A pandemic occurs when there is a lethal disease spread worldwide. Centuries later, after the outbreak of H1N1 Swine Flu from 2009 to 2010, another plague mutated and halted the progress of the economy. The Corona Virus Disease 2019 also known as COVID-19 started way back in late December 2019. The virus began to contaminate people who live in Wuhan City, China where a bunch of novel human pneumonia cases was reported.
In a matter of time, the ailment spread like wildfire within the city. From then on, health authorities believed that this disease is not a laughing matter. This is a virus that is easily-transmitted to humans and can kill an individual – particularly those people who have the weakest immune system. Given that, it has a handful of genetic scrutinizes was made and a key feature of the virus was identified – which is a protein present on its surface. This protein is what easily infects human cells via droplets, close contact, and fomites.
As the new year begins, the outbreak of the COVID-19 pandemic also started worldwide. Little by little, more and more countries are affected. Resulting in 41,992,013 COVID-19 cases and 1,142,731 deaths globally – and the numbers are continuously increasing throughout time.
The continuous snowballing of death rates is what stimulates the implementation of the mass lockdown – specifically in infected countries. The established quarantine halted the cycle of the economy, which has caused multiple businesses to shut down – some temporarily, sad to say, numerous establishments are permanently closed because of either bankruptcy, poor management, insufficient capital, poor credit arrangements, over investing in fixed assets, or personal use of funds.
The Securities and Exchange Commission’s Office of Compliance and Examinations (OICE) raised a Raise Alert among investment advisors and broker-dealers brought by the COVID-19 risks.
The circumstances observed by the SEC are what most companies will face, considering businesses in the economy are now channeling the advantage of science and technology. Through the wide-reaching connection that the Internet brings and the upgrade that each device has, working from home is already attainable. However, these various trials are making the home-based work formidable – especially, those financial institutions that hold much confidential information of their investors.
That is why companies of sorts monitor text messages, record phone calls, and archive transactions made in a messaging application to halt any swindle activities. These records are the bullets to be utilized when filing a case on a scammer in case something happens.
Down below is an infographic brought to you by TeleMessage regarding the Risk Alert that the SEC detected and the recommendations they made to avoid such unjustifiable instances from occurring: