A technology-based industry standard is needed as Physical Security modernization solutions, driven by COVID-19, are accelerated As physical security operations budgets are expected to increase in 2021, driven and accelerated by COVID-19, the study showcases the collective perspectives of chief security officers, chief legal officers, chief compliance officers and physical security decision-makers — on their physical security operations, what keeps them up at night, challenges and opportunities they foresee in 2021, and the pressing need for physical security modernization through technology. Business continuity is at the heart of physical security concerns and 69% of security, legal, compliance and physical security executives say their leadership would agree it will be impossible for their company to recover financially and reputation-wise were a fatality to occur as a result of missed physical threats. But the reality is they are already teetering on the brink of inadequately protecting many aspects of their businesses. Alarmingly, 71% of respondents say in the past year the lack of unified protective intelligence has resulted in missed threats and physical harm to their company’s employees, customers and human assets.