09February
2017
Keep Tabs on Phone-Based Customer Authentication

Authenticating the fact that phone customers are really who they say they are is becoming increasingly challenging. There is not one sure-fire method to verify a customer’s identity over the phone. That fact helps to explain how one phone-fraud scheme — operated out of a federal prison — resulted in losses of more than $500,000 (see right-hand box). The best approach is to launch a multi-pronged attack that addresses some of the weakness involved in conducting business over the phone.t, enĀ OthersĀ  Consider the following proactive steps to help keep your customers’ data safe: Conduct a risk assessment. Given the vast…

09February
2017
Using Prenuptial Agreements as an Estate Planning Tool

Prenuptial agreements and domestic law vary from one state to another but nearly every state has laws that prevent one spouse from entirely disinheriting the other. However, with a prenuptial agreement, one spouse can waive his or her right to the other’s estate. Let’s say you are getting married and have children from a previous marriage. Your spouse-to-be also has children and is financially secure. You may want to change your will to leave the bulk of your estate to your children and perhaps a small amount to your new spouse. However, the change in your will may not completely…

09February
2017
Old Habits May Be Costing You Dearly

There’s an old story of a soldier who got up every morning, walked over to an unused iron stove in the middle of the barracks and gave it a swift kick. Then he’d hop around in pain and yell at the stove. When a fellow soldier asked him why he did such a thing, he said it was “tradition.” His father kicked the family stove every morning and so he did the same. There might have been a time when kicking the stove served a purpose but it had long since been forgotten. All that was left was the habit…