Security has come to mean different things to different people. With the alarming rise of crime rate the term Security has taken a different dimension altogether. All this has created a new arena of opportunities and avenues, coupled with added responsibilities. We are living in a world full of uncertainties where we cannot imagine any entity without a security back up. Changing climatic pattern, erratic rainfall, floods in unexpected areas are a few examples of today's uncertainties, which leads to risks and requires effective risk management. And thus the role of security comes to play. The concept of security has undergone a radical change in the past few years. Now a days it is not only a task of watch and ward mechanised gates and boundary walls but requires deep studies in Risk Analysis, Business Impact Analysis, Total loss prevention concepts, Loss prevention management systems, Disaster management plans, Information Security and Systematic approach to security solutions.