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Secretary of State Condos appointed to national task force to protect businesses from identity theft

first_imgSecretary of State Jim Condos has accepted an appointment to a national task force on Business Identity Theft. The National Association of Secretaries of State (NASS) has announced the formation of a NASS Business Identity Theft Task Force to help states combat the growing threat of business identity theft. The task force is a major association initiative that will target business identity theft prevention strategies and develop practical, cost-effective tools and guidance for states. “With the downturn in the economy, the newest victims of identity theft are small and medium-sized businesses, including dormant or inactive companies,” said NASS President Mark Ritchie of Minnesota, who serves on the task force. “As the state officials who oversee business registrations and corporate filings, secretaries of state have come together to find proactive ways to educate business owners on how they can reduce their chances of falling prey to identity thieves and to explore safeguards for state filing systems.”.Secretary Condos is looking forward to his role on this Task Force. ‘I am honored to be joining my colleagues from nine other states to research and address a broad range of Business Identity Theft issues. By participating on this task force, I will be at the forefront, helping establish best practices that can be implemented in Vermont, and introducing cost-effective, cutting edge strategies to Vermont’s businesses to help prevent this from happening to them.’”The NASS Business Identity Theft Task Force capitalizes on the expertise of our members when it comes to state business services and records management,” said NASS Executive Director Leslie Reynolds. “Task force members are confident that working together on identity theft prevention is an extremely wise investment strategy for states and businesses alike, saving valuable time, money and resources for all.”The ten-member NASS Business Identity Theft Task Force will work with a wide array of industry stakeholders, including state legislators, law enforcement, business support groups, financial institutions and others as it develops its final report. The task force’s final report is scheduled to be released later this year.Secretary of State Jim Condos has over 20 years of elected public service including 18 years on South Burlington City Council, 8 years as a Vermont State Senator, along with over 30 years of private sector business experience. Founded in 1904, the National Association of Secretaries of State (NASS) is the oldest, nonpartisan professional organization of public officials in the United States. Members include the 50 states, the District of Columbia, American Samoa, Puerto Rico and the U.S. Virgin Islands.last_img read more

Fed raises key interest rate for first time in almost a decade

first_imgThe Federal Reserve said Wednesday that it would raise short-term interest rates for the first time since the financial crisis struck, a vote of confidence in the strength of the American economy at a time when much of the rest of the global economy is struggling.The widely anticipated decision, a milestone in the Fed’s post-crisis stimulus campaign, ends a seven-year period in which the Fed held short-term rates near zero. Even as it raises its benchmark interest rate by 0.25 percentage points, however, the Fed emphasized subsequent increases will come slowly.Interest rates on mortgages and other kinds of loans, and on savings accounts and other kinds of investments, are likely to remain low by historical standards for years to come.The Fed’s announcement cited the strength of job growth, and the broader backdrop of a moderate-but-steady economic expansion, as evidence that the economy no longer needs quite as much help from ultralow borrowing costs. continue reading » 18SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more