Resilience sounds alarm on 300% ransomware resurgence

Ransomware claims by the cyber insurer’s customers grew 300% from the third quarter of 2022 to the first quarter of this year.

By Alexei Alexis • May 23, 2023

Apple restricts ChatGPT, GitHub Copilot use over data worries: report

The company limited use of the AI tools for some employees amid concerns over confidential data, the Wall Street Journal reported Friday.

By Roberto Torres • May 19, 2023

Explore the Trendline➔

Digital transformation, one smart step at a time

As pricing pressures tighten margins and technologies like artificial intelligence evolve, finance chiefs are more closely scrutinizing the cost and returns of the tech tools they implement.

By CFO Dive staff

Dole incurs $10.5M in direct costs from February ransomware attack

The attack impacted about half of Dole's legacy company’s servers and one-quarter of its end-user computers.

By David Jones • May 18, 2023

Ex-Amazon finance leader headed for DocuSign

The new finance chief will help DocuSign to unlock both growth and operational efficiency, the company’s CEO said.

By Alexei Alexis • May 17, 2023

Data key to grasping generative AI fundamentals

As more companies try out generative AI, understanding the role and importance of the data underpinning these models is crucial for CFOs.

By Grace Noto • May 17, 2023

US cyber insurance premiums exceeded $7.2B last year

Despite sharp price increases over recent years, cyber insurance is in high demand as a risk mitigation strategy, according to Fitch Ratings.

By Alexei Alexis • May 16, 2023

Costs again rank as CFOs’ top automation hurdle

In a survey commissioned by software provider OneStream, budget constraints surpassed employee skill gaps and return on investment issues as obstacles to new technology investments.

By Alexei Alexis • May 16, 2023

AI needs cohesive regulation to reduce public risk, experts say

The risk associated with AI's speedy evolution calls for uniform legislation, a panel of executives and government officials said last week.

By Roberto Torres • May 15, 2023

PwC turns to AI for audit transformation

As generative AI continues to develop swiftly, PwC is betting big on its potential for transformation.  

By Grace Noto • May 15, 2023

Big 4 accounting firms squeeze traditional MSP market

The blurring of lines between software and business processes is a boon for big-four firms looking to managed service providers to expand client offerings.

By Suman Bhattacharyya • May 15, 2023

Costs of software supply chain attacks could exceed $46B this year

Losses attributed to software supply chain attacks will jump 76%, reaching almost $81 billion by 2026, according to Juniper Research.

By Matt Kapko • May 12, 2023

Disney to cut back streaming content as subscriber count slumps, CFO says

Disney’s restructured content strategy comes as the company faces legal battles, a changing entertainment environment and the impact of AI.

By Grace Noto • May 11, 2023

GlobalFoundries taps former Amazon exec for CFO seat

The new finance chief of chipmaker GlobalFoundries previously served as CFO of Amazon’s cloud computing business. 

By Alexei Alexis • May 11, 2023

Ransomware claims jump back up

Ransomware claims filed by U.S. clients of insurance broker Marsh spiked 77% in the first quarter, following a downward trend in 2022.

By Alexei Alexis • May 9, 2023

Companies to reimagine workflow: survey

Only about one in three companies polled in a WTW survey gave themselves good marks for effectively managing changes in work dynamics such as digitalization.

By Elizabeth Flood • May 9, 2023

FP&A tech provider Firmbase closes $12M seed round

The infusion of cash is expected to boost R&D investments for the company’s financial planning and analysis tool, including in the area of generative AI.

By Alexei Alexis • May 9, 2023

Vendavo CFO: how to solve price puzzles

Vendavo’s Dayton Kellenberger said technology has accelerated how quickly price-volume-mix analyses can be completed, enabling CFOs to make adjustments in real-time.

By Maura Webber Sadovi • May 8, 2023

Apple CFO touts record service revenue as sales decline

Among Apple’s services offerings, growth areas include Apple Card, Apple Pay and cloud services.

By Suman Bhattacharyya • May 5, 2023

White House tackles AI’s rise, convening top tech CEOs

Vice President Kamala Harris met with top AI executives Thursday, the latest sign of increased regulatory interest over AI products and services. 

By Roberto Torres • May 4, 2023

Oracle: Peering inside AI’s black box

Finance professionals continue to apply a “trust but verify, or maybe don’t trust and verify” mentality when it comes to AI adoption, Oracle’s Hari Sankar said.

By Grace Noto • May 4, 2023

KPMG’s Stöckle on auditing’s ‘human-machine’ connection

Despite recent technological advances transforming auditing processes, KPMG’s Sebastian Stöckle says people will always play key roles.

By Maura Webber Sadovi • May 4, 2023

Vertice reports spike in AI software spending

AI’s share of overall software spending across the Vertice network grew to 1% by the end of March, up from 0.2% at the start of the year, a five-fold increase.

By Alexei Alexis • May 2, 2023

Bid for business-friendly ChatGPT seen facing challenges

Cybersecurity experts say it may be a long while before ChatGPT can be trusted to handle sensitive business data, despite recent steps by the popular AI tool’s creator.

By Alexei Alexis • May 2, 2023

AI boosts productivity 14%: NBER case study

Generative AI improved customer service at a Fortune 500 company by prompting less experienced staff to adopt the best practices of their most talented co-workers.

By Jim Tyson • May 1, 2023

Amazon to put ‘more dollars’ toward generative AI, CFO says

Amazon is following in the footsteps of other large-scale tech firms like Apple and Meta by funneling more funds toward generative AI.

By Grace Noto • April 28, 2023