Tag Archive for: Safety

3 Top Stocks to Ride the Buoyancy in Security and Safety Services Industry – October 10, 2023

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The Zacks Security and Safety Services industry is poised to benefit from strong demand for security and safety solutions prompted by growing concerns of terrorist and criminal activities and the need to safeguard citizens and infrastructure. Improving supply chains and a deceleration in inflation augur well for the industry’s near-term prospects.

Companies like Axon Enterprise (AXON – Free Report) , Brady Corporation (BRC – Free Report) and Lakeland Industries (LAKE – Free Report) are poised to take advantage of the buoyancy in the industry.

About the Industry

The Zacks Security and Safety Services industry comprises companies that provide sophisticated and interactive security solutions and related services, which are meant to be used for residential, commercial and institutional purposes. A few industry players develop electrical weapons for personal defense, as well as military, federal, law enforcement and private security. Some of them provide solutions for the recovery of stolen vehicles, wireless communication devices, equipment for the safety of facility infrastructure and employees, and products for detecting hazards. A few companies provide a variety of services to automobile owners and insurance companies. The industry serves customers belonging to various end markets, including manufacturing, electronics, hospitality, education, construction, telecommunications, aerospace and medical.

3 Trends Shaping the Future of the Security and Safety Services Industry

Demand for Security and Safety Services: Growing concerns of terrorism and criminal activities around the world are promoting demand for security and safety services. Political unrest across countries, prompting governments to safeguard citizens and protect infrastructure, acts as a key growth driver for the industry. With growing urbanization, governments are increasingly focusing on the safety and security of people, assets and the like, thus driving demand in the industry. Thanks to rising instances of hacking, the industry is seeing growing demand for Internet security products and services like firewalls and…

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Grooming cases at record high amid online safety laws delay

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Rani Govender, senior policy officer at the NSPCC, said: “We don’t think there’s a trade-off between safety and privacy, we think it’s about investing in those technical solutions which we know are out there, that can deliver for the privacy and safety of all users on these services.”

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US cyber safety board to investigate cloud security and Exchange Online breach

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The Cyber Safety Review Board has launched an investigation into the cybersecurity threats facing cloud service providers.

The probe by the CSRB was first reported by Bloomberg late Thursday and confirmed today. As part of its investigation, the CSRB plans to look into a high-profile breach that hit Microsoft Corp.’s Exchange Online email platform earlier this year. During the cyberattack, a hacking group believed to be affiliated with China accessed the inboxes of several U.S. government officials.

“We must as a country acknowledge the increasing criticality of cloud infrastructure in our daily lives and identify the best ways to secure that infrastructure and the many businesses and consumers that rely on it,” said CSRB Chair and DHS Under Secretary for Policy Rob Silvers. 

The CSRB, which launched last year, was formed by the U.S. Department of Homeland Security in accordance with an executive order that President Joe Biden signed in 2021. Its mission is to investigate large-scale cybersecurity incidents. The CSRB is composed of 15 government officials and private sector experts.

The first focus of the board’s new investigation is the recent cyberattack against Microsoft’s Exchange Online platform, which came to light last month. During the breach, a hacking group suspected to be based in China gained access to the email accounts of Commerce Secretary Gina Raimondo and multiple State Department officials.

The hackers breached the accounts using forged authentication tokens. Those are pieces of data that a computer uses to verify the login request it sends to an application, in this case Exchange Online, is legitimate. The hackers forged the authentication tokens by exploiting an encryption key stolen from Microsoft and a since-patched flaw in one of the software giant’s cybersecurity systems.

The CSRB’s probe comes about two weeks after Senator Ron Wyden asked federal agencies to review the Exchange Online breach. In a letter, the Senator requested that the CSRB “investigate whether lax security practices by Microsoft enabled” the hack.

As part of its investigation, the board also plans to review “issues relating to cloud-based identity and…

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More rangers coming to Colorado Springs trails to help address safety concerns

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COLORADO SPRINGS — Efforts to clean up Colorado Springs’ trails and help them feel safer, will get a bit of a boost in the fall as new city park rangers start their patrols.

The plan is to hire four new park rangers who will be out patrolling hot spots for complaints about homeless camps and will work closely with the other departments to find a solution.

“I think it’s any of the underpasses you have to go under. I just get a little more nervous.” Michelle Grey’s concerns shared city-wide is seen in the increasing number of complaints that are coming into the city about loiters and the homeless.

Piles of trash, clothing, and personal belongings can be found all along the Pikes Peak Greenway trail. Homeless encampments have plagued areas of urban corridors prompting safety concerns among trail users.

Starting in September, more rangers will be out patrolling Colorado Springs trails. Park Maintenance and Operations Division Manager, Eric Becker says, “It’s a very complex issue. We’ve heard the concerns and I believe the presence of the ranger will make a big difference.”

The new ranger program received $446,000 out of the city’s general fund during 2023 to get started and cover staff and two new vehicles, according to the city budget. Sales taxes support the city’s general fund, typically used for core city services.

The teams of rangers will patrol when parks are busiest. “We will have one senior ranger and three rangers – ones that we’re in the process of hiring. They will patrol in teams of two with a concentration on the Midland and Greenway trails. Those seem to be the biggest concern at this time,” explains Becker.

The amount of unhoused in Colorado Springs is a widespread issue. In fact, Mayor Yemi Mobalde has made addressing homelessness, street outreach, and more affordable housing an immediate mission of his. Park rangers are an added piece to this bigger puzzle. They will work closely with CSPD, the city’s Homeless Outreach Team, and neighborhood services. They also rely on reports from citizens.

Rangers will have back up if needed, and will increase enforcement when necessary but like Becker says, “Our presence of the trails. That’s key. We will be there to…

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