Security companies in New York say the financial crisis has created brisk business in everything from bomb-sniffing dogs to bodyguards for executives. The firms didn't want to identify the companies for security reasons.
Pat Timlin, president of the Michael Stapleton Associates, which provides dog teams, said some companies are reacting to the negative atmosphere surrounding Wall Street firms.
"These are people used to living private lives, and are now faced with publicity and attention, often negative attention, and they're worried and responding to that," Timlin said.
Tim Horner, the managing director at Kroll Inc. security company, said the financial industry is taking any perceived risk much more seriously. He has seen an increase on the human resources side of security from companies concerned about hostile laid-off employees.
He has also seen more companies reacting to the very public criticism of once very private companies like AIG.
"There are corporations that have been spotlighted as those responsible or whatever, where they weren't before, and it's a concern," he said. "What's going on here is the stress that individuals and corporations are facing, given a downturn economy. The problems are highlighted more during this time."
Horner said AIG seems to be responding prudently to a corporate security risk.
"I'm sure there is not only a perceived risk, but there are probably threatening or harassing e-mails and blog entries all over the place. They're right to cover themselves," he said.