Magazine article Security Management

CEOs Are Mixed on Terrorism Concerns. (News and Trends)

Magazine article Security Management

CEOs Are Mixed on Terrorism Concerns. (News and Trends)

Article excerpt

A new survey on the effects of the September 11 attacks on U.S. businesses shows that while awareness of and concern about terrorism among CEOs of large companies have risen, a significant minority of these corporate chiefs do not anticipate substantial new security costs. The Booz Allen Hamilton survey of 72 CEOs of firms with more than a billion dollars in annual revenues found that although 80 percent of CEOs believe that corporate security is more important now than it was before, one-third don't anticipate substantial new security costs.

Moreover, 72 percent of the CEOs polled believe that the quality of corporate security is no more important now for customers than it was on September 10, and that customers willingness to purchase from their companies won't be affected.

"That surprises me very much," says John J. Strauchs, CPP, whose firm is currently involved in dozens of security projects with Fortune 1000 companies. "Our clients don't reflect that kind of sentiment," he says. "They are extremely concerned about what customers think--they're spending a lot of money now and passing some of [the expenses] on to customers.

Strauchs points out that the survey doesn't ask specifically whether the CEOs believe that most of the customers, or just some, find security more important now. …

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