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.
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No matter where you are in your life’s journey, there’s an element of risk to plan for to protect your assets. Blake Panosh, Baird’s Manager of Insurance & Annuities, covers common insurance planning misconceptions, as well as who should consider insurance planning and how to get started.
Cyber-attacks at all levels are not a new phenomenon, nor do the Russians have a monopoly on them. While the Russia/Ukraine crisis is at the forefront, it won’t be the last global event that family offices will need to address when cybersecurity is involved. Family offices, executives, and enterprises can take actions to help alleviate the cyber-attack risk when it comes to cyber retaliation from Russia or other state-sponsored cyber-attacks.
In the post-pandemic work environment, having an objective tally of employee wants and desires can be a valuable tool for companies to gauge what American employees really expect. In this survey of 1,584 Americans who worked full-time and received benefits as part of their pay, we learned that employees are taking charge of what they want from their employer and are pushing for flexibility in when and where they work. Other key findings are uncovered and point to how companies may need to re-examine workplace policies.
The COVID-19 pandemic has led to an acceleration of adoption of cloud solutions and other remote access tools. However, hasty adoption of any new technology that is not combined with robust security frameworks, policies, and controls can leave businesses vulnerable. A formal vendor management process and having specific controls in place can mean the difference between a cloud solution being a huge advantage to agile solutions or leaving the business open to attacks and unauthorized access.
With the IRS increasing their funding and enforcement, upper income taxpayers should expect the IRS audit coverage to increase dramatically on them. It’s important to prepare for the tax changes that are coming—and coming quickly. Along with having a team of professionals on your side, there are steps you can take to protect yourself. Now is the time to review and perhaps recalibrate your risk tolerance for tax strategies.To learn more about the coming changes, listen to the podcast recording here with Waller’s Leigh Griffith.
The more we use social media to share updates, pictures and videos with friends and family, the easier it can be for cybercriminals to steal our information. See how you can use social media safely to protect yourself and your private information from cybercriminals.
Crafting the right message can be tricky at the best of times—add a global pandemic and new vaccine to the mix and the process can be downright terrifying. Depending on the needs and culture of your organization, you may use one or a combination of these communication approaches when deciding on whether to roll out a vaccination awareness campaign for your employees.
In the wake of the COVID-19 pandemic, cybercrime syndicates and hackers have been busy: the FBI estimates there’s been an 400% spike in cybercrimes since the onset of the pandemic. In this infographic, learn what’s at stake for affluent and high-net-worth individuals—and how to build protection from the surge in cybercrime.
While no tax legislation has been drafted under the Biden administration, one thing we know for sure is that taxes will go up. Being aware of the proposals being discussed can help you prepare for what comes next, including what you should be considering for both income tax and estate tax planning this year.