Business

As the number of Asian policy holders increases, it is important to understand the cultural differences when handling claims involving Asian policy holders. These differences should be taken into account during conference calls and when conversing by email. Lack of cultural sensitivity can lead to misunderstandings and less efficient business dealings.

Tips to Remember

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Recently, seven separate company chief financial officers in a city in Indiana received an email similar to the following from their chief executive officers:

We are in secret merger discussions. Tell no one. We have hired a consultant to assist with the
due diligence review. Please send a retention payment by wire to:

Ms....

The auto parts industry has historically experienced one of the highest frequency rates of employee theft. Why? It’s easy. Auto parts are easily stolen and sold for cash. eBay and PayPal have made it simple to obtain a larger distribution market for the employee to sell the stolen auto parts. Recently, in 2014 and 2015,...

Cyber Liability & Prevention

In April 2011, Sony’s online gaming network was hacked, compromising the personal and credit card information of 77 million users. The network outage lasted 23 days and cost Sony $171 million. A class action suit has charged Sony with negligent data security, unauthorized storage and retention of data, and failure to...

Business owners are becoming increasingly aware of numerous schemes they and their employees need to avoid. Cyber fraud lurks in many different forms, including, but not limited to:

• Auction Fraud
• Investment Fraud
• Counterfeit Cashier’s Check
• Lotteries
• Credit Card Fraud
• Nigerian Letter or “419”
• Debt Elimination
• Phishing/Spoofing
• Parcel Courier Email Scheme
• Ponzi/Pyramid
• Employment/Business Opportunities
• Reshipping
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