Uncertain Future – Part X -Private Security Companies

Beyond the need for standard training, which will introduce a new vocabulary and the mindset to go with it, is traditional security, which is getting a remarkably untraditional makeover. Companies today are forming which are consolidating the need for security. Less and less often are you seeing security divisions within companies which are not in the business of providing security. Instead, the role of security guard for most companies is often filled by an agent of companies which specialize in the outsourcing of such skillsets. What this means for the future is that we won’t see the old mall cops drifting around on their segways, whose only real talents don’t actually center on tactics and prevention, but on finding a job where they are being paid to stand there.

Instead, these jobs are going to be going more and more to the larger security companies who specialize in the role. Soon, we will likely see a time where all private security for public places, such as malls, workplaces, and schools, all wear an inconspicuous similar uniform labeled with the same logo throughout. Instead of working directly for the companies that employ them, they will be contracted in, all centrally trained and networked with their other satellite offices and local police, all working under a centralized headquarters somewhere in the city, or perhaps across the globe. One such example is Sweden’s Securitas, a logo known throughout the West.

A recent article followed Securitas and the year it has had [53]. According to the Association for Financial Professionals, Securitas experienced “a sharp rise in profits for 2015 amid an increased threat of terrorism and the European migrant crisis.”

Net profit for the full-year rose by 18 percent to 2.44 billion kronor (258 million euros, $288 million), or eight percent excluding currency effects.

Sales climbed by 15 percent to 80.8 billion kronor.

In Europe, sales rose by eight percent to 37.5 billion for 2015 and by 11 percent in the fourth quarter, bolstered by the November 13 attacks in Paris and the arrival of hundreds of thousands of migrants in Europe.

The company earnings report cites the increased need for security services owed to terrorism alerts and the refugee situation has impacted organic sales growth in Western Europe, mostly in countries like France, Belgium, Germany and Sweden. They also reported a similar rise in Turkey, a country which has welcomed around two million Syrian refugees and saw numerous terrorist attacks within the last year. Securitas also saw a 24 percent increase in North American sales, as well.

Securitas isn’t alone, however. Spain’s Prosegur has a healthy share of the European public security market along with an American based security firm G4S. G4S started becoming more known for its role as the principal security provider for the 2012 London Summer Olympics, a significant role ever since the Munich massacre where eleven members of the Israeli Olympic team were killed. They have also been called by some the largest company you’ve never heard of [54], since they maintain the third largest corporate workforce of any company Earth (660,000 employees) and are considered (loosely) by some to be the largest private military that has ever existed. [55]

While training for you and me will be mandated behavior to attempt to control and mitigate threats, and very large, very structured private security companies will provide for the broader public to help prevent the dangers, another tier of security will create a phenomenon never before seen – the million dollar bodyguard.

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