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The recent increase in employees working from home as a result of COVID-19 brings an increased risk of cybersecurity threats.
With 25 percent of Canadian organizations now going entirely remote and 85 percent going remote with at least half of their workforce, it’s important to keep up with appropriate cybersecurity measures.
Consider developing a new, written work from home policy that goes into effect only during emergencies. This policy can account for all special considerations that are different from your original policy, which may need to be reverted back to once the emergency ends.
A VPN can provide a direct connection to the organization’s normal applications, similar to if the employee was connected directly to the organization’s network. This can hide the user’s IP address, encrypt data transfers in transit and mask the user’s location. If the organization already has a VPN, ensure that it can handle the extra bandwidth from the sudden influx of new remote users.
All devices being used for work should be secured with up-to-date firewalls, antivirus, anti-malware and data encryption software.
Reinforce the importance of basic cybersecurity practices, such as using strong passwords and refrain from connecting to public Wi-Fi.
Keep the use of removable media such as USBs, SD cards and discs to an absolute minimum and never use it as the sole storage location of valuable data.
Rather than allowing employees access to all programs and resources, grant them access to only the programs and resources that are essential to their duties.
Part of practising effective cyber security at your organization includes understanding and correctly using industry terms. Stay in the know with these common cyber security terms:
Even if your business enforces all of these measures, cyber criminals continue to find new ways to attack businesses of all sizes. Cyber insurance in Ontario can help protect your business from many types of cyber threats.
Contact a Scrivens cyber insurance broker today to get a quote for your business.
Financial advising involves providing guidance and advice to individuals, families, or businesses to help them make informed decisions about their financial matters. This can include various aspects such as investment planning, retirement planning, tax planning, estate planning, and more. Financial advisors analyze their clients' financial situations, goals, and risk tolerance to create customized strategies that align with their objectives.
Financial planning is crucial for several reasons:
Goal Achievement: It helps individuals set and achieve financial goals, whether they are short-term, such as buying a home, or long-term, like funding a comfortable retirement.
Risk Management: Financial planning addresses risks by considering insurance, emergency funds, and other protective measures.
Budgeting and Saving: It promotes responsible money management through budgeting and saving, fostering financial stability.
Wealth Building: Effective financial planning can lead to wealth accumulation and the creation of a secure financial future.
Yes, financial advisors can help with debt management. They can assess your overall financial situation, create a budget, and develop strategies to pay down debt efficiently. They may also negotiate with creditors on your behalf, provide debt consolidation recommendations, and offer guidance on prioritizing and managing debt repayment.
The specific responsibilities of a financial advisor can vary, but generally, they:
The fees charged by financial advisors can vary widely based on factors such as the advisor's experience, the services provided, and the region.
Common fee structures include:
Hourly Fees: Advisors charge an hourly rate for their services.
Flat or Fixed Fees: A set fee is charged for specific services or a comprehensive financial plan.
Asset-based Fees: Fees are a percentage of the assets under management (AUM).
Commission-based Fees: Advisors earn commissions on financial products they sell.
Combination of Fees: Advisors may use a combination of the above fee structures.
It's important to discuss and clarify fee arrangements with a potential financial advisor before engaging in their services.