Informed Employer: How Secure Is Your Data And What Can It Cost You? Informed Employer: How Secure Is Your Data And What Can It Cost You?

Informed Employer: How Secure Is Your Data And What Can It Cost You?

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Job Applicants Finding Employers Taking Longer to Fill Positions
It's taking employers longer to fill job openings than it has since at least 2001. While that's inconvenient for companies, it's great news for job applicants and the economy as a whole.
(Source: Bloomberg Businessweek, 2014-06-12) Read the full article
Obama to Sign Order Banning Discrimination Against Gay Workers
President Barack Obama will sign an order banning federal government contractors from discriminating against gay and transgender workers, officials have said. The executive order follows years of pressure from gay rights groups.
(Source: BBC News, 2014-06-16) Read the full article
More Cities, States Ban Criminal History from Job Applications
When Dwyane Jordan got busted four years ago on felony drug-peddling charges, he was thankful to get probation and addiction treatment rather than prison time. What he didn't bargain for was the haunting effect that being branded a felon would have on his ability to earn a living -– a burden he shares with roughly 70 million U.S. adults who have criminal records.
(Source: Buffalo News, 2014-06-16) Read the full article
More Types of Companies Requiring Workers to Sign Non-Competes
Noncompete clauses are now appearing in far-ranging fields beyond the worlds of technology, sales and corporations with tightly held secrets, where the curbs have traditionally been used. From event planners to chefs to investment fund managers to yoga instructors, employees are increasingly required to sign agreements that prohibit them from working for a company's rivals.
(Source: The New York Times, 2014-06-08) Read the full article
Employers Cutting Back on Workers' Benefits, Shifting Costs
Employers are slashing major medical plan options even more and shifting costs to employees who are forced to find other alternatives such as opening a health savings account (HSA). Changes in benefits are occurring because 49 percent of companies said that controlling costs is their top business issue, compared to only 28 percent in 2011, according to a recent survey from Aflac, a Columbus, Ga. provider of voluntary insurance.
(Source: MainStreet, 2014-06-13) Read the full article
Employers Move Quickly to Offer Insurance Via Private Exchanges
Employers are moving more quickly than forecasted to offer health insurance to their workers through private exchanges, according to new data from Accenture, a consulting firm. Three million people signed up for workplace health coverage for this year through private exchanges, Accenture said.
(Source: The New York Times, 2014-06-12) Read the full article
Hotlines Found Most Effective Way to Catch Corporate Criminals
In the 2014 Report to the Nations on Occupational Fraud & Abuse, the ACFE admits that catching corporate criminals through analyzing transactions or performing some kind of audit is not very effective. The most effective way to catch corporate criminals, on the other hand, is through employee fraud hotlines, says the ACFE.
(Source: CFO.com, 2014-06-05) Read the full article
Big Companies Urge Congress to Act on Immigration Overhaul
Some of the nation's leading businesses are prodding lawmakers to act on immigration legislation as the issue enters a critical phase on Capitol Hill. In a letter, the chief executives of Coca-Cola, McDonald's, Loews Hotels, Tyson Foods, Cargill and a half-dozen other national and regional companies write that without action to overhaul ineffective immigration laws and allow lower-skilled workers into the country legally, their businesses cannot ensure the workforce they need.
(Source: ABC News, 2014-06-10) Read the full article
Workplace of Future Could See Dramatic, Innovative Changes
The workplace of the future might rely less on technology than on innovation -- simple innovation, such as pulling a sofa into the office. And that innovation appears to be already building steam.
(Source: Chicago Tribune, 2014-06-13) Read the full article
 
 
 
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How Secure Is Your Data And What Can It Cost You?

 

William Barath

 

Employers constantly deal with maintaining personnel, medical and other confidential records related to employees. Some companies keep everything forever, but this leads to crowded storerooms and increased liability in the event of lost or stolen records. In recent years, this issue has extended to electronic data related to employees, customers, and vendors. Still, many companies continue to rely on the “keep everything” approach with little regard to current technology.

Every week seems to bring another data breach related to employees or customers of nationally-recognized companies. Statistics show that approximately one-third of data breaches result from hacking attacks from outside individuals or entities. The other two-thirds, however, arise from either careless/negligent employees, e.g. an HR employee who loses a laptop or smartphone containing confidential information, or rogue employees who steal the information. When a breach does occur, federal and state law can require notification to affected individuals. Breaches can also result in lost goodwill and civil liability including identity-theft damages and paying for credit monitoring services for breached individuals. Many employers literally do not recover from the financial impact of such a data breach. For publicly-traded companies, breaches can result in SEC-mandated disclosures and even shareholder suits if a breach negatively impacts stock price.

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Fast and Not-so-Furious U.S. Border Entry Options

U.S. Customs and Border Protection (CBP) has developed a variety of programs to create faster entries into the United States. As of January 2014, approximately 2.5 million people were enrolled in CBP's trusted traveler programs that provide expedited entry to the United States for pre-approved, low-risk travelers and cargo. Understanding the programs that are available and who can benefit from them can create an efficient and not-so-furious entry into the United States.

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