitioner Award: George Anderson, director of World Trade Center security for the Port Authority of New York and New Jersey;
•    SIA Progress Award: Maureen Carlo, director of strategic alliances, North America, BCDVideo; and
•    Mission 500 Partner Innovation Award: Jeff Gardner, president and CEO, Brinks Home.

SIA also honored Sandra Jones, founder of Sandra Jones and Co. (SJ&Co), who announced her retirement after 45 years in the security industry. Jones has been a pioneering spirit in the industry, serving as a mentor to many and giving back to the industry, most prominently helping lead the Security Industry Association for nearly 40 years.

Overall, ISC East continues its resurgence as the top security show in the Northeast, providing a unique experience that you can’t find at ISC West, for example.

“One of the ways that ISC East has been able to differentiate itself from ISC West is taking on characteristics and personality of the NYC-area and overall Northeast market for security and public safety, which as we know, is a massive market with urgencies for security and safety,” Wise said. “Our attendee data shows a less than 10 percent overlap of attendees with East versus West, which is really good, as we are providing a unique audience for exhibitors.”

ISC East 2020 will take place Nov. 18-19, 2020 at its continued home base, New York City’s Jacob K. Javits Center.

 

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by: Paul Ragusa - Wednesday, November 27, 2019

Per Mar Security Services, parent company to Midwest Alarm Services and a provider of total security solutions for residential and commercial clients based in Davenport, Iowa, recently acquired NECO Security based in Lincoln, Neb. The deal brings more than a half century’s worth of business and expertise into the Per Mar family.

Founded by Don Nielsen in 1957, NECO Security specializes in residential and commercial burglar and fire alarm systems in the Lincoln area. Nelson said that after 63 years in the Fire Alarm/Security industry, he is excited about “a new season” for the Nielsen family

“After careful thought and consideration, as our customers are of utmost importance, we have selected Per Mar as our successor,” Nielsen said. “Per Mar has a UL Listed, FM Approved, TMA 5 Diamond Certified Central Monitoring Center, and offers an expanded range of services to our customers. In addition, Per Mar’s company, Midwest Alarm Services, is a Premier Notifier Distributor … thus completing the perfect fit.”

Brian Duffy, COO of Per Mar Security Services, is equally excited to continue the tradition that NECO has built over the past 62 years.

“The Nielsen family has built a great company in Lincoln through years of hard work and excellent service,” he said. “We are honored that they are placing their trust in us to be stewards of the business.”

NECO Security’s Project Manager, Bill Thomas, and their technicians will be joining Midwest Alarm Services, serving customers out of Per Mar and Midwest Alarm Services local Lincoln, Neb. office.

“We are excited to have NECO Security join our organization,” said Midwest Alarm Services President Doug Richard. “NECO and Midwest Alarm Services were two of the original Notifier dealers in the U.S. The NECO team will be a great cultural fit as they have been working together for decades and have a customer first mentality. We are looking forward to working with them to continue to deliver the best service in the industry.”

by: Paul Ragusa - Tuesday, November 19, 2019

Research from Parks Associates shows that over the past six years, self-installed home security systems are gaining momentum, slowly, but traction no less, over professionally installed systems. Recent research from Parks found 51 percent of security system owners who acquired their security system in the past 12 months self-installed it. This is up from only 10 percent of security system owners who acquired their system six or more years ago. Additionally, 88 percent of self-installers report the set up was easy or very easy for them.

“New DIY security solutions entering the market are designed from the ground up to be self-installed by the consumer, so they are designed to deliver a smooth, painless experience on installation and setup,” Dina Abdelrazik, senior analyst, Parks Associates explained in the announcement. “These solutions seek to appeal to households unmoved by traditional, self-installed security systems. Value propositions, such as security and peace-of-mind, have always appealed to a broad base of consumers, so as DIY products evolve to deliver an easy, off-the-shelf experience, security adoption will start to crack the 70 percent of households that do not have and do not plan to acquire a security system.”

This discussion will continue at CONNECTIONS Summit at CES, a one-day executive summit that focuses on the best business models and value propositions in the Internet of Things (IoT), the smart home, and connected and mobile CE and services, during the session “Disruption in Home Security: Smart Home Convergence.”

The CONNECTIONS Summit, hosted by Parks Associates, will be held in Las Vegas on Jan. 7, 2020. Attendees will experience panel discussions, commentaries, insights and debates delivered by leaders from companies in the IoT and smart home space geared toward helping companies build new revenues and innovative business models. Sessions include “Smart Home and IoT: Health and Wellness Applications;” “Smart Home & Interoperability: Expanding Ease of Use;” “Smart Home Platforms: Unlocking Consumer Value,” and more.

The following professionals will be speaking during this session: Naveen Chhangani, VP, product and services, Arlo Technologies; Vera Tzoneva, head of assistant distribution partnerships, Google; Andrew Voyantes, GM of installed solutions, Ring; and Matt Wolf, head of partnerships, SimpliSafe.

“Over the past decade of keeping people’s homes and businesses safe, we’ve seen that more and more consumers want solutions that fit their lives without compromising on security and privacy protections,” Wolf said.

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by: Paul Ragusa - Wednesday, November 6, 2019

One of the more heartwarming aspects of reporting on security is seeing how much the industry gives back, in a myriad of ways, through individual and company efforts, and through work with organizations like Mission 500, the non-profit charity supported by the security industry and dedicated to serving the needs of children and communities in crisis.

Mission 500 recently completed its fourth service trip within the United States, making this the second trip to Puerto Rico to assist families still struggling from the devastating damage caused by Hurricane Maria.

“Unless you have spent time in these communities, it’s hard to understand the enormous impact of these tangible, real actions on the families we help,” George Fletcher, Mission 500 advisory board member, said in the announcement. “We added an 8 by 8 foot addition and a full bathroom to one home, for example. The main breadwinner of that family has been diagnosed with stomach cancer, and will no longer have to use the detached outhouse that the family had been living with. Maybe the best thing about a program like this is that both the families we help and the industry volunteers benefit. Bonding, lifelong friendships, and touching families’ hearts – these intangibles also deliver life-changing impacts.”

Thirty Mission 500 volunteers lent their physical support along with financial assistance to help assist two families this year. One house was essentially rebuilt from the foundation up by reinforcing unstable flooring, installing new siding and a new roof. The second house received a small addition and a new bathroom that replaced an old outhouse. One house received a new washing machine, and the other received a new refrigerator. The team also provided new doors for bedrooms, bedsheets and carpet to provide improved living conditions for the families.

Tom Nolan, director of Strategic Partnerships, Mission 500 said that this year’s Mission 500 service trip was “truly amazing. Every person on the team brought their unique viewpoint and skillset and was ready to help. Even though this particular group had never worked as a unit before, the team dynamic was so unique and special — and we worked so well together — that we were able to accomplish much more than any one of us had imagined possible.”

Volunteer support came from representatives of 11 companies, including ADS Security, Altronix, Axis, Brinks, Core Logics, Five Alarm Security, Galaxy Systems, Gould Alarm Communications, Hikvision, Milestone, Resideo Pro Security and WeSuite.

“We are excited about how the Service Trip brings together security industry professionals who care about helping others,” said Jason Lutz, Industry Affairs at Resideo Pro Security. “The Resideo partners are big supporters in their local communities, and we were happy to make an even bigger impact on this trip by uniting with the extended team.”

Ronnie Pennington, National Sales Engineer at Altronix, added, “The service trip was beyond all expectations. Thirty volunteers started this journey as strangers and left as a family with a bond that will last a lifetime. Our collective ability to provide hands-on assistance to two families in need was both rewarding and very humbling. It is a life experience I urge others to consider should the opportunity present itself.”

To donate or volunteer for this worthy cause to help American families in need, please visit https://www.mission500.org/ or contact Tom Nolan at tnolan@mission500.org, or call 516-903-7291.

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by: Paul Ragusa - Wednesday, October 30, 2019

Recent mega deals — Alarm.com acquiring OpenEye and ADT bringing on I-View Now — couldn’t be timelier as this month’s News Poll looks at the topic of M&A, which seems to be as active as ever with big deals hitting what seems like weekly.

These two deals, which happened within the same week, are making waves in both the residential and commercial markets.

SSN caught up with John Mack, executive vice president and co-head of Investment Banking with Imperial Capital, which represented OpenEye in the Alarm.com deal, who said that the deal makes a lot of sense for Alarm.com.

“Alarm.com has a lot of exposure to the residential alarm business, and while there still is good potential there, to try and continue to show 20- to 25-percent year-over-year growth, diversifying into other channels that are going to show strong performance is going to be important,” Mack said. “Commercial is probably the biggest and most obvious of the areas to move into and this deal is an important enabler for commercial, where video and related information is increasingly critical to success in that sector.”

He continued: “They’ve got the intrusion piece; they have been developing the access control piece; and this OpenEye deal gives them the cloud-managed video piece, so they kind of have the triple play, as well as all of the accouterments that you can add to the triple play, like video analytics, where they have some of the leading engineers and also in software, data analysis and cloud hosting, so they are a pretty formidable competitor.” 

Mack pointed out that this deal is also indicative of the interest there is in cloud and managed services, noting that there is strong M&A activity in this area.

Looking at the ADT deal for I-View Now, George De Marco, ESX chairman/managing partner, DECO Ventures LLC, noted on the phone and in his blog that alarm verification technology, like I-View Now’s, propels monitoring services to the next level.

“With the recent announcement of ADT’s purchase of I-View Now’s technology, this move may finally propel the industry to aggressively adopt and adapt next-gen solutions that use sensors, images and data to effectively determine the threat level from an intrusion or fire alarm activation,” De Marco said. “False alarm dispatches may finally become a thing of the past.”

False alarm dispatches have plagued first responders since the dawn of the alarm industry, he noted. “Always a contention, the common denominator with police departments is that — 98 percent of all dispatched alarms are false and draw valuable resources away from other police priorities.”

Mack noted that Larry Folsom introduced video verification technology that is “critical to the residential alarm business. The professional residential alarm business needs to be much more focused on verification and reducing false alarms and they have been talking about it for years in the industry. This is the technology to kind of make that real and to be serious about solving this problem. This technology is the wave of the future and ADT wants to be out in front and say that it is the point of differentiation for buying an ADT system.”

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by: Paul Ragusa - Wednesday, October 23, 2019

Once again this year, the folks at the Security Industry Association (SIA) — including Don Erickson, Scott Schafer and the rest of the incredible team there — have identified the key “megatrends” that are impacting the security industry as we move into 2020.

Hard to argue with any of the trends on the list, as SIA always has its finger on the pulse of the industry, providing thought leadership and bringing top industry subject matter experts together for education at key industry conferences such as ISC West/East, Securing New Ground and Cyber:Secured, to name just a few.

Drum roll, please … The 2020 Security Megatrends are:
•    Cybersecurity Impact on Physical Security
•    AI
•    Facial Recognition
•    Emphasis on Data Privacy
•    Cloud Computing
•    National Security Concerns
•    Connectivity and IoT Everything
•    Workforce Development
•    Move to Service Models
•    Identity as the New Perimeter

SIA’s signature annual Security Megatrends report defines these top 10 factors influencing both short- and long-term change in the global security industry.

“Cybersecurity resoundingly tops the list of Security Megatrends again for 2020. With the increased risk and frequency of cyberattacks, today’s systems integrators and product developers are working to make sure that security solutions meet or exceed an organization’s cyber-preparedness standards,” Scott Schafer, chairman of the SIA Board of Directors, said in the announcement. “SIA also forecasts that the trends of artificial intelligence and facial recognition will dramatically impact the industry in coming years. Both AI and facial recognition are experiencing clear technology advancements, and SIA will continue to track the industry and consumer tech adoption rates and emerging applications for these dynamic Security Megatrends.”

The selection of 2020’s Security Megatrends was based on fall 2019 focus groups and survey data gathered from top security industry business leaders, association leadership, key volunteers and speakers for the 2019 Securing New Ground (SNG) conference taking place Oct. 29-30 at the Grand Hyatt New York in New York City.

Each year, SIA produces the Security Megatrends report, which is made available to SIA member companies and registered attendees of SNG, the security industry’s executive conference. The Security Megatrends are the top forces at play in security, expected to have far-reaching impacts on businesses across the industry. As such, these trends play an instrumental role in the insights and discussions at SNG, an annual conference bringing together the leading entrepreneurs, luminaries, CEOs and investors in the security industry for top-level information sharing, networking and business analysis.

For the second year in a row, cybersecurity was identified as the predominant trend shaping the security industry and a major concern for C-suite executives, government buyers, enterprise organizations, integrators and more. Moving up the list from being ranked fifth in SIA’s 2019 Security Megatrends report to ranked second for 2020 was the trend of artificial intelligence (AI). Respondents noted AI’s role underlying advancement behind nearly all technology promises.

A resounding number of respondents called for facial recognition to be added as a 2020 Security Megatrend, bringing the newcomer to the number-three position. Also new to the 2020 Megatrends are national security concerns and identity as the new perimeter.

In addition to defining the latest Security Megatrends, the forecast for 2020 also denotes potential disruptors in the security industry and other forces at play that may have a clear impact on some or all businesses.

The official 2020 Security Megatrends report will be published in December 2019 and available online for download and/or purchase.

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