Security is a major challenge confronting T&T and the world and in response to local and global risks, businesses must employ relevant strategies and update their risk management techniques.
That was the advice from Bruce Mackenzie, Vice-President of AmChamTT, when he addressed a conference, Security Risks: The Changing Landscape, at the Hyatt Regency in Port-of-Spain on Friday.
The event was aimed at fulfilling the AmChamTT’s mandate of capacity building within the private sector and McKenzie said the organisation had joined forces with G4S, to host the event because they are committed to tackling issues that are critical to improving the business environment.
“AmChamTT has been active in the area of corporate security and national security for some time now. A number of our initiatives deal squarely with combating crime and criminal activity at all levels,” he said, adding that in the past three years the organisation had re-introduced and revamped the security track of the conference to feature sessions on physical and cyber security.
“Even as we call for digital transformation and innovation in the public and private sector, we acknowledge that this will bring new risks and challenges. Risks are innate to life and business,” he said. “How we forecast, manage or mitigate these risks is the hallmark of successful businesses, resilient businesses.”
As the security landscape changes, Mackenzie added, AmChamTT wants to help businesses assess those risks and devise risk management strategies to ensure safety and survivability.
Totaram Dookie, Senior Supt of the Fraud Squad, said collaborations with stakeholders across the board are needed in combating rime.
“The dynamic innovations and advancement of technology have fuelled fraud and financial crimes,” he said.
“What is desperately required is the symbiotic relationship between law enforcement, locally and globally, and all other stakeholders in the financial sectors, including security companies.
“It is through continuous collaboration and through strategies likes these that we will stem the tide of the financial haemorrhaging that goes on in the business sector and by extension the economy.”