Risk
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Port of Baltimore Halts Vessel Traffic After Bridge Collapse
While the port is still processing trucks, the loss of the Francis Scott Key Bridge will disrupt port operations for some time.
By Colin Campbell • March 26, 2024 -
Political Risk Rises as Countries Clamp Down
Governments are thinking less globally and making things tougher for businesses.
By David McCann • March 21, 2024 -
Supply Chain Mistake Part of Lordstown Motors SEC Case
Lordstown misrepresented its timeline for delivering the Endurance electric pickup truck by failing to account for production delays due to parts problems, the SEC said.
By Vincent Ryan • March 1, 2024 -
Cloud Intrusions Spiked 75% in 2023, CrowdStrike Says
The majority of cloud intrusions directly attributed to a threat actor last year were financially motivated.
By Matt Kapko • Feb. 27, 2024 -
Opinion
Navigating the Governance of Cybersecurity and Cyber Resilience
No matter how secure a company’s defensive cybersecurity preparations are, CFOs must widen the aperture to include cyber resilience.
By Andrea Calise, Colleen Hsia, Kevin S. Schwartz, and Steven A. Cohen • Feb. 22, 2024 -
Sponsored by Motive
The hidden hazard: how fraud is impacting fleets’ bottom line
Your business is under attack. Fraud is chipping away at your bottom line. We surveyed 1,000 leaders to find out what’s being done about it. See the results.
By Hemant Banavar • Feb. 20, 2024 -
27% of Organizations Ban GenAI
Business leaders should take a look at the autonomy they’re granting employees who are using Gen AI tools, suggests new data.
By Adam Zaki • Feb. 5, 2024 -
Finance Employee Defrauded for $25M by Deepfake CFO
The technology was used both to manipulate people's faces as well as voices, according to the Cyber Security and Technology and Crime Bureau in Hong Kong.
By Andy Burt • Feb. 5, 2024 -
83% of Finance Leaders Dealt With Cyber Fraud in 2023
Over a third of all losses were seven figures or more, according to new Trustpair data.
By Adam Zaki • Jan. 30, 2024 -
5 Risks for CFOs to Manage in 2024
Cyber attacks and generative AI adoption are two areas that will require the CFO's involvement in risk mitigation.
By Vincent Ryan • Jan. 24, 2024 -
Chapter 11 Bankruptcy Filings Rose 72% in 2023
“We certainly are seeing more borrowers engaging with their lenders and preparing to file,” said one attorney about the likelihood of sustaining the increase this year.
By Vincent Ryan • Jan. 10, 2024 -
Office Rents to Decline Up to 4% in 2024: CBRE
Office utilization rates are still below pre-pandemic levels, and about 40% of organizations surveyed by CBRE planned to reduce their office space over the next three years.
By Vincent Ryan • Jan. 3, 2024 -
Credit Quality Problems May Start to Hurt Banks’ Balance Sheets
The International Monetary Fund and the Financial Stability Board say vulnerabilities in the global financial system remain elevated.
By Vincent Ryan • Oct. 12, 2023 -
Orthofix CFO John Bostjancic, C-Suite Execs Terminated for ‘Inappropriate and Offensive Conduct’
Along with Bostjancic, CEO Keith Valentine and chief legal officer Patrick Keran were terminated for cause. Geoffrey Gillespie will act as interim CFO during the search for replacements.
By Andy Burt • Sept. 13, 2023 -
Silicon Valley Bank, First Republic Failures Caused Shift in Startups’ Deposits
New data on 400 venture-funded companies from Kruze Consulting reveals where startups moved their bank deposits when SVB and FRB started to fail.
By Vincent Ryan • Sept. 6, 2023 -
85% of Cybersecurity Leaders Say Recent Attacks Powered by AI: Weekly Stat
As the push for generative AI incorporation continues in corporate finance, the cybersecurity ramifications may be getting overlooked.
By Adam Zaki • Aug. 30, 2023 -
Opinion
A Full-Blown Debt Crisis Is Avoidable
Higher interest rates have not impacted the real economy as strongly as they have in the past.
By Aylin Somersan Coqui • Aug. 21, 2023 -
Opinion
5 Steps CFOs Should Take to Mitigate Workplace Misconduct
Avoiding bad hires who engage in misconduct can help companies avoid costly lawsuits and ensure employees are the best representatives of the company.
By Ben Mones • Aug. 17, 2023 -
Silicon Valley Bank Collapse Puts CFOs on Notice
On Friday, Silicon Valley Bank (SVB) was closed by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. There have been 562 U.S. bank failures since 2001, though only nine since 2018. Silicon Valley woul...
By Vincent Ryan , Wayne Spivak • March 12, 2023 -
The ESG Impact
ESG initiatives have become a part of the standard corporate landscape. In this series, CFO examines its origins, how impact can be measured, and how one industry has approached compliance.
By Ted Jackson • Jan. 18, 2023 -
43% of Audit Executives Rank Cybersecurity Controls as 2023’s Lead Risk
As company financial performance is becoming increasingly scrutinized going into the new year, recent data from Jefferson Wells reveals the expected auditing and controls hurdles corporate finance teams face. As risk management, data integrity, and unpredictable markets are impacting the decision...
By Adam Zaki • Dec. 7, 2022 -
SEC Backs Nasdaq’s Boardroom Diversity Plan
In a landmark decision, the U.S. Securities and Exchange Commission has approved Nasdaq’s proposal to increase diversity in the boardrooms of companies listed on its exchange.Fortune said the decision “marks a historic moment for advocates and investors who have been pushing for more women, peopl...
By Matthew Heller • Aug. 10, 2021 -
Lordstown Motors May Run Out of Gas
In an amended regulatory filing late Tuesday, electric vehicle maker Lordstown Motors stated that it “believes that its current level of cash and cash equivalents are not sufficient to fund commercial-scale production and the launch of sale” of its vehicles.The “going concern” warning means the c...
By Vincent Ryan • June 8, 2021 -
GE Shareholders Reject Pay Plan for CEO Culp
Corporate governance groups won a rare victory over executive compensation as General Electric shareholders voted to reject the pay plans for top executives including CEO Larry Culp and CFO Carolina Dybeck Happe.The vote at GE’s annual general meeting on Tuesday came out at nearly 58% against the...
By Matthew Heller • May 5, 2021 -
Kohl’s Rejects Activists’ Push for Board Shakeup
Kohl’s has rejected a move by an investor group to shake up its board with nine new directors, setting the stage for a possible proxy fight.The investor group, which holds a 9.5% stake in the retailer, has been in discussions with Kohl’s since early December. On Monday, it announced it had nomina...
By Matthew Heller • Feb. 23, 2021