Risk


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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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    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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    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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    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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    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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    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
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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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    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
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    geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
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    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
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    geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
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    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 June 8, 2021
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    geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
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    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
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    geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
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    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
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    geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
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    SEC Approves Final Rules on Proxy Advisors

    The U.S. Securities and Exchange Commission has voted to adopt new rules that require proxy advisors to provide companies with access to their voting advice at the same time as shareholders.The SEC’s 3-1 vote on Wednesday followed a years-long battle between corporate lobbyists and governance act...

    By Matthew Heller • July 23, 2020
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    geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
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    What’s Next Now That AI Has Gone Mainstream?

    Just about four years ago, I wrote an article for CFO entitled “The Robo-Accountants Are Coming,” which was meant to calm the hysteria that was rapidly building over the role of artificial intelligence (AI) in professional services. At the time, we knew that AI would soon be infiltrating the audi...

    By April 8, 2020
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    geralt. "Financial Crisis Stock Exchange Tendency" [Illustration]. Retrieved from Pixabay.
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    Twitter Makes Deal With Activist Investor Elliott

    Twitter announced an agreement with activist investor Elliott Management on Monday that — at least for now — averts a battle over CEO Jack Dorsey’s leadership of the social media giant.Under the agreement, Elliott executive Jesse Cohn, who had been the driving force behind the hedge fund’s campai...

    By Matthew Heller • March 9, 2020