Risk


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    Top people risk for 2024: health costs

    “Risk management now requires a wider ecosystem view that identifies and addresses issues ... and takes account of the wider communities in which a business operates.”

    By June 5, 2024
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    The CFO’s changing role: problem-solving, tech and leadership — report

    CFOs are prioritizing finance strategy to manage growing responsibilities and ensure long-term scalability and resilience.

    By May 23, 2024
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    Company defrauded by ‘deepfake’ CFO identified as engineering group Arup

    Arup “notified the police about an incident of fraud in Hong Kong,” confirming “that fake voices and images were used,” according to the company.

    By May 17, 2024
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    CFO crimes, litigation, financial control failures, ethics violations, and more

    A collection of stories on CFOs who have failed to adhere to the law or failed ethics class.

    By CFO Editorial Staff • Updated 2 hours ago
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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
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    Political Risk Rises as Countries Clamp Down

    Governments are thinking less globally and making things tougher for businesses.

    By March 21, 2024
  • A Lordstown Motors 2021 Endurance on display Monday, Sept. 28, 2020, on the South Lawn of the White House.
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    Craighead, Shealah. (2020). "President Trump Tours a Lordstown Motors 2021 Endurance" [Photograph]. Retrieved from Flickr.
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    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 March 1, 2024
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    MF3d via Getty Images
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    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
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    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
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    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
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    bagira22 via Getty Images
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    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 Feb. 5, 2024
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    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 Feb. 5, 2024
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    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 Jan. 30, 2024
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    z_wei via Getty Images
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    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 Jan. 24, 2024
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    sesame via Getty Images
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    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 Jan. 10, 2024
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    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 Jan. 3, 2024
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    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 Oct. 12, 2023
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    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 Sept. 13, 2023
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    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 Sept. 6, 2023
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    iStock via Getty Images
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    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 Aug. 30, 2023
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    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
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    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 was shut down on Friday morning by California regulators and was put in control of the U.S. Federal Deposit Insurance Corp.
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    Getty Images via Getty Images
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    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 , March 12, 2023
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    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
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    Colin Anderson Productions pty ltd
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    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 Dec. 7, 2022