Risk Management: Page 16
-
Douglas Rissing via Getty Images
Forecasts for Fed rate cuts probably too optimistic, Summers says
“I don’t think we’re on a convincing trajectory to the 2% inflation target” set by the Federal Reserve, Former Treasury Secretary Larry Summers said.
By Jim Tyson • June 4, 2024 -
Michael M. Santiago via Getty Images
Live Nation confirms Ticketmaster data breach after proposed class action
The breach, which reportedly exposed the personal data of more than 500 million consumers to the “dark web,” was the direct result of poor cybersecurity measures, the lawsuit alleges.
By Alexei Alexis • June 4, 2024 -
Fahroni via Getty Images
Most M&A buyers would pay 3% extra for a company with a good ESG profile
ESG is playing a bigger role in dealmaking than ever before, Deloitte said.
By Jim Tyson • June 3, 2024 -
Getty Images via Getty Images
AI powers uptick in middle-market cyberattacks
“While AI is available to the good guys it’s also available to the bad guys” and it is cutting the time it takes to mount a cyberattack, RSM’s Tauseef Ghazi said.
By Maura Webber Sadovi • May 30, 2024 -
Jens_Lambert_Photography via Getty Images
NY Fed President Williams forecasts hitting 2% inflation goal in 2026
Price pressures will likely fall during the second half of 2024 as demand declines into better balance with supply, Williams said.
By Jim Tyson • May 30, 2024 -
sommart via Getty Images
Quility CFO looks to balance liquidity, growth in high-rate environment
Interest rates remain something CFO Jennifer Yaross is keeping an eye on when it comes to “other levers we want to pull,” she said.
By Grace Noto • May 30, 2024 -
Spencer Platt via Getty Images
‘Worst’ yet to come for commercial real estate: Conference Board
Many banks have pursued a policy of “extend and pretend” to avoid writing off troubled commercial real estate loans, according to a Conference Board economist.
By Jim Tyson • May 29, 2024 -
Torsten Asmus via Getty Images
‘Higher-for-longer’ rates saddle companies with $381B in added costs
"The new higher-interest-rate environment might trigger a decaffeinated repeat of the 2008 financial crisis,” according to a partner at Baringa.
By Jim Tyson • May 28, 2024 -
"U.S. Securities and Exchange Commission headquarters in Washington, D.C., near Union Station" by AgnosticPreachersKid is licensed under CC BY 3.0
SEC clarifies intent of cybersecurity breach disclosure rules after initial filings
The rules require notification of “material” breaches, but some early filers have reported incidents that appear to fall short of the regulatory threshold.
By Alexei Alexis • May 28, 2024 -
Dan Kitwood via Getty Images
Gensler slams crypto after House passes bill opening ‘regulatory gaps’
A growing number of companies in the U.S. and elsewhere have turned to digital assets as an alternative to conventional currencies, according to Deloitte.
By Jim Tyson • May 24, 2024 -
Drew Angerer via Getty Images
SEC fines NYSE’s parent $10M for failing to report cyberattack
The settlement sheds light on the costs of cyberattacks that can include penalties for non-compliance with timely disclosure requirements after the events occur.
By Maura Webber Sadovi • May 22, 2024 -
Justin Sullivan via Getty Images
Red Lobster’s ‘erratic’ payments to vendors among bankruptcy warning signs: Creditsafe
The company’s average “days beyond terms” jumped from 15 in December to 30 in January, reaching 57 as of March.
By Alexei Alexis • May 22, 2024 -
PeopleImages via Getty Images
More small companies willing to distort books to hide corruption: ACCA
The U.S. has made little progress combating corruption since 2021, according to Transparency International.
By Jim Tyson • May 21, 2024 -
Laurence Dutton via Getty Images
Shadow IT surge threatens corporate data: report
OpenAI’s ChatGPT tool remains the most frequently used AI application in the workplace, according to the research.
By Alexei Alexis • May 21, 2024 -
Gordan1 via Getty Images
Economists bump up 2024 core PCE inflation forecast to 2.7%: NABE
Fed officials reiterated Monday that before trimming borrowing costs they need more confidence that price pressures will steadily decline.
By Jim Tyson • May 20, 2024 -
SimonSkafar/E+ via Getty Images
GDP growth to sink below 1% amid ‘serious headwinds’: Conference Board
Several recent signals from the economy suggest that the expansion is slowing after defying recession predictions in 2023.
By Jim Tyson • May 17, 2024 -
Techa Tungateja via Getty Images
Scammers siphon $25M from engineering firm Arup via AI deepfake ‘CFO’
Cybercriminals utilized AI deepfakes to falsely pose as Arup’s CFO and other employees, leading a staff member to transfer $25 million to Hong Kong bank accounts.
By Grace Noto • May 17, 2024 -
Kate Tornone/CFO Dive
Employers should include workers in AI plans, DOL says
The agency outlined a list of eight “AI Principles for Developers and Employers” on Thursday, following up on a 2023 directive from the White House.
By Ryan Golden • May 16, 2024 -
Getty Images via Getty Images
Inflation cools, reassuring Fed after unexpectedly hot gains in Q1
The yield on the benchmark 10-year Treasury note fell on investor speculation that slower inflation will prompt the Fed to sooner cut borrowing costs.
By Jim Tyson • May 15, 2024 -
Tim Boyle via Getty Images
Companies are choosing leaner operations over price hikes: BCG
Passing on cost increases to inflation-weary consumers is challenging, but not raising prices carries its own risks.
By Suman Bhattacharyya • May 15, 2024 -
Win McNamee via Getty Images
Powell sees longer inflation fight, ‘very small’ odds of Fed rate hike
“We have the highest interest rates in some time,” Powell said Tuesday. “The question is, ‘is it sufficiently restrictive?’”
By Jim Tyson • May 14, 2024 -
hapabapa via Getty Images
Brex CFO mulls long-term IPO scenario but keeps eye on costs, ROI
The prevailing attitude among companies seeking to go public is to achieve profitability beforehand, Ben Gammell said.
By Grace Noto • May 14, 2024 -
Eoneren via Getty Images
Cybersecurity ops budgets expected to climb: KPMG
The average annual budget for SOCs — a one-stop shop for managing cyber threats — is $14.6 million, according to a KPMG survey of large firms.
By Maura Webber Sadovi • May 14, 2024 -
CFO Editorial Staff
PCAOB adopts updated ‘foundational’ rules requiring faster audit filing
The U.S. audit watchdog updated standards created two decades ago and aligned regulation with changes in technology.
By Jim Tyson • May 13, 2024 -
Andrey Semenov via Getty Images
Inflation to slow, settling close to Fed target in 2025: Wolters Kluwer
The forecast that price pressures will fall aligns with a 13% decline this month in sentiment among consumers, who fuel roughly 70% of economic growth.
By Jim Tyson • May 10, 2024
Previous
