Gerald Garrett, Jared Hernandez, Luiz Franca, Mark Fowler, and Ted Maust
SEC/400 Threat and Vulnerability Management
November 10, 2014
Security of Bank’s personnel and properties is of extreme importance. To make this possible, a Disaster Control and Emergency Plan must be established and there are a couple of things that have to be considered. Among these things are the Bank’s general information and a complete and detailed guide to evaluate the Bank’s security systems. The evaluator was commissioned to evaluate the Bank’s security systems with the Disaster Control and Emergency Plan as its focus. This evaluation is categorized into eleven (11) areas which were presented in various forms and matrices: Creating and implementing a comprehensive emergency management plan requires the assessment of various security aspects and features. An important aspect of a bank is that it needs to consistently project the image that it is stable and not at risk. Since the nature of a bank and its existence and success is built on maintaining the confidence of its clients and investors, this perceived ability to handle risk and threats is crucial. One aspect to achieve this would be to continue serving investors and clients well during a crisis or disaster. The only way to possible continue to function effectively is for the bank to possess a comprehensive management plan and implement it successfully.
Security Assessment Category 1: General Information When conducting the security assessment it is essential to begin with basic elements concerning the general information of the bank such as location, hours of operation, and local leadership and contacts. The bank runs typical hours for a financial institution: Monday through Thursday 9:00 AM to 5:00 PM, Friday 9:00 to 6 PM, and Saturday 9:00 AM to 2:00. The facility contact person is the branch president who oversees all operations on site. There are also two supervisors on location and 3 building managers that work directly on a daily basis with the varying departments. Security Assessment Category 2: Geographical Characteristics When considering the aspects attributes of the geographical environment surrounding the bank, it is essential to assess and evaluate the crime rates and personnel safety first. It is crucial to assess the safety of the personnel in the surrounding environment as well, such as entering and exiting the bank location. Assessing the distance and availability of the fire department is also an important aspect. The local fire department is within five miles of the bank location, so this could ensure less asset loss and more safety for personnel and visiting clients in the case of a fire emergency or disaster. Knowing the banks susceptibility to not only fire, but also to tornados and severe weather conditions is also important. Assessing these areas could affect the amount of equipment and prevention pans are created and implemented. This could also affect the recovery plans, as well as determine the need to increase various insurance coverage and policies.
Security Assessment Category 3: Community The outside community can hold immediate and long-term risks or threats to the bank, tracking the crime rates in the surrounding area of the bank, ides in preparing and preventing various criminal acts that possible threat the financial institution. Remaining informed concerning current crime rates helps to identify trends possible criminal threats to the bank. The access of the local police department is essential since the bank is a government institution. The bank is owned by a company, but adhere federal guidelines and has direct connections to federal and state government. There needs to be a consciousness concerning the community and how the bank operates in order to plan and prepare for possible incidents and emergencies. A benefit of the bank is that