Protecting your organization from internal and external theft is an important risk management tactic to reduce loss and claims.

Theft may rise as inflation and prices rise, and fraternal organizations become a target for thieves hoping to grab cash, food, alcohol and other valuables.

Even in times of economic stability, theft remains a significant risk for fraternal organizations. Follow these tips for protecting your organization from internal and external theft.

Protecting Your Organization from Internal Theft

While you hope the most upstanding citizens are part of your organization, it is always best to err on the side of caution by reducing temptation and implementing policies and procedures.

• Select the right employees and volunteers. Conduct reference and background checks on applicants before hiring. Be consistent and make sure that if you screen one candidate […]
  

Just as your fraternal organization faces cyber liability risks, so do your members.

In fact, the Senate passed the Fraud and Scam Reduction Act in 2021 to create an advisory group to educate consumers about scams, improve industry fraud-prevention training, develop better ways to stop scams before they happen and expand fraud prevention research.

And certain citizens may be impacted more than others. According to The Special Committee on Aging, the total impact of scams and other financial abuses that affect older adults is largely underreported but studies estimate the costs to be in the billions.

To protect your senior members, it’s important to understand your cyber liability risks and know how to protect against them.

Common cyber risks your members may face

While […]

As a fraternal organization operating in today’s digitally connected world, your Lodge faces several cyber liability risks. Typically, most fraternal organizations do not consider themselves at risk for a cyber attack and have failed to take measures to secure their systems and data, making them an even bigger target.

To protect your organization, it’s important to understand your cyber liability risks and know how to protect against them.

Common cyber risks Lodges face

You may think a cyber criminal would be uninterested in your organization, however, many Lodges store valuable information, including:

• Organizational data
• Social media accounts
• Personal data of members and employees, including Social Security numbers
• Credit card information and more

Consider these cyber attacks your organization could face:

1. Wire fraud—A scheme to defraud or obtain money based on false representation or […]