Risk Management: Page 23


  • CrowdStrike booth at Black Hat USA 2023 in Las Vegas.
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    Matt Kapko/CFO Dive
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    Visa, Mastercard say CrowdStrike didn’t impact networks

    Still, cardholders may have been affected, particularly in Europe, as some bank card issuers were hit by the cybersecurity company’s update snafu.

    By Lynne Marek • July 22, 2024
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    Deep Dive

    ‘Surge Moment’: Generative AI upends time-tested measurements of ROI

    CFOs gauging the return on investment from generative artificial intelligence are trying to map fuzzy terrain, according to financial executives and AI experts.

    By July 19, 2024
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    Navigating risk in turbulent times

    CFOs must help their organizations mitigate risks by balancing the need for both growth and stability. 

    By CFO Dive staff
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    Chip Somodevilla via Getty Images
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    Opinion

    Finance leaders need to move quickly to prep for the ‘tax trifecta’

    U.S. businesses must begin scenario planning ahead of the presidential election to avoid being caught off guard by sudden shifts in tax policy, KPMG’s Rema Serafi writes.

    By Rema Serafi • July 19, 2024
  • A blue screen with an unhappy face is depicted on a screen in the background behind glass and in front of a person looking down.
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    Anthony Kwan / Stringer via Getty Images
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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 July 17, 2024
  • A four-panel shot of Lamar Johnson (ESG Dive), Jake Rascoff (Ceres), Lindsey Stewart (Morningstar Sustainalytics) and Erin Martin (Morgan, Lewis & Bockius LLP)
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    Joey Sirmons/CFO Dive
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    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
  • A businessperson hands a colleague a paycheck.
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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 July 16, 2024
  • A pedestrian walks by a sign posted in front of an AT&T store.
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    Justin Sullivan via Getty Images
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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 July 16, 2024
  • The words Federal Reserve engraved in a marble building with an eagle above.
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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 July 15, 2024
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    David McNew via Getty Images
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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 July 15, 2024
  • A bronze sculpture of an eagle with a 16-foot wingspan adorns the outside of the Federal Reserve Bank of Atlanta.
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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 July 10, 2024
  • A construction worker sits alone at a jobsite.
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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 July 9, 2024
  • Boeing 737 Max aircraft are shown during production in Renton, Washington.
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    (Photo by Stephen Brashear/Getty Images) via Getty Images
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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 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 July 8, 2024
  • Office workstation top view of business people working around the letters "M&A" as well as a keyboard, calculator, phablet and money on wooden table.
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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
  • Hooded person types on computer in a dark room with multiple monitors and cables everywhere.
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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
  • Header image for "U.S. Inflation Surges at Highest Rate Since 1982"
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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
  • Federal Reserve Chair Jerome Powell.
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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
  • A wide shot of the U.S. Supreme Court building
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    Al Drago via Getty Images
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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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    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
  • Supreme Court
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    Chip Somodevilla via Getty Images
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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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    Anna Moneymaker / Staff via Getty Images
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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
  • An businessperson in an empty LA office building.
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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