Community-Sourced Risk Intelligence: Its Role and Value at Work

Community-Sourced Risk Intelligence: Its Role and Value at Work

The goal of this white paper is to present the knowledge and insights of a wide variety of subject matter experts to enterprise security and risk management leaders and C-suite executives throughout the industry. It also aims to demonstrate the importance of community-sourced risk reporting for maintaining a safe and healthy organization.

Community-sourced intelligence is the cornerstone of any safety and security risk management program, as it allows organizations to surface early warning insights and identify threats before they escalate. Establishing effective reporting processes helps organizations maintain workplace safety, improve employee trust, and meet Duty of Care obligations.

Unfortunately, many safety and security professionals continue to focus on post-incident emergency response rather than pre-incident prevention strategy. Instead of investing in community-sourced risk intelligence, companies spend millions of dollars hardening their facilities with automatic locking doors, security cameras, fencing, high-tech emergency communications systems, massive architectural design changes, gunshot detection systems, and many other physical protections. While these safety features may be useful, there are many incidents that they can’t predict or prevent, such as mental health crises, workplace harassment, or embezzlement.

Vector LiveSafe has released Community-Sourced Risk Intelligence: Its Role and Value at Work, to help safety and security risk managers and C-suite leaders across all industries develop, execute, and maintain community-sourced risk intelligence programs that facilitate the prevention of costly safety and security incidents.

Based on research and first-hand interviews with dozens of chief security officers, chief risk officers, and a wide array of subject matter experts, this guide is a first-of-its kind effort to help safety and security professionals shift the balance of power away from the $300 billion a year spent on reacting and responding to incidents to developing actionable intelligence that can help prevent these incidents from occurring in the first place.

VECTOR SOLUTIONS

Vector Solutions is the leading provider of award-winning, intelligent SaaS solutions that help organizations and individuals operate at the highest level and prepare for more challenging workplaces and environments. Reaching more than 19 thousand clients and 14 million users worldwide, Vector’s mission is to serve everyday heroes by delivering intelligent software solutions that empower them to make safer, smarter, better decisions. The company was founded in 1999 and is headquartered in Tampa, Florida. In 2020, Vector Solutions acquired LiveSafe, the leading risk intelligence platform that enables two-way communications between employees and an organization’s security department and other risk management entities. By leveraging LiveSafe’s anonymous reporting capabilities and its data-driven analytics engine, companies, educational institutions and government agencies can get ahead of emerging threats and prevent serious safety or security incidents. The LiveSafe platform has protected more than two million people across hundreds of universities and Fortune 1,000 organizations. LiveSafe can be downloaded for free from the Google Play or iTunes app stores. Follow LiveSafe on twitter @LiveSafe, and learn more at https://www.vectorsolutions.com/about-us/acquisitions-livesafe.

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