Forward, Summer 2016 Issue

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Summer 2016 Q Forward Magazine
Mr. Capuano started his career in Public Accounting as an Audit
Manager for 6 years, where he earned his CPA license working
with several transportation companies. In 1999, he joined SBA.
On the Defensive:
Recent Cyber Security Trends
Cyber security threats loom heavily over the technology of the time.
IBM and the Ponemon Institute released a benchmark study in May
of 2015 that saw average costs of $3.79 million for the 350 companies
in 11 countries that participated in the study.
So, what are the big targets for cyber thieves? The answers might
surprise you.
Ransomware
Ransomware attacks are perpetrated by criminals through hacking
into your company’s system. They then encrypt the data, rendering
it unusable. In order to reverse what they have done, they demand a
ransom. Some experts think that the rise of paying through mobile
phones will entice hackers to do this on an individual level.
The Internet of Things
Everything is connected. Your home appliances are connected to your
mobile device, your tablet to your home’s router, and your computer
to your television. For companies, machines communicate wirelessly
with computers, and trucks transporting goods remotely relay GPS
coordinates and other data to head office. All of these are weaknesses
in the eyes of the cyber criminal.
Phishing
These scams have become more sophisticated as time passes. Although
people are targeted everyday, thieves have set their sights higher. In the
corporate world, they approach executives. They may hack their email
accounts to ransom personal information or destroy data. Thankfully,
protecting yourself and your company from these sorts of phishing
scams are easy and often lie in better anti-virus software, regular com-
puter scans, and educating employees on common cyber threats.
Cloud Services
Cloud services render on-site servers virtually unnecessary. Why have
an IT team care for data and the hardware it is stored on when you can
hire someone else to do it? When you hire another company to oversee
any aspect of your business, you take on their weaknesses, too. Your data
could be at risk with a cloud-based server. It’s the price to pay for con-
venience. Whatever you do, always research the company well before
deciding whether or not your business’s data is safe in their hands.
It’s for this reason that insurance is the best defense against cyber threats.
Check with your insurance broker for coverage that provides protec-
tion against e-theft, copyright or trademark infringement, e-vandalism,
destruction of data, privacy notification expenses, crisis management and
other possible cyber threats. For more information contact an Avalon
Risk Management representative at .
Estes Forwarding Worldwide
is Awarded Walmart’s
2015 E-Commerce Home
Delivery Carrier of the Year
RICHMOND, VA – Walmart has awarded Estes Forward-
ing Worldwide, LLC (EFW), the 2015 E-Commerce Home
Delivery Carrier of the Year. “It is with great appreciation that we
accept this award, which we consider to be a significant milestone
achievement,” said EFW President and CEO Scott Fisher. “The
award is a testament to our distinctive control-tower model that
provides exceptional customer service, cutting-edge technology
and innovative shipping solutions.”
EFW has developed a customizable and scalable business model that
positions the company as a driving force within the ever-expanding
e-commerce marketplace. The company recognized an opportunity in
the e-commerce heavyweight space to improve speed to market and
provide a consistent consumer experience. The consumer experience is
further enhanced by EFW’s company-owned stations located through-
out the country. EFW has developed a customer-centric solution that
offers a broad range of services all the way from the shipper’s door
through the final mile with seamless, proactive communication with
its customers using strong technological solutions.
“EFW takes great pride in being an extension of our e-commerce cus-
tomers’ brands, and our goal is to make sure that our service contrib-
utes to the fact that end consumers will come back for future online
purchases,” said Fisher.
About Our Company
Estes Forwarding Worldwide, LLC (EFW), is a non-asset based
freight forwarder and a wholly owned subsidiary of Estes. Driven
by customer service excellence, EFW has brought together industry
experts to provide customers with innovative solutions to the demand-
ing logistics challenges of today’s changing economy. EFW’s hybrid
network approach in conjunction with their parent company, Estes
Express Lines, creates a full range of highly reliable ground, ocean, and
air transportation services for its customers.