The MacNair Travel Leadership Blog

6 Ways for Financial Executives to Prevent Security Breaches

Posted by Mike MacNair on Feb 25, 2016 12:00:00 PM

6 Ways for Financial Executives to Prevent Security BreachesIt’s a company’s worst nightmare: a data security breach. In a moment, confidential, client-specific and your organization’s financial data is compromised by someone hacking into your seemingly secure computer system. A security breach presents a challenge to all businesses; and while we hear about large businesses that are affected (Target, Home Depot, etc.) SME’s are at-risk as well.

Security breaches affect everyone, but no one feels the pain more than the company’s CFO. The Finance Executive’s role is changing, adding IT and further data management functions under their purview. In addition, security breaches take a direct hit to the bottom line. In the Ponemon Institute’s 2015 Cost of Data Breach Study (sponsored by IBM) the total average cost paid by organizations is $6.5 million, with an average cost for each lost or stolen record containing sensitive and confidential information being $217.

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Topics: Finance Executive, travel regulations, CFO

Shattering the Myth of the Real ID Threat

Posted by Mike MacNair on Jan 8, 2016 12:00:00 PM

There have been headlines all over the news this week reading “Driver’s licenses from five states will no longer be valid to board domestic flights,” leaving travelers concerned that they will not be able to get through TSA with their state issued IDs. These stories started to pop up last September and reemerged recently, flooding news outlets. To be honest, as someone who has a business trip scheduled in two weeks, I looked at the list of “invalid” licenses to make sure that my state wasn’t on there. After all, I do not want to be caught at TSA without my passport if I need it for my domestic flight.

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Topics: Corporate Travel, Travel Management, travel regulations