Public-private partnerships in the security industry are nothing new. Private sector companies have paired up with law enforcement and government agencies for centuries as a business strategy to reduce risk and save money. But the number and size of private security companies and departments have grown exponentially over the past 25 years. Private security concerns, including mitigating terrorist threats, monitoring solutions, compliance issues, cyber security and communication, often overlap with public security problems and thus have increased the demand for protection against loss and liability.
As such, a great number of partnerships are being used to revolutionize security through new synergized solutions and techniques. And although public and private organizations’ end goals sometimes aim in opposite directions, the partnerships prove that when the two have something to accomplish together, they can uncover solutions to multiple problems.