Cyber threat is as old as the internet itself. While some attacks are politically motivated, the majority are carried out for financial gain. The potential profit to be made with someone’s personal information, particularly if the individual is of high net worth, is great—in fact, it’s a more lucrative industry than the illegal drug trade and the criminal has a lower risk of getting caught.
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Statistics show that teenagers are more likely than any other age group to be in an automobile accident. In several tragic incidents, the use of a cell phone was involved.
This webinar discussed how high net worth families and their respective offices, as well as family-owned and operated businesses, are facing increasingly complex security risks in both the physical and cyber domains.
The disruptive political events and social unrest of 2016 may pose significant operational and strategic risk for businesses. With events at the ballot box and on the streets exposing flaws in the systems of liberalism and globalization, business leaders must think differently about priorities and risk management practices.
The Internet of Things (IoT) connects machines and devices to one another. Today’s devices have between 6 to 9 sensors capturing and transmitting data to help all industries become more efficient, productive and safer. The 2020 annual global economic potential across all sectors is estimated up to $14.4 trillion—that is the current GDP of the European Union. For businesses to fully realize the great potential of the Internet of Things (IoT), they will need to be prepared for the privacy, cybersecurity and liability risks that lie ahead.
With people, assets, and services becoming increasingly connected by software and hardware—the Internet of Things (IoT)—physical risks are now directly intertwined with digital risks. Will errors made by artificial intelligence be treated more like products liability or vicarious liability? Since IoT is so new, there is no definitive legal reference of concise volume of regulation on the topic.
There are many reasons to accept a position on a board of directors or as an officer of a company. The cause may appeal to you or you may see this as a way to give back to the community. You may derive additional compensation from this type of position, or it could be an honorary position. Whatever the reason, it is important to remember that with these additional responsibilities comes additional risk. By accepting a position as a director or officer, you can be held personally liable for the decisions made and actions taken in that professional capacity.
In order to effectively reduce their risk profiles, families of wealth must understand how they may be impacted by geopolitical events. General Hayden is uniquely positioned to bring the level of sophisticated insights families and their advisors need to build a comprehensive view of global risk. In this session, General Hayden will explore the tectonic shifts affecting the world today and how they are changing.
As with many of your possessions, the value of jewelry is not simply monetary. Individual pieces often hold significant sentimental value: a tennis bracelet gifted to mark the birth of a child or an heirloom brooch passed down from a grandmother, for example. These are irreplaceable, so taking the proper steps to secure and protect them is critical. This article details five considerations to help protect your precious possessions.
Under their tag as Baby Boomers, the Pre-Retirees have always been different. In the insurance sphere, that difference shows itself as a change in perspective that entails new requirements. Whether to downsize and how, what legacy to leave, and similar questions that call for more than advantageous sales. To provide the added-value advice and service they need, financial advisors must look at their Pre-Retiree clients’ lives holistically in collaboration with risk and insurance advisors.