Posts in Category: Loss control

Blog Post List

Be aware of liability when serving alcohol at company-sponsored functions 

With summer in full swing, many companies are planning group outings with alcoholic beverages being provided by the company. Business owners and managers should recognize that there is a legal liability associated with providing alcohol at these types of events that is not entirely unlike the risks borne by your local tavern owner.

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Prevent the ransomware epidemic from infecting your organization 

by Heather Wyson-Constantine, Vice President of Payments and Cybersecurity, American Bankers Association

By now, you’ve mostly likely heard the news: ransomware is here and it’s a problem. The impact can be devastating. Imagine not being able to access your email, customer information or vital records for days or even weeks. Victims not only face monetary losses associated with the ransom and loss of business during the downtime, but also the additional forensics costs, the loss of employee productivity and, most importantly, customer trust.

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What is “Negligent Entrustment” and what does it mean for your bank? 

by Dirk Hanket, P&C Product Manager

The number of negligent entrustment suits and verdicts is increasing, with large settlements being common and judgments often including punitive damages. The costs of developing and implementing a safety and risk program are minimal compared to the emotional and financial costs of negligent entrustment.

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FREE Webinar recording: What bankers need to know about cyber insurance 

Original broadcast: July 23, 2015

Originally broadcast July 23, 2015, this cyber insurance webinar is now available for free for playback/download. Gain an understanding of cyber insurance basics, including key coverage components with claims examples. Recent industry changes as well as buying considerations are also reviewed. Click on "Read more" below for more details and to playback or download the presentation.

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FBI issues bulletins on Dyre and Carbanak malware 

The FBI released several updates and bulletins to the banking industry regarding two different malware: Dyre and Carbanak/Anunak. The Dyre malware is being used with social engineering in order to get around two-factor authentication typically required by banks for large wire transfers.

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Steps to encourage a harassment-free work environment 

Workplace harassment takes on many forms, making it difficult to tell the difference between normal office banter and offensive or unlawful behavior. Most of us agree that we want our workplace to have a friendly and enjoyable environment. There are some practical steps a business owner or manager can take to encourage a harassment-free environment and protect the company from claims and lawsuits.

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