Business Management Daily

Q. One of our employees downloads music from the Internet and uses it in PowerPoint presentations.

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Issue: Ordinary property-loss insurance may not protect you against cyber-terrorism.

Risk: Financial ruin, if you lose trade secrets or your credibility with customers is damaged.

Action: Talk to your broker about cyber-insurance.

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You’d think wanting your work force to look healthy and in reasonable
shape would be good for business, especially if your employees work
face to face with customers or clients. Not necessarily, if a recent
court case is any indication.

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Issue: Protecting your organization’s secrets from competitors and preventing staff from jumping to the competition.

Risk: Noncompetes won’t stick if they’re overly broad or cover too many employees.

Action: Determine which key employees could walk out with the most damaging information.

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Issue: Laws applying to Web site sales and promotion are evolving.

Risk: You could face civil lawsuits, government fines of up to $500,000, jail time and the loss of your site’s copyright.

Action: Audit your site’s legal compliance, starting with these five problem areas.

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