Articles

PART 2 OF 3: Construction Industry Risks: Data Privacy and Cyber Security Risk Management and Risk Transfer

Data Security Risk Management Basics
The risks associated with the collection, transfer, and retention of data are real and significant. For a construction company, it is of paramount importance to identify areas of exposure and develop adequate risk management programs that address data privacy and security. To help you get started, here is a list of questions to ask yourself when developing your corporate risk management plan. These should include, but not be limited to, identifying and inventorying your corporate data.

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PART 1 OF 3: Construction Industry Risks: Data Privacy and Cyber Security Basics

Rarely does a week pass when we don’t hear about another major cyber breach, computer virus, or social engineering scam.

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Form 1095 Deadline and Penalties

As part of the ACA employer reporting requirements, certain employers must provide a Form 1095-C or 1095-B to all applicable employees by March 31, 2016. Employers subject to employer reporting requirements who fail to provide the required Form 1095s by the deadline may face penalties similar to those imposed for W-2 reporting.
Background

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Proposed Revisions to SBC and Uniform Glossary

On February 22, 2016, the Departments of Labor, Treasury, and Health and Human Services (“the Departments”) released proposed updates to the Uniform Summary of Benefits and Coverage (SBC) template, instructions, and Uniform Glossary (“glossary”). The proposed documents build largely on the revisions first proposed in December 2014. However, they incorporate additional stakeholder feedback—primarily from the NAIC—and the Departments are requesting public comments through the end of March before the documents are finalized.

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Does Your Firm Have a Network Breach Plan?

Your IT Department has assured the latest updates and patches are in place for your firm’s network and your technology consultants are confident the system is set to prevent a hacking attack. But, just in case, your firm has recently purchased “cyber liability” insurance.

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Social Engineering Criminals May Be Targeting Your Organization: Are You Vulnerable?

Human-based social engineering fraud (sometimes referred to as human hacking) is defined as the art of influencing people to disclose information and getting them to act inappropriately.

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