Private security is an industry responsible for the protection of life, property, and information. Definitions of the term private security vary. Private security can be considered any type of protective service that is typically financed through nonpublic funding sources. In 1970, the U.S. Department of Justice funded the first major study of the private security industry in the United States, which was conducted by the Rand Corporation. The Rand report defined private security as “all types of private organizations and individuals providing all ...

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