More executives are seeking protection, a private security firm chief told The Financial Times.
Steve Jones, the chief executive of security company Allied Universal, told The Financial Times that global political instability had created increased demand for security services.
AdvertisementLast year, Alex Bomberg, chief executive of Intelligent Protection International, told Financial News that demand for executive security had doubled in 12 months.
According to Allied's World Security Report, in 2022, companies lost more than $1 trillion in revenue due to physical security incidents.
AdvertisementOne in four publicly listed companies reported a drop in their value after a physical security incident over the last year, the report said.
Persons:
Steve Jones, Jones, We've, Allianz's, Mark, Sundar, Alex Bomberg, It's, that's
Organizations:
Financial Times, Service, Allied Universal, Fortune Business, Trump, Allianz Insurance, Palestine, Group, Web Services, Google, Business, Companies, Meta, Intelligent Protection, Financial News
Locations:
Israel, Washington ,, Germany