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16th September 2022

Why Financial Businesses Are Migrating to IP-based Security

IP-based security is an excellent way for any business to leverage its security in a cost-effective and reliable manner. IP (internet protocol) security systems operate as digital security cameras and store footage via a network video storage system. IP security is becoming increasingly popular with financial businesses as IP systems work digitally and can house data more efficiently than CCTV or other physical security systems.

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Why Financial Businesses Are Migrating to IP-based Security

IP-based security is an excellent way for any business to leverage its security in a cost-effective and reliable manner. IP (internet protocol) security systems operate as digital security cameras and store footage via a network video storage system. IP security is becoming increasingly popular with financial businesses as IP systems work digitally and can house data more efficiently than CCTV or other physical security systems.

Here we will walk through why IP-based security may be a preferred option, covering the main advantages that work teams and managers can use when choosing this system.

Provides More Robust Security Through More Verification Methods

IP-based security uses verification methods to operate effectively, which can be seen as a much more robust and secure system. The system works by quickly authorizing users based on data on which visitors are allowed network access at specific dates and times.

A further element to this point is that administrators and managers can receive real-time notifications about their network, allowing them to efficiently see who is trying to access their network or if any issues have arisen in their team. This increases network visibility, further securing the company as a whole, which is particularly important for businesses in finance as extensive data will be viewed and created daily.

A Reliable Security Platform That can Transmit High Volumes of Data Quickly

The trouble with many traditional CCTV setups is that you need to find a separate way to download, store and view the data regarding access. With IP-based security, you can transmit high volumes of data quickly between connected systems, making access control management a much easier task to keep track of.

And, you won’t be waiting around for data to be manually checked, or entry requests to be granted won’t be necessary, as this data will be accessible immediately. You could also opt for a non-physical system that doesn’t require any infrastructure in its setup, meaning you can focus solely on your IP-based security.

It can Be a Lower-cost Security Measure

In addition to the overall efficiency and effectiveness of IP security, there are also significant benefits regarding cost. This is due to the fact you wouldn’t have to maintain wired connections or install any physical factors.

Another factor is that you can integrate your new IP security with older measures such as CCTV and physical security practices. This means that you won’t need to splurge on entirely new equipment to feel the benefits of IP-based security.

Provides Additional Security Management Flexibility

As mentioned above, IP-based security allows administrators and managers to oversee activity from their devices. This means security management will become increasingly more flexible, with managers able to grant or deny access no matter where they are located.

This is particularly apparent in the world of commercial door security, as your IP access control system can merge with your cloud system, which allows you to monitor visitor access and keep track of who is on-site at any given time. Usually, your team will have access credentials such as a key card or fob, which they will know how to use regarding company protocol. Still, if any technical problems were to arise, managers would be able to grant access to authorized visitors through the digital platform.

Final Thoughts IP-based security is an excellent alternative to installing physical systems that may cost more money and time for financial businesses. One of the biggest positives to financial firms that choose to use IP-based security is that their data can be transmitted quickly with minimal setup or interference involved, meaning the system is efficient, even for big companies.

IP-based security also allows managers to oversee access in real-time through notifications, which could further be supported through physical or cloud-based access control, making the business more manageable and easier to see who has been accessing specific data.


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