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Hiring new employees is a critical function of doing business, and the onboarding process transcends industry, company size, and physical location. Organizations often need new talent to capture opportunity, optimize productivity, expand into new sectors, build products, and strengthen existing services. However, personnel transitions are equal opportunities for threat actors, and in some cases criminals, to exploit the hiring and onboarding process for the purposes of gaining unauthorized access to a valuable target. With new employees come new risks; from aspiring insider threats that intend to join a target to extract sensitive information, to insecure processes being exploited due to too much trust being placed in candidates and new hires.
For today's organizations, the reality is that the interview process has become a well-oiled machine. Companies set up profiles and job advertisements on job-search sites to elicit jobseekers to apply. Hiring managers field an influx of resumes and CVs and must decide who they will hire.
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The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
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