Zurich North America’s Post

The Federal Trade Commission's (FTC) recent prohibition on non-compete agreements is poised to reshape aspects of privacy law, particularly concerning the handling of sensitive information. With the new rule in place, employees are likely to experience greater job mobility, which introduces potential risks related to transferring and managing confidential data. As employees move between companies, there's an inherent risk that sensitive information might be inadvertently or maliciously transferred or misused. In response to these risks, employers might strengthen their use of non-disclosure agreements (NDAs) and enhance data security measures to safeguard intellectual property and sensitive data. This shift necessitates the development of more comprehensive privacy laws, policies, and guidelines to address the new dynamics of employee mobility and information security. Furthermore, the FTC's ban underscores the importance of ethical surveillance practices in the workplace. Employers must find a balance between enhancing security measures and respecting employees' privacy rights. This balance is crucial not only for legal compliance but also for maintaining trust and morale within the workplace. Overall, the FTC's decision to ban non-compete agreements could significantly influence privacy law, particularly how privacy is managed in the context of increased employee mobility and workplace surveillance practices. Further details on the decision can be found in the following link. https://lnkd.in/dQiSZRVY #FTCRegulations #PrivacyLaw #DataProtection #Compliance

Before #nationalconversationweek draws to a close, take time to read this blog on why it is so important to facilitate conversations with employees to protect your organisation against the insider threat. https://lnkd.in/einAu53T #insiderthreat #internalfraud #employee #hr #bribery #abc #whistleblower #whistleblow #fraud

Supplier Declaration Form, why you should use them. A well-crafted supplier declaration form enables an organization to succinctly capture and obtain supplier concurrence on vital issues that impact smart business decisions. This proactive approach protects the company from potential issues arising from contractor misconduct. By incorporating the company's stance on key issues such as sustainability, anti-corruption, anti-competition, human rights, money laundering, and terrorism, etc., you can educate contractors and potential contractors about your organization's values and expectations. This transparency helps ensure supplier alignment and mitigates risks. I encourage you to develop and utilize this valuable instrument to bring your suppliers up to speed and safeguard your company's interests. #supplierdeclaration #anticorruption #sustainability #millenniumgoals

In an effort to deter criminal conduct, the DOJ is encouraging companies to partake in a new pilot program that penalizes responsible employees through clawbacks for compliance breaches. Organizations that voluntarily disclose wrongdoings and engage in remediation efforts promptly may receive reduced fines, or potentially a declination. To learn more about the program and how you can step up your monitoring and reporting capabilities to comply, download our full Compliance Trends 2024 report. #ComplianceBreach #ComplianceTrends

Your adversary’s rudeness or obstructionism could be their natural behavior or a calculated strategy to make your job more difficult. Either way, you must deal with this misconduct to protect your client’s interests. Here's how: https://bit.ly/3RYfODE #LexisNexis #PracticalGuidance #Strategy

Are you up to date with FTC regulations? Ensure your business meets the FTC Safeguards Rule and stays ahead of compliance. Here’s what you need to know ▸https://lnkd.in/g45aUAPB #BusinessCompliance #FTCRules #DataSecurity

#ProtectYourTech: US companies today face an expanding array of threat vectors from the PRC -- not only illicit tactics, but also legal & quasi-legal efforts to acquire US #technology, talent, & data. US firms also face blended operations that combine some or all these methods.

🔍 𝐜𝐨𝐧𝐭𝐫𝐚𝐬𝐭 𝐜𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧 𝐮𝐩𝐝𝐚𝐭𝐞 ‘𝐁𝐞𝐥𝐠𝐢𝐚𝐧 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧 𝐀𝐮𝐭𝐡𝐨𝐫𝐢𝐭𝐲 𝐅𝐢𝐧𝐞𝐬 𝐌𝐚𝐣𝐨𝐫 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐅𝐢𝐫𝐦𝐬 𝐟𝐨𝐫 𝐂𝐚𝐫𝐭𝐞𝐥 𝐏𝐫𝐚𝐜𝐭𝐢𝐜𝐞𝐬’ Today the Belgian Competition Authority (“BCA”) imposed substantial fines on Securitas, G4S, and Seris for their involvement in cartel practices within the private security services sector. The fines amount to a €47.095.112. The practices in question spanned from 2008 to 2020 and included: 𝟏. 𝐏𝐫𝐢𝐜𝐞 𝐅𝐢𝐱𝐢𝐧𝐠: The companies applied minimum hourly rates for security guards, as established within their professional association. 𝟐. 𝐁𝐢𝐝 𝐑𝐢𝐠𝐠𝐢𝐧𝐠: The firms coordinated bidding intentions and ensured specific contracts remained with particular suppliers. Prices were also agreed upon. 𝟑. 𝐍𝐨-𝐏𝐨𝐚𝐜𝐡𝐢𝐧𝐠: The companies mutually agreed not to hire each other’s employees, a practice under increasing scrutiny by competition authorities. Securitas received no fine as it benefits from full immunity (having brought the infringement to the authority’s attention). G4S and Seris received leniency reductions of 50% and 40% respectively for cooperating. Moreover, the companies acknowledged their infringement in exchange for a further 10% reduction of their fines. The BCA’s press release also highlights that 11 individuals received immunity, while proceedings continue for one individual. 🌐 More info? Read the press release of the BCA (EN NL FR) 👇 👋 Want to learn more about what you can and cannot agree with your competitors or about immunity? Feel free to reach out to your usual contact person at contrast. #competitionlaw #antitrust #cartelenforcement #compliance #bidrigging #contrastupdate

Now that lots of companies are required to report breaches, it's presumably soon going to be possible to plot industry regulations against breach frequency, including controlling for various unrelated factors. If we plotted that, what would we see?

New legislation is prompting businesses to improve #supplychain protocols. Learn more about how fair #labor practice can limit business risk: https://rsm.buzz/3yONq15