Posts in Category: SafeTalk

Blog Post List

#MeToo and You--The Movement's Impact in the Workplace 

by Laura Simmons, Esq., HR Director and EPLI Claims Manager, ABA Insurance Services

The public has witnessed powerful men in the entertainment industry being taken down by allegations of harassment. The resulting #MeToo and #TimesUp movements demonstrate that women are no longer willing to tolerate or ignore sexual harassment. Employers should use these events in the news to improve their culture, review their policies, and ensure that they provide a harassment-free workplace for everyone

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ABA Insurance Services Rolls out Enhanced D&O Liability Coverage 

ABA-endorsed Insurance Program offers new policy features

ABA Insurance Services has developed a Directors & Officers Liability (D&O) policy to protect financial institutions and their directors, officers and employees to keep pace with today’s litigious environment.

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Social Media and The Workplace 

co-written by Marquerite Irefin and Jennifer H. Gorman, Esq., ABA Insurance Services

With social media everywhere, employers face unique challenges when it comes to their employees’ use and conduct. Not surprisingly, employees have been known to share information about their employers, including negative statements and damaging information, sometimes hurting the employer’s reputation; however, challenging employee social media posts can be tricky, difficult and potentially illegal.

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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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Community banking and the “Green Rush” 

Why banks resist the urge to service marijuana-related businesses
Dec, 2015 Categories: Legalized Marijuana SafeTalk Spotlight

The opening up of the market for recreational and medical marijuana is so lucrative that it has been dubbed the “Green Rush.” Marijuana-related businesses in these states, like most businesses, need to receive suitable banking services; however, banks are generally unwilling to establish and fulfill these banking relationships.

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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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A Dyre Situation: Malware Targets Corporate Banking Accounts 

First discovered in June 2014, “Dyre” malware has quickly become one of the most prominent banking Trojans targeting corporate customers’ bank accounts today. A system infected with the Dyre malware, which is delivered and downloaded through phishing/spam campaigns, will attempt to harvest customers’ information and online banking credentials to conduct unauthorized transfers.

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Court rules in bank’s favor in an account takeover case. 

What does this mean to you?

In a relatively high profile court case, an appellate court ruled in favor of the defendant/bank rather than the plaintiff (the bank’s customer) in a dispute over an account takeover claim and reversed a lower court opinion, ruling that the bank may seek attorney’s fees from the plaintiff. In many respects, the decision handed down will be a significant influence on future court cases and also on security/verification procedures a bank mandates or places on accounts regarding account transfer requests.

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