Highlights from the industry’s latest news stories.

A just-published World Security Report, based on the opinions of 1,775 chief security officers from 30 countries, reveals that large global companies lost a staggering $1 trillion in revenue in 2022 due to physical security incidents, equivalent to a quarter of the world's GDP.

Commissioned by Allied Universal and its international business, G4S, the World Security Report documents opinions of 1,775 chief security officers (CSO) or those in equivalent positions from 30 countries.

The landscape of physical security has undergone a significant transformation, marked by the proliferation of IP-based endpoints.

NVT Phybridge 1701+ extender solutions can grow modularly from 1 to 4.

During a recent installment of the Security Industry Association’s “Vertical Insights Symposium Series,” Niall Jenkins of Omdia described the higher education sector as “more complex than most of the verticals” that the market research firm assesses. 

Founded in 1881 as the Ontario Jockey Club, WEG owns and operates Woodbine Racetrack in Toronto, Woodbine Mohawk Park in Campbellville. WEG properties welcome over seven million visitors annually.

Evolv Technology, AI-based weapons detection security screening provider, announced the addition of Parag Vaish to the company’s executive team as chief digital product officer.

Together, Alcatraz AI and Genetec will deliver access control solutions that increase the security of protected facilities and provide business insights while simultaneously making the experience frictionless and touchless for end users.

Qognify offers a set of open interfaces that enable a seamless connection to other physical security technologies such as access control, intruder alarms or video analysis.