Threats and Risks Assessment

Class: SEC 400

Instructor: Steven Shelton

By: Kyle Robbins

Date: 8/24/15

When you are in charge of security for a place such as Under Armour there are many different factors you must consider things such as Internal theft, external theft, damaged merchandise being shipped in, robbery of merchandise, robbery of tills and safe, terrorist bomb threat, hostage situation, relationships between coworkers, sexual harassment, tornado, and floods. In this paper we will talk about some of these along with what loss would come with this happening.

The Under Armour factory outlet store in Commerce GA is located in the Tanager outlet shopping center. The store itself continues to grow each year with customers and stronger merchandise made from Under Armour. Currently the store makes around 3.4 million dollars a year and is projected to only grow more and more. This is one of the many different factory and brand-house stores that Under Armour has all across America. In order to keep this store profitable I have developed this threat risk assessment that is attached both with and within this paper. The threats are broke down from the most possible and damaging to the company to the least likely to affect the company. The list is as follow, * The Risk Threat rank Criticality Total * External theft 9 8 17 * Robbery of tills and safe 4 10 14 * Tornado 4 10 14 * Terrorist bomb threat 3 10 13 * Flood from rain 4 9 13 * Robbery of merchandise 3 9 12 * Hostage situation 2 10 12 * Sexual harassment 2 10 12 * Earthquake 2 10 12 * Internal theft 5 5 10 * Damaged merchandise being shipped in 4 5 9 * Relationships between coworkers 4 5 9
By my calculations and personal on hand knowledge external theft is the greatest concern with this Under Armour store. Last year according to the stores records there was over 17,000 dollars’ worth of theft. A small portion was internal until the situation was handled which means the rest was external theft which caused the most damage and put the store into a high theft store making it harder on the employees. One way to help combat this problem would be the use of security cameras which more have been installed since the problem. Under Armour also have a saying which is “the best defense is a strong offence.” This simply means to have more people working extra coverage on busy days and weekends to better provide customer service to all people who enter the store. The next threat would be a robbery of the tills and safe because it would directly affect the cash flow through the store. Depending on the day there could be a few nightly deposits left in the safe awaiting pick up from the banks security company needing to pick up the cash. Another big problem with a robbery is the potential of harm to employees or customers if this was to happen. The outlet has a security team that patrols the outlet in order to deter this from happing. Tornados are something that has become more common in the state of Georgia over the years. This threat is something that if happens could put the store out of business for days, weeks, months, or even for good depending on the damages to the property. Other than the property and merchandise being insured there is not much we can do to combat this threat. In today’s day and age acts of terror can happen just about anywhere inside any Country. If a terrorist attack such as a bomb were to go off within the outlet whether it was within our store or other the business would shut down for an unknown amount of days. Thus interrupting the cash flow of the business and hindering the employees from earning a living. Flood damage whether how likely it would be is something to be concerned with too. Even though our area of operation is not within a high flood zone area if this were to happen the store would have to be shut down, the computer systems repaired, electrical check out, and all merchandise all dried out before the store could reopen. This would put a hold on operations along with property damages being paid out as well. In any retail world where you have windows that are not break proof than you will have to worry about your store being robbed at night verse during the day. If this is done than it is more likely that more merchandise will be stolen than during the day because the robbers will have no one or anything to stop them. The outlet has security patrols at night to help minimize this threat along with our store having a security system in place in order to call the cops if the alarm is tripped. In public places it is always a possibility for there to become a hostage situation happen. If someone is being hunted or has a gun and is afraid their life is threatened than they could potentially make a hostage situation. This is a low possibility to happen however there should be a SOP in place in case this does happen. Sexual harassment is a possibility regardless of where you work or who you are male or female. The problem can make or break any company out there and ruin an employee’s life forever. The best defense to this would be to never be alone with just one person in the room. If that is not possibly stay in an area that is well lite and on camera at all times. Earthquakes even though not likely for our area would hurt the business for us dealing with everything from the roads to the building itself. As well as internal theft, damaged merchandise, and relationships between coworkers the threat level is low for all these things. However it is always best to be aware of the possibilities that come when dealing with these factors. In Conclusion, It boils down to how we react to situations that arise within the company. If we see a problem and ignore it than we will leave ourselves open for more problems later down the road. We must learn from our past history in order to better prepare for our future. There are more threats that could be named and talked about within this paper however they did not make my list.