The internet has opened up expansive possibilities for financial services professionals. At the same time, the decades-old world wide web still feels a bit like the wild wild west. The rules of engagement are not exactly clear, and hit-or-miss consequences for reckless and rude behaviors only add to the unpredictability of online engagement.Complicating matters is the fact that the internet brings out strange behaviors in otherwise reasonable people. Although lapses in judgment may be temporary, they can have lasting consequences, particularly for professionals in regulated industries like financial services.Luckily for credit union professionals, there are rules in place to help guide appropriate use of the internet. Unfortunately for credit unions, team members still have ample opportunities to make costly mistakes. Here are some of the more common ones our compliance team works with credit unions to guard against:Not following policy: Every credit union should have a social media policy that guides the online behavior of its team members. Beyond simply having the policy in place, credit unions should be updating the document annually at a minimum and providing training on the policy each time it’s updated. New employees should be provided a copy and allowed to ask questions, particularly when it comes to social media use on their personal time. If an employee’s personal social media presence makes it clear they are on staff at a credit union, you may require them to follow the social media policy at all times. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »
Antwerp 1920: Flu Held in the aftermath of the Spanish Flu, considered to be the most deadly in history and claiming up to 50 million lives, the Antwerp Games were seen as a symbol of humanity’s effort to rebuild after the devastation of World War I.Although the Spanish Flu killed five times more people than died in 1914-18 war, the impact of the virus was overshadowed by the global conflict.A century on, Tokyo 2020 organizers have been at pains to stress that if the Games go ahead they will again stand as a beacon of triumph against adversity.Topics : Rio 2016: Zika Ahead of the 2016 Rio Olympics, the talk was dominated by Zika, a mosquito-borne virus that can cause pregnant women to give birth to babies with microcephaly — a deformation that results in abnormally small brains and heads.The Zika outbreak began in 2015 and infected around 1.5 million people, according to the World Health Organization (WHO), mainly in Brazil.There was concern that international visitors to the Games could spread the virus globally, even though the WHO assessed the risk as “minimal.”Some leading tennis players and golfers — including golf’s current world number one Rory McIlroy — decided not to compete due to fears over the virus.The stories proved more dramatic than the facts, with no new cases reported during the Games. Nagano 1998: Flu There was an outbreak of influenza the last time Japan hosted the Games — the Winter Olympics in the central city of Nagano in 1998.Nearly 1,500 schoolchildren in the Nagano region came down with the flu and some 200 people connected with the Games were taken ill — although officials stressed other illnesses were also to blame. Tokyo 2020 organizers will this autumn begin the task of devising safety protocols to allow the Games to take place if the coronavirus pandemic is still raging.But Tokyo 2020, which had been due to start on Friday until it was postponed for a year, will not be the first Olympic Games to face a health crisis, although the scale of the challenge posed by COVID-19 is unprecedented.AFP looks at previous Olympics that went ahead in the face of viral outbreaks. Mexico 1968: Flu The 1968 Olympics in Mexico took place during one of the worst pandemics of the 20th century — the Hong Kong Flu.It spread throughout Asia after emerging in the then British colony neighboring southern China, and had reached the Americas by late 1968, eventually killing around one million people but had little impact on the Games. The virus prevented Norwegian 1,500 meter gold medal-winning speed skater Adne Sondral from going for a double in the 1,000 meters.German figure skating medal hopeful Tanja Szewczenko pulled out over health fears and the International Olympic Committee (IOC) also got involved, warning competitors against the flu and advising them to take on plenty of fluids.That outbreak of flu was unrelated to the killer bird flu hitting southern China at the time.
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