Diving deep into the metrics from more than 1,270 data security incidents, this one-of-a-kind report features actionable insights and checklists to help companies improve their data security measures and operational resilience. Key findings reveal ransomware remains front and center; companies are becoming more resilient after making investments in security enhancements; a change in the risk landscape with the use of cloud assets; and e-crime continuing with a surge in wire fraud.
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Attracting and retaining talent was a significant problem for many organizations before the COVID-19 pandemic, and it continues to be a major issue across most industries. While the pandemic complicated matters, business leaders should look at the talent challenge as an opportunity to reposition itself and take the necessary steps—including leveraging technology and supporting local apprenticeship and school outreach programs—to thrive in the short term and to enjoy success in the long term.
For decades, owners of privately held companies have used Employee Stock Ownership Plans (ESOPs) to sell their business and unlock meaningful liquidity while preserving their legacy. Current federal and state laws create an environment where an ESOP might be an attractive path to align the objectives of selling shareholders, the management team, the employees, and the company.
After more than a decade of record low interest rates, the combination of inflation and increasing interest rates has investors jittery; however, it also presents an opportunity for high-net-worth individuals to review and adjust their existing strategies for estate planning, business planning, financial planning, and wealth management.
A gap between one’s perception and reality can cause disappointment, frustration, and concern. For the business owners, who need to understand their position in the market compared to its competitors, there are three important gaps to keep in mind and monitor: the profit gap, value gap, and wealth gap.
Corporate insiders pose a unique threat as they are given privileged access to the company’s assets and are trusted to use that access responsibly and ethically. However, this can go awry in several ways, from unintentional, negligent acts to intentional, malicious acts. To help prevent, detect, and respond to that threat, it’s important to address the three key risks when evaluating your Insider Threat Program.
An influx of new insurers has helped expand overall capacity in the U.S. insurance market. As the market begins to stabilize, commercial insurance buyers that maintain quality risks with strong data to back them up should begin to see relief in 2022. However, buyers in certain geographic areas, industries and other risk categories will continue to face enormous challenges.
During the Great Resignation, retaining talent has become a big challenge for many employers who know that losing talent can be costly and high-performing employees are difficult to replace. While employees may leave if they are underpaid relative to the market, it is rarely the sole reason for leaving an employer. As companies think about retaining talent, a holistic review of the employee value proposition that looks beyond compensation can be helpful.
Facing more frequent and intense cyber threats, it’s vital that businesses are prepared for the attacks. In this episode of Marsh’s Risk in Context podcast, learn how organizations can build effective cyber incident and ransomware management plans and the actions they can take before, during, and after an attack. An important piece of your plan should include having a go-to list of reliable resources—such as law firms, forensics firms, and various extortion service providers—to act on your behalf in the event of a cyber incident.
As the owner of a closely held business, proper planning will ensure that, if something happens to you, your business interest is transferred according to wishes. Having a buy-sell agreement in place is only half the battle. Funding your agreement ensures that there is money available to purchase a departing owner’s business interest in the event of death, disability, retirement, or other circumstance. When considering and comparing the various funding options available, life insurance is often ideal.