Risk Management: Page 8


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    Crypto theft doubles to $1.38B

    The May theft of over $300 million worth of bitcoin from Japanese cryptocurrency exchange DMM Bitcoin is the largest digital currency heist so far this year.

    By July 8, 2024
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    dem10 via Getty Images
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    4 tips for combating CFO deepfakes

    CFOs should be cautious about posting personal material on social accounts, as such information can be used to build deepfakes.

    By July 8, 2024
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    Trendline

    Compensation: solving the cost-talent puzzle

    In today’s strong labor market, CFOs leery of raising wages find creative ways to find and retain key employees.

    By CFO Dive staff
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    Atstock Productions via Getty Images
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    How CFOs can survive a takeover

    CFOs need to make sure they have a road map for handing the company over to the buyer, West Monroe’s Connor Augustyn said.

    By July 8, 2024
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    Almost 60% of corporate cybersecurity budgets are higher this year: report

    Artificial intelligence is a key focal area as organizations scramble to keep up with threat actors, the study shows.

    By July 3, 2024
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    Inflation persists as top concern among small businesses: U.S. Chamber

    Businesses in services and manufacturing find price pressures more troublesome than their counterparts in other sectors, the U.S. Chamber said.

    By July 3, 2024
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    Scott Olson via Getty Images
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    Powell sees gains against inflation, wants more progress before rate cuts

    After Powell’s comments, traders in interest rate futures increased the odds the Fed will cut the main interest rate by a quarter point in September.

    By July 2, 2024
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    Chevron ruling adds new wrinkle to US cybersecurity efforts

    The Supreme Court decision could have major ramifications for federal agencies that rely on old laws to tackle digital-era policy challenges, legal analysts said.

    By July 2, 2024
  • Computer keyboard with key marked "insurance."
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    sodafish via Getty Images
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    Cyber insurance prices fall amid rising competition: report

    The pricing relief comes even as cyberattacks are escalating and businesses are paying more to recover from them.

    By July 2, 2024
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    SCOTUS gives CFOs ‘brand new lens’ for tax positions

    Businesses should review their tax positions to see if they are dependent on a regulation that might be vulnerable to a challenge, attorney Robert Kovacev said.

    By July 1, 2024
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    IPO market quickens as stocks hit record highs during H1 2024, EY says

    In coming months the IPO market in the U.S. and beyond faces possible turbulence from intensifying regional conflicts and “an election super-cycle,” EY said.

    By July 1, 2024
  • Loper decision ending Chevron deference doctrine
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    Supreme Court deals big blow to federal agencies

    In a landmark ruling, the justices overturned a 40-year-old precedent and significantly reduced the power of federal agencies to interpret the laws they administer.

    By David Weisenfeld • June 30, 2024
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    Siri Stafford via Getty Images
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    Commercial property vacancy rate to peak in 2026 at 24%: Moody’s

    “The preference of many employees to work from home cannot be overlooked,” Moody’s economists said.

    By June 28, 2024
  • Computer keyboard with key marked "insurance."
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    sodafish via Getty Images
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    Cyberattack costs outpace insurance coverage: Sophos

    Only 1% of organizations that made a cyber insurance claim within the previous year saw their policy cover 100% of the costs they incurred while remediating the incident.

    By June 27, 2024
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    Trump’s 10% tariff would annually harm households by at least $1,700: AAF

    Damage from a sweeping tariff would spread beyond the U.S., “threatening key relationships with allies and inviting a global trade war,” AAF said.

    By June 26, 2024
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    Judge freezes ex-Detroit Riverfront CFO’s assets including boat, real estate

    The former finance chief of the Detroit Riverfront Conservancy faces criminal charges of bank and wire fraud in connection with a  $40 million embezzlement scheme.

    By June 25, 2024
  • A person holding a shopping cart stands in front of a row of refrigerators stocked with food at a grocery store.
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    Michael M. Santiago via Getty Images
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    Consumer confidence falls amid sagging income, business expectations

    “Signs of strain continue to emerge among consumers with low-to-moderate incomes,” Federal Reserve Governor Lisa Cook said Tuesday.

    By June 25, 2024
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    SEC’s $2.1M fine on RR Donnelly over hack response slammed as overreach

    The agency’s assertion that a cybersecurity failure can be punished as an “internal accounting controls” violation is raising eyebrows.

    By June 25, 2024
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    Supreme Court ruling douses repatriation tax refund hopes

    The court affirmed the constitutionality of the one-time Mandatory Repatriation Tax on income from investments in foreign corporations.

    By June 24, 2024
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    qingwa via Getty Images
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    Restatements decline, with small companies more prone to error: CAQ

    The Sarbanes-Oxley Act of 2002 prompted a long-term reduction in restatements by tightening financial reporting and audit rules, CAQ said.

    By June 24, 2024
  • Corporate executives talking about data
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    Closing the risk talent gap: Getting the C-suite on the same page

    Finance, technology and risk executive leaders must be aligned to properly manage complex market, credit and operational risks, Selby Jennings’ Ben Hodzic said. 

    By June 24, 2024
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    dem10 via Getty Images
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    Opinion

    Mind the trust gap: Why C-suite humility matters in the AI era

    If executives engage in the big issues of today without acknowledging there can be a diverse set of explanations, they risk losing stakeholder trust, PwC’s Wes Bricker writes.

    By Wes Bricker • June 21, 2024
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    Justin Sullivan via Getty Images
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    Homebuilding sags to four-year low, stifled by higher-for-longer rates

    Mortgage activity last month slumped 8.5% compared with April and 7.3% compared with May 2023, Freddie Mac said Thursday.

    By June 20, 2024
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    Slim gain in retail sales highlights challenges for consumers

    “Inflation and higher interest rates are straining low- and moderate-income households,” St. Louis Fed President Alberto Musalem said Tuesday.

    By June 18, 2024
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    dem10 via Getty Images
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    Startup focused on AI-driven cyber threats raises $18M

    The announcement comes as artificial intelligence adoption explodes and enterprises grapple with related risks.

    By June 18, 2024
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    IRS aims to end ‘shell game’ by partnerships, targets $50B extra in taxes

    Tax dodging by complex partnerships “has been overlooked for more than a decade,” IRS Commissioner Daniel Werfel said Monday.

    By June 17, 2024