Risk Management: Page 14
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CrowdStrike software update at the root of a massive global IT outage
A defective software update led to major disruptions in aviation, banking and other industries as Microsoft 365 services were impacted worldwide.
By David Jones • July 19, 2024 -
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‘Say-on-pay’ proxy support rises despite concerns about PSUs: EY
The number of investor activist campaigns this proxy season rose to 691, a 2.4% increase compared with 2023, according to EY.
By Jim Tyson • July 17, 2024 -
Joey Sirmons/CFO Dive
Sustainability experts: ‘Start preparing now’ for SEC climate rule, other disclosure regulations
Despite the SEC rule’s temporary stay, sustainability experts said companies should not wait for the court’s ruling to begin preparing for compliance.
By Zoya Mirza , Lamar Johnson • July 17, 2024 -
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CFOs plan to raise salaries 3.9% in 2025: WTW
U.S. companies are trimming salary increases as the labor market loosens, recovering from a pandemic period of high resignations, job hopping and wage gains.
By Jim Tyson • July 16, 2024 -
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Latest AT&T data breach risks customer defections: Moody’s
The incident comes as AT&T is already facing a number of class action suits stemming from a separate breach that was disclosed in March.
By Alexei Alexis • July 16, 2024 -
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Powell says data lift Fed confidence inflation cooling toward 2% goal
Federal Reserve Chair Jerome Powell welcomed recent inflation data, including a report that the core consumer price index rose last month at the slowest pace since early 2021.
By Jim Tyson • July 15, 2024 -
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5 takeaways on costs, challenges of climate disclosure compliance
Complacency regarding the SEC’s now-stayed rules could leave companies “scrambling to try to get ready” once they are put in place, PwC’s Marc Siegel said.
By Maura Webber Sadovi • July 15, 2024 -
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Fed will cut main rate before inflation falls to its 2% goal: Powell
A decline in the Federal Reserve’s preferred inflation measure to 2.6% has prompted policymakers to focus more on the cooling job market, Fed Chair Jerome Powell said.
By Jim Tyson • July 10, 2024 -
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Powell spotlights risks to jobs, wants more gains against inflation
The job market in recent months has shown signs of returning to its pre-pandemic trend, with demand for labor easing and unemployment rising to 4.1% in June.
By Jim Tyson • July 9, 2024 -
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Boeing would become a felon under DOJ plea deal
The aerospace and defense giant would plead guilty to one criminal count, pay a $244 million fine and operate under an oversight monitor for three years.
By Justin Bachman • July 9, 2024 -
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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 Alexei Alexis • July 8, 2024 -
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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 Suman Bhattacharyya • July 8, 2024 -
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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 Maura Webber Sadovi • 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 Alexei Alexis • 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 Jim Tyson • July 3, 2024 -
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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 Jim Tyson • 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 Alexei Alexis • July 2, 2024 -
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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 Alexei Alexis • 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 Maura Webber Sadovi • 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 Jim Tyson • July 1, 2024 -
Anna Moneymaker / Staff via Getty Images
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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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 Jim Tyson • June 28, 2024 -
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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 Alexei Alexis • 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 Jim Tyson • 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 Maura Webber Sadovi • June 25, 2024
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