Risk Management: Page 2


  • Palo Alto Networks
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    Matt Kapko/CFO Dive
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    Palo Alto agrees to buy Talon Cyber Security in M&A ramp-up

    The agreement is Palo Alto Networks’ second acquisition of an Israeli tech startup since the start of the Israel-Hamas war last month.

    By Nov. 7, 2023
  • Donald J. Trump
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    Michael M. Santiago via Getty Images
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    Combative Trump is lukewarm on ex-CFO’s financial reports

    Testifying in the $250 million civil fraud case against him, ex-President Trump pinned the main responsibility for his financial reports on his senior executives and outside accountants.

    By Nov. 6, 2023
  • Header image for "ChatGPT's Impact on CFOs: What is AI’s Limit in Replacing Humans?" Explore the Trendline
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    Getty Images via Getty Images
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    Trendline

    Top 5 stories from CFO Dive

    Bank turmoil and tightening credit markets have forced CFOs to take a harder look at costs this year. Now finance chiefs also face the challenge of weaving generative AI into their operations.

    By CFO Dive staff
  • Dollar bills and finance and banking on digital stock market financial exchange
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    SARINYAPINNGAM via Getty Images
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    Banks tighten standards on loans to companies of all sizes: Fed

    Demand for commercial and industrial loans fell during the third quarter as the Fed pushed up the benchmark interest rate to a 22-year high.

    By Nov. 6, 2023
  • Sam Bankman-Fried
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    Michael M. Santiago via Getty Images
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    Former FTX CEO found guilty of fraud

    Nearly a year after the collapse of his $40 billion cryptocurrency exchange, former FTX CEO Sam Bankman-Fried was found guilty Thursday on seven federal counts.

    By Gabrielle Saulsbery • Nov. 2, 2023
  • A dome lit up in gold contrasts with the night sky.
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    Natalia Bratslavsky/iStock via Getty Images
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    NJ ranks worst in business taxes with NY close behind

    The Garden State may rise from dead last in corporate tax rankings if a 2.5% business tax surcharge expires at the end of this year as scheduled, the Tax Foundation said.

    By Nov. 2, 2023
  • The front of the agency headquarters, reading "United States Security and Exchange Commission" and the number 450 as a man walks in a glass door at the bottom left of the frame.
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    Mark Wilson/Newsmakers via Getty Images
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    SolarWinds CFO avoids charges in SEC action

    A cybersecurity suit filed by the SEC names the company’s chief information security officer as a defendant but not its CFO, although the agency previously put both executives on notice.

    By Nov. 1, 2023
  • Port Houston Bayport Terminal Wharf 6
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    Provided by Port Houston

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    Companies relying on foreign sales see Q3 earnings slump 4.7%

    The dollar rose against other major currencies during the third quarter, eroding revenues at large companies such as Pfizer and Exxon Mobil, FactSet said.

    By Oct. 31, 2023
  • President Joe Biden signs a piece of paper while seated.
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    Chip Somodevilla via Getty Images
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    Biden’s AI order calls for guardrails to protect workers

    The effort highlights growing concerns in Washington over the risks posed by artificial intelligence as companies rush to adopt it.

    By Oct. 31, 2023
  • Header image for "Small Business Optimism Slips 2 Points"
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    Getty Images via Getty Images
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    Small businesses imperiled by credit crunch: Goldman

    Federal Reserve officials begin meeting Tuesday to assess several crosscurrents in the economy as companies adjust to the highest borrowing costs in 22 years.

    By Oct. 30, 2023
  • International business people discussing financial plan at boardroom meeting
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    insta_photos via Getty Images
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    Sponsored by Mercer

    Weighing the benefits: Why more employers are transferring DB risk

    Moving away from defined benefit plans as the primary retirement program doesn’t require terminating the plan outright.

    Oct. 30, 2023
  • SEC Chairman Gary Gensler
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    Brendan Smialowski via Getty Images
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    Gensler says SEC aims to avoid overreach on climate risk rule

    The SEC chief has come under fire for proposing that companies release data on the greenhouse gas emissions by their suppliers and customers.

    By Oct. 26, 2023
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    Alex Wong via Getty Images
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    Gensler says single platform of AI data may trigger financial turmoil

    While recognizing the transformative power of AI, Gensler said the technology will likely prompt “herding” in financial markets, creating instability.

    By Oct. 25, 2023
  • Bankruptcy
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    Getty graphics via Getty Images
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    Risks to earnings put CFOs on defensive: AFP

    Rising borrowing costs are straining balance sheets and complicating efforts by CFOs to refinance debt.

    By Oct. 24, 2023
  • Michael Cohen
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    Spencer Platt via Getty Images
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    Trump tasked his ex-CFO, ex-attorney with ‘reverse engineering’ asset values, Cohen testifies

    Ex-attorney and former “fixer” Michael Cohen testified as a key witness for the state in its $250 million civil fraud case against his former boss Donald Trump.

    By Oct. 24, 2023
  • A shift to remote work has softened the demand for office space, accelerating the need for commercial-to-residential conversions.
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    Fang Xia Nuo via Getty Images
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    Fed warns of stability risk from $24T commercial real estate market

    Prices for commercial properties slumped 3.9% from the second quarter of last year to Q2 2023, well below the 3.3% average annual growth beginning in 1997.

    By Oct. 23, 2023
  • White House event marking National Small Business Week on May 1, 2023.
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    Alex Wong via Getty Images
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    CFOs should proceed cautiously as SBA loan access eases, experts say

    The Small Business Administration's new loan rules are expanding credit access to more companies but experts warn that it could lead some borrowers to take on too much debt.

    By Chris Gaetano • Oct. 20, 2023
  • Federal Reserve Chair Jerome Powell.
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    Scott Olson via Getty Images
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    Powell signals Fed likely to forgo rate hike on Nov. 1

    After rapidly hiking rates to a 22-year high, policymakers aim to finely tune monetary policy and curb inflation to 2% without triggering a downturn. 

    By Oct. 19, 2023
  • Team of hackers dressed in black work on computers in dark room.
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    gorodenkoff via Getty Images
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    Ransomware projected to see banner year amid ‘big game hunting’

    Cyber risk management company Resilience said 2023 is on track to become “the most financially damaging year” for ransomware victims since 2021.

    By Oct. 19, 2023
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    Tom Pennington via Getty Images
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    Consumers plan to sustain robust spending: Fed economists

    Unexpectedly high consumer spending this year followed a 37% leap in household median wealth between 2019 and 2022, according to the Fed.

    By Oct. 18, 2023
  • Group of graduation students looking very happy.
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    andresr via Getty Images
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    US accounting degree graduates plunge 7.4%

    Students snub accounting for reasons ranging from comparatively low pay to tough requirements for certification, according to financial executives.

    By Oct. 17, 2023
  • Rite Aid pharmacy logo
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    Justin Sullivan via Getty Images
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    Cost-cutting failed to save Rite Aid from Chapter 11

    The pharmacy chain filed for bankruptcy as it struggled to offload $4 billion in debt, minimize its retail footprint and deal with thousands of opioid-related lawsuits.  

    By Oct. 17, 2023
  • Hooded hacker sits in front of computer screens.
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    dem10 via Getty Images
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    Criminals’ AI adoption intensifies scam threat

    With AI, a criminal can now more easily mimic the voice of a trusted person at an organization as part of a sophisticated payment fraud scam, says Trustpair CEO Baptiste Collot.

    By Oct. 17, 2023
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    Chris McGrath via Getty Images
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    Procurement must adapt to era of ‘sudden upheavals’: McKinsey

    Even as supply chain disruptions wane, companies should adjust procurement to a period of volatile prices and global strife, McKinsey said.

    By Oct. 16, 2023
  • Header image for "Audit Regulators Vow a Tougher Regime"
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    CFO Editorial Staff
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    PCAOB says 42% of auditors botched quality reviews

    Since early 2022 the PCAOB has tightened standards, stepped up enforcement and intensified inspections of auditing firms.

    By Oct. 13, 2023
  • Rema Sirafi headshot
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    Permission granted by KPMG
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    KPMG taps new vice chair of tax

    27-year KPMG alum Rema Serafi will become the first woman to serve as the firm’s vice chair of tax as it looks to craft strong, tech-forward tax offerings.

    By Oct. 13, 2023