COMPANY NEWS

 

The Protection Bureau’s 14th Annual Education Scholarships Awarded

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The Education Fund was established in 2005 by Keith and Mary Ladd, owners of The Protection Bureau, for the benefit of children of current employees who enroll in formal programs for post-high school education. “Looking back, it’s hard to believe that 14 years have gone by. It’s heartwarming to see these young adults at our company events — hearing what they’ve accomplished and how far they’ve come,” said Mary Ladd. “This project was one that was close to Keith’s heart. I know he would be very happy that we’ve been able to continue it.” Recipients are selected each June for the ensuing school year and these awards help to defray the costs of tuition and/or books. Initially, distributions of only four awards per year (up to $1,000 each) were anticipated. This year seven scholarships were distributed to families in the office for students attending colleges and universities. To date, 74 students have received scholarships totaling $74,000 over the past 14 years. Of these applicants, some received scholarships for three and four years running. A panel of three independent judges received the unopened applications and made the decision with no input from the company other than to verify eligibility of the applicant. These awards are entirely outside the control or influence of company management. Judge Vicki Pry, pastor of caring ministries, Hopewell UMC, said, “As a former teacher, I’m passionate about education. What a blessing it has been for me to serve on this review team since the inception of the Ladd Education Fund! Reading the applications submitted by these young folks year after year gives me a hope for the future. I believe it is incredibly important to resource persons who value education and who long to make a difference in the world. These scholarships do just that.”

The Protection Bureau Partners with CSR for data breach reporting

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(Exton, PA)—The Protection Bureau, the premier Pennsylvania-based integrated security system specialists, recently announced their new partnership with CSR Professional Services, Inc. As a company that is fully committed to providing the ultimate protection for their customers, The Protection Bureau has partnered with CSR to provide a full suite of the industry leading data protection services for their clients. More information about these services can be found on The Protection Bureau website.

STATE OF THE MARKET: Security & Monitoring

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Technology changes, major shifts in the market and evolving customer expectations bring a wealth of opportunity — along with challenges — to both the commercial and residential markets. By Karyn Hodgson, SDM Managing Editor 2017 was a good year for the economy. The housing bubble has almost entirely recovered; the stock market saw record gains; and new construction was on the rise. In November, single family home building surged to a 10-year high, according to the Commerce Department, while ConstructConnect reports commercial construction enjoyed modest gains. All of these elements are highly favorable to the security industry — and manufacturers, dealers and integrators definitely felt the positive impact of these trends.

New Tax Incentives for Security and Fire Protection Systems

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The Tax Cuts and Jobs Act (P.L. 115-97) signed into law on Dec. 22, 2017, included two important changes to the U.S. tax code providing incentives for businesses to invest in new security, fire protection and alarm systems. These incentives were part of the broader effort in the new law to produce long-term economic growth by encouraging business to make capital investments. Generally, the costs of commercial-use security, fire protection and alarm systems are capitalized and depreciated over a recovery period of five, seven, 15 or 39 years, dependent on factors such as the type of system purchased, the integration within a building structure, whether the installation involves owned or leased property, and the relationship to business activity. Beginning in 2018, the new tax law allows many businesses to write off the full cost of such systems as an expense for the tax year they were placed in service, eliminating the capitalization requirement.

Who Should Monitor Your Accounts?

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When it comes to central stations, there are benefits to hosting your own and benefits to subcontracting a third-party wholesale monitoring company. The right decision depends on each company. by Tim A. Scally, SDM Magazine It’s a decision that every security dealer has made or is in the process of making: What is the best option for monitoring? While there is no universal answer, there is a choice that is best for each company, but one that only that company can determine. In the world of monitoring services, there are four basic types of companies: those that only provide monitoring; those that only install and service alarms and contract with wholesale central stations; those that monitor their own accounts as well as the accounts of others; and those that do their own monitoring only.

Security systems integrators will need increased IT expertise in 2018

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by Matthew J. Ladd, The Protection Bureau The security market is very active right now. Business is strong, according to most of the people that I talk to in the industry. In 2017, we at The Protection Bureau had one of our best years ever revenue-wise. Because of a strong economy, businesses are spending money on security. 2017 growing trends The trends that happened in 2017 vary. One trend that is growing is the national account concept. This is because clients are deploying more and more enterprise-level systems and taking advantage of network-based systems. Another trend this past year is growth of the IP video market, a strong technology in the market because and where many integrators generate their revenue. We also saw many clients with older surveillance systems invest in updating their technology, such as replacing older IP-based systems with newer versions and taking advantage of analytics and greater recording options and storage solutions. Many of our customers also invested in updating their access control systems by replacing their older Weigand cards with more secure card formats.

Who Is In The Facility?

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By Allan B. Colombo, Facility Executive Effective integration of access control and visitor management is one tool in tracking building occupants. Security is an important part of business in high-rise office buildings, manufacturing facilities, campus settings, and facilities of all sizes. This includes the development of an intelligent security network that provides for secure, automatic access security policies; and seeks to provide actionable data related to the comings and goings of regular employees; outside, on-site consultants; as well as short-stay visitors. “Corporate security has become a high-profile issue since the events of September 11, 2001 exposed America’s vulnerability to terrorist attack,” says Thomas E. Cavanagh, author of Corporate Security Measures and Practices, An Overview of Security Management Since 9/11. In this article we’ll talk about the need and function of access control and visitor management systems. We will look at how these systems are sometimes connected internally by a single software solution as well as other integration methods.

The Integrator’s Role in Active Shooter Protection

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by Paul Rothman It was a normal day at Ft. Lauderdale’s Hollywood International Airport until the shots rang out. Pandemonium ensued. A man was firing a Walther PPS 9mm semi-automatic pistol at travelers in the baggage claim area. The terror lasted a little more than a minute, and then it was over. The shooter was out of ammunition. He laid on the ground and waited to be arrested; meanwhile 11 innocent people also lay on the ground – injured or killed by the bullets. To say this is the worst-case scenario for your security clients is an understatement. This is the nightmare. And while some facilities are inherently safer than others, the active shooter scenario is indiscriminate – it can touch any facility or vertical market, whether a hardened courthouse, an open house of worship, or a school, corporate campus or airport.

Who Should Monitor Your Accounts?

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When it comes to central stations, there are benefits to hosting your own and benefits to subcontracting a third-party wholesale monitoring company. The right decision depends on each company.