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Security officer liability

Question: 
I've attended a number of security officer workshops and have heard many times that the security officer should be a higher level corporate officer, not only due to the management level nature of the tasks involved, but due to the liability the security officer assumes. Just what are those liabilities?
Answer: 

The Security Officer's position is one of the few mandated positions -- and the person filling this role has the responsibility for developing, implementing and monitoring the institution's overall Security Program. The Security Officer's liability issues ARE extreme -- and they generally fall into one or more of these categories:

  1. Safety issues involving all persons on the premises;
  2. Security issues involving facilities, documents and assets -- and the institution's image; and
  3. Information security issues involving internal and customer data.

Go to BOL's Banker Tools and download the most current version of "The Security Officer's Role". The information contained in this work defines a multitude of liability issues faced by the Security Officer -- and provides several potential solutions for reducing or eliminating those issues.

After you've read and understood the information in that work, give your board of directors a copy of it and ask for some time to answer any questions at the next board meeting. The board can -- and should -- do many things to reduce the Security Officer's potential liability.

First published on BankersOnline.com 11/3/03

First published on 11/03/2003

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