Vast, Unrealized 3rd Party Risk

The current state of the private security industry:

The current model of trust is broken.

 Private security firms are incentivized to grow & to protect themselves.

Their compliance auditors are not truly independent.

Their compliance auditors are paid for and accountable to them.

Can you imagine their auditors biting the hand that feeds them?

Airports & airlines have vastly more unrealized risks than they know.

There are too many conflicts of interests.

There are too many compromises.

Large exposures. Airports/airlines don't always know where they're exposed.