here has been widespread alarm around the world this week that two passengers on missing Malaysia Airlines flight MH370 were able to get on the flight with false passports, exposing what many believe is a loop-hole in aviation security.
Archive for the ‘Security Industry News’ Category
NSW Governement has to expalin why security company implicated in licensing scam awared major contractMonday, March 3rd, 2014
The NSW government was forced to defend its screening procedures on Saturday after it emerged a Sydney security firm scooped a multimillion-dollar contract weeks after being implicated in a major licensing scam.
The head of New Zealand’s bid for a seat on the United Nations Security Council is selling this country as an independent principled voice and a good listener.
New Zealand is competing with Spain and Turkey for one of two seats on the council in 2015.
Virtualization isn’t a new trend, these days it’s an essential element of infrastructure design and management. However, while common for the most part, organizations are still learning as they go when it comes to cloud-based initiatives.
According to a new report from market research firm IHS, Inc., the global market for video surveillance equipment is expected to grow by more than 80 percent over the next five years, from $12.6 billion in 2012 to a projected $23.2 billion in 2017.
Tyco announced on Wednesday that is has agreed to acquire video management software provider Exacq Technologies for $150 million in cash.
According to a statement, the acquisition of Indianapolis-based Exacq, which offers the ExacqVision VMS platform, will complement Tyco Security Products’ existing product portfolio and further strengthen its presence in the video market.
Police charged a man with arson after he was caught by a security guard hired to protect vacant houses from suspicious fires, including one that razed a house.
Firefighters were called to the scene of a house fire on the outskirts of Waharoa, near Matamata, on Wednesday night after the guard raised the alarm.
The message from the market seems clear; major conglomerates in the security business have given up on their long standing strategy of growth through acquisition. None of them excluding Tyco, have made a significant acquisition since 2010. In the five years prior to that, they were all active in acquiring businesses both large and small; increasing their geographic scope and updating their technology.
According to a new report from Cleveland-based research firm The Freedonia Group, world demand for security equipment is expected to increase 7 percent annually to $117 billion in 2016.
The research firm expects the fastest gains to be made in parts of Asia, Eastern Europe, Africa, and the Middle East where security markets are still relatively underdeveloped
An Auckland security company boss is defending charges of failing to protect one of his guards who was murdered on the job.