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How to Prepare for Terrorism Risks

It is no longer news that terrorist attacks targeted at public places where you least expect an attack such as streets, stadiums, shopping malls have increased in recent times. It is surprising that these attacks are happening in countries that are not registered as places prone to terrorism.
For instance, the recent attack in Manchester, England has raised eyebrows and made it imperative for each of us including every group to be cautious. According to a reliable source, twenty-two persons lost their lives and several others injured. Though it is entirely not possible to thwart terrorist incidents, companies can utilize proactive measures to check the effects of terrorism and arrange for a viable plan that will protect their employees, clients and their supply chains.
According to Aon, there has been an increase in the occurrence of terrorist attacks across the globe as a 14% growth has been recorded from 2015 to 2016 as it grew from 3,633 to 4,151. In fact, countries in the western world witnessed more attacks according to the postulations of the report. For example, there was an unprecedented increase in terrorist attacks as there was an upsurge from thirty-five terrorist cases in 2015 to ninety-six in 2016. Germany experienced three terrorist attacks from 2013 to 2015. In the following year, the same country recorded seventeen attacks where fourteen individuals were killed, and seventy-seven persons had injuries.
Research from Aon has shown that oil and gas firms are more vulnerable to these attacks. The activities of the militants in the Niger Delta region of Nigeria reduced the oil production capacity of Nigeria drastically in the first half of 2016. Guardian even reported that the attack has not stopped despite ongoing negotiations between the Nigerian Government and the militant group leaders.
It is crucial for multinational organizations to provide possible plans for their employees working in a restive environment; they should also be informed and trained on the approaches that will ensure your security at work and home and the next steps to take in case of an emergency.
There should be adequate communication about being security conscious even in the countries assumed to be safe from terrorist attacks as citizens should watch out for any apprehensive moves. Moreover, the company should use the similar method used to inform its employees about the next line of action in reaction to a significant weather change or currency instability for terrorist attacks.
Terrorism as a Known Risk
According to Mark Beasley, a director of the North Carolina State University’s Enterprise Risk Management Initiative, terrorism is a known risk. He further stated that business organizations must realize the danger and create a robust plan that will mitigate the effect of a terrorist incident on their business empires, clients and members of staff.
The features of the plan are determined by various factors which are supply chain of the company, location, and the company’s business sector. The Chief Executive Officer, corporate communications team, and other departmental heads should know the precise moves to make in the face of a terrorist incident.
For example, if a staff lost his life during an attack, will grief counselors be on the ground to provide emotional support for the colleagues of the slain employee? Another example is what the evacuation plan for expatriates in a country facing a crisis is? Thirdly, what are the possibilities in the supply chain in case there are no means to reach a specific part of the nation?
Chubb, a reputable insurance provider, suggested that firms who are operating outside the shores of their home countries can react to the dangers of terrorism by examining the risks involved against the potential incentives. It is also crucial for these firms to inform their staff of the dangers of terrorism and ensure they acquire the necessary training and security procedures.
Though these companies can emphasize the response of their employees, there is little or nothing they can do to curb the activities of terrorists on soft targets. An example of this scenario is the terrorist incident that happened in Nice, France where a man rammed a cargo truck in crowded street meant for pedestrians leading to the death of more than eighty persons.
According to Richard Dugulin in his analysis called Global Risk Insights, Western Europe has witnessed more of similar attacks in recent times. He cited a reduction in restaurant bookings, and lower hotel occupancy rates are two business-related risks with terrorist incidents. He also made points for travel security strategies, the duty of care obligations and the ability of companies to curb security threats for their properties and employees. He concluded that various organizations are aware of the new atmosphere in Europe which necessitated the application of new internal policies and an accurate perception of the local risk setting.