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Emerging markets exhibit common characteristics such as economic liberalization, cheap labor and enormous growth rates. However, these markets are dissimilar in terms of the nature of security problems posed to security directors due to enormous cultural, social and economic differences. In this study we examine the security practices of 12 leading edge companies in five emerging markets: Brazil, China, India, Russia and South Africa. We specifically examine security concerns and challenges security directors face when doing business in these high growth emerging markets.