Divorce: The Effect on Finances & Family, Pt. 2
The Confident Wealth Podcast
During this episode of The Confident Wealth Practice Podcast with Bill Bush and Pete Bush, they interview Sean McAllister, Associate at Loeb Law Firm. Sean McAllister discusses how married couples can protect themselves from potential divorce issues, prenuptial agreements and post-prenuptial agreements, budgeting, and domestic cohabitation contracts.
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Divorce: The Effect on Finances & Family, Pt. 1
The Confident Wealth Podcast
During this episode of The Confident Wealth Practice Podcast with Bill Bush and Pete Bush, they interview Sean McAllister, Associate at Loeb Law Firm. Sean McAllister talks about Louisiana Revised Statute 9:315, understanding divorce and finance, and what to expect when children, pensions, property, and tax returns are involved.
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Confidence in the Face of Fear
The Confident Wealth Podcast
In this episode of The Confident Wealth Podcast, Pete and Bill Bush of Horizon Financial Group discuss the market downturn due to the outbreak of the coronavirus, and the declared global pandemic. Pete and Bill talk about strategies can you use to stay positive in times where your account value is declining. How can you build, gain, or maintain confidence during trying times?
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Defending Cybersecurity Threats in Your Financial Life
The Confident Wealth Podcast
This episode of The Confident Wealth Practice Podcast with Bill Bush and Pete Bush address the problems and issues associated with cybersecurity and how to protect yourself. Learn more about the financial scams that are targeting your credit cards and digital banking accounts. The cybersecurity defenses discussed in this episode can help you build up a stronger wall of protection from becoming a victim.
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Lessons from a National Title
The Confident Wealth Podcast
This episode of The Confident Wealth Practice Podcast with Bill Bush and Pete Bush take a look at the recent college football championship victory of the Louisiana State University Tigers and how the valuable lessons from that win can be applied to achieving your own financial success.
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The Value of a Financial Advisor: Leaving a Legacy, Life Transitions, and Caring for Others
The Confident Wealth Podcast
During this final installment of the series, Bill and Pete talk about the problems associated with not having a will, the value of having an advisor to walk clients through the process of estate planning, organizing and maximizing value, getting help with gift money to causes, how to handle life transitions, and how to prepare for taking care of your parents or other family members in the future.
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The Value of a Financial Advisor: Preparing for Retirement
The Confident Wealth Podcast
his episode of The Confident Wealth Podcast with Bill Bush and Pete Bush is the 8th installment in their series, The Value of Working with an Advisor. During this installment, Bill and Pete address the subject of preparing for retirement in a manner that you can feel confident about. What type of retirement goals do you have for you and your spouse? How will your financial needs change during different phases of retirement?
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The Value of a Financial Advisor: Organizing, Monitoring & Guiding
The Confident Wealth Podcast
This episode of The Confident Wealth Podcast with Bill Bush and Pete Bush is the 7th installment in their series, The Value of Working with an Advisor. Listen and learn all about how financial advisors can assist you with preparing, analyzing, and guiding your ever-changing financial situation. Bill and Pete point you in the right direction for budgeting, reviewing recurring fees, and overcoming disorganization.
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The Value of Financial Advisor: Budgeting & Cash Flow
The Confident Wealth Podcast
This episode of The Confident Wealth Podcast with Bill Bush and Pete Bush is the 6th installment in their series, The Value of Working with an Advisor. Gain some useful insight on budgeting and cash flow. Find out how financial advisors can help clients get a handle on their budgets, find out where their problematic areas are, and how to go about building healthier spending and savings habits.
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The Value of a Financial Advisor: Managing Inherent Risks
The Confident Wealth Podcast
This episode of The Confident Wealth Podcast with Bill Bush and Pete Bush continues on as the 5th installment in their series, The Value of Working with an Advisor. Learn more about the inherent risks we have, and how we can manage them from a financial advisement standpoint.
info_outlineIn the 12th episode of the Confident Wealth Podcast, Bill Bush and Pete Bush talk with David Patrón, a partner and Practice Coordinator at Phelps Dunbar, for the law firm’s New Orleans Litigation Group. During this talk, David discusses the importance of data security, preparations to prevent data breaches, and the ways in which cyber-attacks can take place.
Time Stamped Show Notes:
- 01:47 – David discusses cyber-attack vulnerabilities from malware, hacking, phishing attacks, internal sabotage, and careless employees.
- 03:42 – The technology officer of a company needs to stay aware of security issues.
- 05:39 – Train employees how to stay aware of securities problems and preventative measures they should be taking.
- 06:59 – Engage companies that offer hacking simulations to penetrate your system to detect weaknesses that need to be remedied.
- 08:13 – Invest in cyber security insurance, which is relatively inexpensive right now.
- 09:50 – Assemble experienced executive, forensic, and legal response teams, and formulate a plan of action which includes public relations efforts, in advance before an attack even happens.
- 13:01 – Once you detect an attack, you need to contain it, and deal with any litigation that may occur.
- 15:31 – State statutes regarding data breach vary by jurisdiction, and it is a sliding scale.
- 18:05 – The typical lawsuits that pertain to data breach include: lawsuits brought by regulatory agencies, class action suits brought against security fraud, and lawsuits brought on by individual affected customers.
- 19:41 – Data security should be a top priority for a company. The attackers are becoming more sophisticated.
- 22:33 – The role of the attorney is often pre-incident front-end consulting and risk-assessment, and incident response.
3 Key Points:
- Cyber Security Checklist:
- Install basic security equipment and anti-virus software for email servers and final user devices.
- Firewall technology.
- Web filter and spam filter software.
- Data loss prevention software.
- Utilize reliable companies that offer hacking simulations to penetrate your system to detect weaknesses that should be fixed.
- Cyber security insurance is an importance and affordable investment to make right now.
Tweetable Quotes:
- “Know your enemy.” – David Patron.
- “You have to invest in cyber security technology. If you don’t, as a company, you are just being negligent. And you are setting yourself up for litigation if something does happen” – David Patron.
- “You want to have robust human resource programs to educate your employees about the importance of staying vigilant and being aware.” – David Patron.
Resources Mentioned:
- Horizon Financial Group – website for Horizon Financial Group
- Confident Advisor Practice – podcast for Confident Advisor Practice
- Phelps Dunbar – Website for Phelps Dunbar/David Patron’s profile
- LinkedIn – David Patron’s LinkedIn page