Bailard, Inc.’s Post

A worthwhile piece to keep in your back pocket.

A worthwhile piece to keep in your back pocket.

As we approach year-end, it's crucial for businesses to review key compliance areas to stay ahead. From financial reporting to data privacy, ensuring compliance can safeguard your company against future challenges. Are you confident your business has all its bases covered? Dive into this article for vital insights: https://hubs.la/Q02SP1gW0. What's your top compliance priority as the year wraps up? #BusinessCompliance #YearEndReview

I just learned about the Corporate Transparency Act, which apparently went into effect on Jan 1 of this year. Apparently, all U.S. businesses must register with the State Department by the end of the year, or face a possible $10,000 fine. There is no fee but apparently it takes time and requires proof of citizenship. It's through the State Dept. web site so I'm assuming it has something to do with national security? Looking for experts who can explain what this is about, how it works, and which businesses must register.

In this article, Tyrone Walker discusses fraudulent reviews of your business on Google and what can be done to protect your business. Read the full article here: https://lnkd.in/g5uQtExQ www.hunthunt.com.au

https://lnkd.in/gX7SRq33 "Program Summary: As contemplated in the EO and DOJ Fact Sheet, the new program will prohibit or impose restrictions on “U.S. person” data transactions involving the transfer of U.S. Bulk SPD or certain U.S. Government-related data to “countries of concern,” or to “covered persons” subject to such countries’ jurisdiction. DOJ is expected to identify data brokerage transactions and certain genomic-data transactions involving the transfer of data to such jurisdictions and persons as “Prohibited Transactions” due to their inherent sensitivity. Another subset of transactions involving vendor, employment, and investment agreements (“Restricted Transactions”) may be permitted subject to compliance with certain predefined security requirements (e.g., organizational cybersecurity posture requirements, physical and logical access controls, data masking and minimization, use of privacy-preserving technologies) to be established by the Cybersecurity and Infrastructure Security Agency within the U.S. Department of Homeland Security to mitigate national security concerns regarding data access by such countries or persons." #dataprotection #datatransfers

🛡️🇺🇸This week, President Biden issued a groundbreaking Executive Order, marking one of the most significant executive actions ever taken to safeguard Americans' data. Focused on the protection of personal and sensitive information, including genomic data, biometrics, health records, geolocation data, and financial information, the order aims to significantly fortify data protection in the USA. 🗂The unregulated market data has long raised significant privacy, counterintelligence, and national security concerns posing risks like intrusive surveillance, scams, and privacy violations. 📌The Order directs various departments to issue regulations and set high security standards to prevent large-scale transfers of sensitive data. Such regulation would ensure proper and robust protections for data, reducing misuse and mitigating risks associated with data brokers and commercial transactions. 🔑Companies handling Americans' data must stay updated with evolving regulations in order to align with them and implement adequate measures. As the landscape evolves, proactive compliance will not only protect sensitive information but also contribute to national security and privacy preservation. Stay informed, implement strong safeguards, and contribute to the collective American effort to fortify data security and data privacy. #DataSecurity #DataPrivacy #DataProtection #ExecutiveOrder #NationalSecurity #CyberSecurity #HonosPrivacy Read the order at the federal register here: https://lnkd.in/eJY3psg6

Carroll & O’Dea Lawyers’ Yue Lucy Han and Selwyn Black look at how small business owners can proactively address their organisations privacy concerns. Read their article below:

The future is looking bright in 2024, as I recently told James Mills at Law360 for this forward-looking article published today. Though the markets slowed considerably this past year, the economy is revving back up and I think we will likely avoid a recession. With inflation in better check and interest rates having peaked, I think businesses and private equity funds that were slow to invest last year are now seeing the right opportunity to deploy their cash.   In addition, demand for litigation counsel is on fire these days in California, particularly with regard to securities class actions, SEC enforcement, cybersecurity and data breaches. The stakes will only get higher this year. Whistleblower complaints will also be on the rise. And, of course, there's no doubt AI and the related compliance, data security, employment and ethical concerns with the technology will continue to take centerstage.   What are your predictions for 2024? Please let me know below!   Read the full piece here: https://lnkd.in/gV-j4iht   #disputes #ai #cybersecurity #databreach

Small Business M&A Guide: This week's article discusses the importance of Non-Disclosure Agreements in M&A transactions, challenges with enforcement and other security measures that should be considered before disclosing sensitive information. https://lnkd.in/e7nuzWkW