SEN Weekly Wrap

SEN Weekly Wrap – What Went Down In Security This Week?

SEN Weekly Wrap – SEN Weekly Wrap is a super-fast look at what’s gone down in the security industry this week in no order whatsoever. If it needs more salt, that’s because we only decided to serve it up half an hour ago.

First bite, ASSA ABLOY posted its 2023 results – these were up thanks to acquisitions, flat without. In the U.S. venerable alarm maker Napco showed there’s life in the segment yet, posting a record performance based on recurring revenue. JCI reported the company was nipped $US27 million in a Dark Angels’ ransomware attack last September but won’t say more.

Australia floated a July date for the nation’s new digital ID and it doesn’t look fit for purpose, thanks to generative AI fakes and the turbo-charged evolution of identity threats. It’s not the government’s fault – there’s only one solution and it will poke privacy square in the eye with a pointed stick.

Axis just received certification for conformance with the cybersecurity standard ETSI EN 303 645, ASIAL is separating its Awards for Excellence and the OSPAs judging panels, Sydney Opera House has deployed OPENGATE, which detects weapons as visitors walk through its mobile portals – sad we need it, but good to have.

DAS has loads of Hikvision stock, BGWT has i-PRO X stock, Ava Risk Group has signed a deal to protect Telstra’s network, Motorola Solutions’ sales were up 10 per cent.

SEN Weekly Wrap

Hikvision has released new cameras so stealthy IPVM won’t be able to find them to criticise them, CRK has released Dahua cloud managed servers, SecuSafe has won Akuvox intercom distribution, Milestone has adopted the G7 AI Code of Conduct – the first security company to do so.

Vivotek is pitching its new Vortex Connect VSaaS, SALTO is merging its various platforms into the SALTO WECOSYSTEM, which combines Salto Gantner, and Vintia with the aim of leading the digital transformation of access and identity management.

Speaking with a security installer in Sydney, getting quality staff sounds worse than ever – it seems like everyone is hiring. Meanwhile, several distributors say the market had a slow start to the year but is now picking up in key areas as users realise the sky is not going to fall on them.

Broader economic conditions remain patchy, though steady, with no move on rates, inflation trending downwards and tenders remaining resilient, especially when it comes to local and state government spending. Housing starts are down, construction costs are falling, renovations are up, the cost of tradespeople is up.

Security and automation solutions that deliver increased efficiencies in cost and function through remote access, reduced risk/losses, improvements to operations through AI, have the potential to drive business through challenging times.

Competition is tight but there are opportunities for good products and there might be more if nearly every distributor wasn’t carrying them. Chatting with a consultant during the week we heard end users want AI, but ensuring AI makes operational sense on a budget is way more challenging than user’s think.

That’s not quite a complete wrap – the tale’s hanging out. If you like fish with your newspaper, you can find the location of the world’s best (on their day…) here or read more SEN news here.

“SEN Weekly Wrap – What Went Down In Security This Week?”