The COVID pandemic has changed much about the business environment and operations, and anti-fraud programs must evolve along with them. To assess how organizations are preparing for the “next” normal, this research study surveyed anti-fraud professionals around the globe for their views on the current and expected effect of COVID-19 on the fraud landscape, including the lessons learned that will help move anti-fraud programs forward in a post-pandemic environment.
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While marijuana is still illegal under federal law, what was previously considered a forbidden substance is now part of the mainstream. As public policy evolves, risk professionals must stay abreast of legal and political developments, review and update existing workplace policies, and carefully handle any workers’ compensation, employment practices liability, and other insurance claims in which marijuana use may play a role.
Family offices are a key target for cybersecurity breaches and, with many organizations requiring their employees to work remotely due to the COVID-19 pandemic, the risks have only increased. With cyberattacks on the rise, many family offices are focusing their attention on how to protect themselves. Here’s a look at some of the most common types of cybersecurity breaches and what family offices can do to stay safe.
Although the events of 2020 were unexpected and hard to prepare for, having conversations about processes, assessing risks, and learning to practice decision-making with your family can help when crisis strikes. On this episode of Tolleson Insights, Richard Joyner shares his observations and the lessons learned over the last 18 months from working with families of wealth. He also shares the top three steps families can take to start their preparation process.
In this podcast episode, learn more about the latest updates on mandatory vaccine and mask policies, new action to ban non-compete agreements, a big free speech decision, New York regulatory updates, and a proposed wage and hour rule.
Some 90 percent of adults over 65 prefer to “age in place,” and even the need for health or mobility assistance doesn’t change their desire to stay in their own homes. It raises issues not just for Baby Boomers, but for those who are responsible for their transitioning through the stages of aging. The “aging in place” trend has also brought with it significantly more options and risks on the continuum of care. Welcome to senior citizenship, 21st Century style.
Cybersecurity risk creates a vexing set of challenges for family offices, high net worth families and executives, who, like any other business, would be well-served to make cybersecurity an important part of their estate planning and asset protection strategies. If the family or executive is prominent, a host of other issues related to privacy and identity protection apply. While there is no simple solution to the growing risks posed by cybercrime, there are few steps family offices, high net worth families, and executives can take to minimize the cyber attacks.
As the benefits and capabilities of the Internet of Things (IoT) accrue, so does the amount of data that must be collected, managed, and integrated with connected devices—and by enterprises everywhere. It’s a challenge that demands a new kind of digital trust and data sharing tradeoffs. For more insights from this IoT series, see:
News reports show large-scale data breaches are on the rise and affecting large retailers and even consumer credit organizations. There are numerous categories of cyber crime, but the ones that affect the most victims include identity theft, credit card fraud, and social networking scams. However, there are actions you can take to better protect yourself, your family, and your lifestyle from cyber crime and its long-lasting effects.
Estate-planning advisors should be aware that there are many creative planning opportunities for the use of Private Placement Life Insurance (PPLI) with trusts. PPLI is essentially a flexible premium variable universal life insurance transactions that occurs within a private placement offering. Previously, PPLI hadn’t been as appealing due to lack of Internal Revenue Service guidelines; limited investment alternatives; and wide-ranging expense charges.