Month: December 2021

This Saturday, December 11, many Filipino BDO users posted on their social media how their accounts had been illegally used to transfer money to the UnionBank account of a certain “Mark Nagoyo.” The said online scam started as early as thursday where thousands of pesos were processed without their knowledge. The financial institution stated that it will investigate the case and reimburse the affected consumers, they also reminded everyone of the ways in protecting their banking information. However, victims explained that they were careful of phishing links and did not share any of their vital banking information. So people are left wondering and terrified on how this actually happened? There are only 3 possible scenarios.

1. Hackers may have used vulnerabilities in your online transaction records with the bank

How to protect yourself/company: Make sure to only access legit links and email from your bank. Understand the game of how phishing works.

2. Hackers are using powerful tools to attack a bank’s vulnerable systems. Tools such as Malware, DDOS attack, Social Engineering, Trojan horses and web attacks.

How to protect yourself/company: Make sure to always secure your password and update them accordingly. Make sure your company’s IT department is doing periodic Vulnerability Assessment and Penetration Testings to sweep probable attackers. Ensure to take cybersecurity and data privacy training as often possible to get updates (https://bit.ly/3pQNHbd)

3. Fraudulent insiders within an organization or company typically get paid high amounts to leak information to professional hackers.

How to protect yourself/company: Make sure to do periodic and random background checks for both current and future employees/suppliers and business partners.

In light of the advancements in technology, companies and employees must address a slew of new security concerns in order to continue providing their customers with the best and safest services possible.

The latest PH Bank Scam points to an insider. This is certainly frightening but not new as hacking is usually assisted by someone familiar with systems on the inside. And it can happen to anyone, to you or your company. The only way to protect yourself and your company is to proactively apply cybersecurity controls and regular background checks.

One way to protect yourself and your company is to learn Cybersecurity and Data Privacy through this FREE mini-course. You can access it here: https://bit.ly/3pQNHbd#cyberattacks#dataprivacy#cybersecurity

Get a FREE copy of How to do Background Checks Correctly go here: https://www.vanguardscreen.com/background-checks/

Book a call and appointment with us at https://www.vanguardscreen.com/ and [email protected]

According to Microsoft, 41% of employees worldwide want to quit their jobs this year, while in the United States of America 4.3 million or 2.9% of their working population already quit their jobs last August. Organisation for Economic Co-operation and Development (OECD) data shows that in 38 member countries, at least 20 million employees have not returned to work since the pandemic. 

Economists are calling this pandemic-induced mass resignation The Great Resignation. 

The COVID-19 pandemic forced people to see beyond the paycheck and many realized that life is too short for the shackles of a 9-5 job. With unemployment benefits, inadequate pay, caregiving, relocation and fear of COVID-19 contact, workers have started to go back to suburbs or freelancing. 

Resignations are highest in the healthcare and hospitality industry as those who worked in fields that had experienced extreme increases in demand due to the pandemic were likely leading to increased workloads and burnout. In a survey, 40% of employees cited burnout as the reason why they quit their job, while 20% said it’s the lack of flexibility, and 16% replied that it’s because their employers did not support their well-being. Hence, work-life balance and flexibility was found to be the solution to this phenomenon. 

Is this reversible?

Based on studies here are 3 productive measures companies can implement to strengthen, empower, attract and retain talent amidst the “great resignation”.:

1. Switch to a hybrid model and accept remote work to be the reality

Remote work is here to stay, pandemic or not. Everyone has experienced working from home and has realized at one point that it can be done. Everyone also realized that this concept can save resources, time and energy for both the workforce and companies who are still on the fence. The step of allowing employees to do their jobs remotely without penalizing their career growth shows a great deal of support to work-life balance. Allowing employees to work both on-site and off-site is becoming a common practice in some businesses. Depending on the company, employees may work either from home or in the office full-time. Others may allow a combination of the two options, too.

2. Re-engineer compensation and benefits

A lot of companies have begun restructuring their organizations, pay and compensation to focus on more meaningful benefits aimed at health and safety, mental wellness, job security, connectivity and empowerment. Perks and non essential items whose costs take up most of the budget are being cancelled to make way for more sustainable practices, rewards and recognition that will help uplift the employees morale. An example would be ditching time tracking devices in favor of more performance and results based measurements.

3. Diversity

Diversity does not always mean hiring people from different social backgrounds, sometimes it can also be the need to hire people with different needs. 

By rearranging your company, these productive measures will help in empowering your human resources to enable flexibility and executives to realize that aside from a paycheck, employees need a better reason to return to work. The time to reimagine office culture, work, and leadership has come and the pandemic has raised the flag to the race of gaining the best of the best talents.