Federal Court in Texas Issues Nationwide Injunction Stopping Implementation of New Overtime Rule

On May 23, 2016, the United States Department of Labor published the final version of a rule that would significantly alter the “white collar” or “EAP” (executive/administrative/professional) exemption to the Fair Labor Standards Act’s overtime requirements.  Scheduled to become effective on December 1, 2016, the rule would have, among other things, required an employee to be paid $47,892 (or $921 per week), up from the current $23,660 (or $455 per week), to [...]

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Cybersecurity-The Board’s Role

As data breaches become more common, companies and organizations are adopting the mindset that it is no longer “if,” but “when” a security breach will occur. These incidents are both expensive and detrimental to a company or organization. A 2015 IBM study put the average consolidated total cost of a data breach at $3.8 million, a 23 percent increase over the previous two years. As your board secures and guides the future of your company or organization, board leaders [...]

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The results of a global study analyzing the financial impact of data breaches to a company’s bottom line have been released. Sponsored by IBM and conducted by the Ponemon Institute, the 2016 Cost of Data Breach Study: Global Analysis found that the average cost of a data breach for companies surveyed has grown to $4 million, representing a 29 percent increase since 2013. Cybersecurity incidents continue to grow in both volume and sophistication, with 64 percent more security incidents [...]

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