Capstone Newsletter – Fall 2018
Losses from business email compromise (BEC) attacks in over 150 countries have reached a whopping $12.5 billion, according to the Federal Bureau of Investigation (FBI). The FBI added that the amount stolen as a result of BEC schemes has more than doubled since last year (up from $5.3 billion), with nearly 80,000 reported worldwide incidents so far compared to a little over 40,203 in 2017.
The United States alone lost $1.6 billion due to BEC from 2013 to the present, and even big companies like Google and Facebook are not immune to this threat.
If you own a business, you can’t go wrong with networking. This powerful tool opens the door to a lot of opportunities. Aside from improving your visibility, networking helps create new connections, strengthens relationships, and gives you unlimited access to fresh ideas to make your company grow.
From the European Union’s General Data Protection Regulation (GDPR) to America’s Health Insurance Portability and Accountability Act (HIPAA), government regulations have become the go-to answer for dealing with the epidemic of data breaches. Quietly released by a state government agency in early 2017, one data security framework is about to put all past regulations to shame.
In The Twilight Zone episode “Wordplay,” a salesman wakes up in a different world, one where no one speaks a language that he recognizes. He gets angry and frustrated, without any hope in sight.
Like other episodes of the popular TV series, this is an exaggerated situation many of us are familiar with, especially managers who struggle to communicate effectively with their teams.
If your organization ever stores or transmits patient health information (PHI), you are legally obliged to comply with the provisions of the Health Insurance Portability and Accountability Act (HIPAA) -- even if you aren’t a healthcare provider.
HIPAA compliance applies not only to healthcare providers themselves, but also their associates and partners, such as insurance providers, accounting firms, quality control, data-storage firms, and other administrative services.
If you run a small- or medium-sized business that struggles with staying ahead of technology issues, a managed IT services provider (MSP) is an affordable long-term solution. You’ll receive proactive maintenance and anytime IT support for a fixed monthly rate, regardless of whether your company is just getting started or employs more than 95 people.
There’s no getting around business travel if you run a successful company. You have to attend trade shows, industry conferences, and award ceremonies to maintain your growth and reputation. It’s now easier than ever to stay connected with your team during these trips and to manage unexpected requests from leads you meet on the road.
I recently sat down with Pat Stracuzzi, one of the most profitable Remax agents for St. Lucie, Martin, and Palm Beach counties. It was an incredible opportunity for me to pick his brain about the habits that have led to his success and happiness.
Ultimately, he believes gratitude, teamwork, and accountability helped him grow from an inexperienced agent to the president of a team that closes $100 million in real estate deals every year.