Extortion attempts such as ransomware attacks are on the rise again. Companies may want to consider cyber insurance policies to protect themselves. Client companies insured by Marsh reported a record number of cyber extortion attempts in 2023, roughly 65% more…
Finance Technology
Is there a single business in the U.S. that's resisted raising prices since early 2020? Good luck finding one. But there's a fine line between passing along higher costs of doing business to the customer, and "fixing" prices. Case in…
2024 is shaping up as the year of crypto. The trends are unmistakable -- and largely positive -- for the revolutionary currency. Consider the highlights from just the past five months: In January, the Securities & Exchange Commission (SEC) approved…
Let's be real: The enthusiasm behind real-time (or instant) payments stems almost entirely from the seller's side of B2B. After all, whether we're talking about a mom-and-pop vendor or a multinational corporation, who doesn't prefer getting paid sooner rather than…
Threat actors, hackers, cyber thieves -- they go by many names, but they've all got one characteristic in common. They aim at the weakest links in the most vulnerable systems to exploit and then wreak havoc. A red-hot target? The…
Financial professionals who can read a chart are rightly worried about the long-term economic health of the U.S. To quote the late, great economist Herbert Stein, "If something cannot go on forever, it will stop." Try telling that to the…
The Securities and Exchange Commission (SEC) under President Biden continues to make an example of companies and individuals that don't tell customers and investors the whole truth and nothing but. Two investment firms are the latest to feel the wrath…
Adopting AI in the workplace is going to be a struggle unless attitudes about the controversial technology improves. And there's no guarantee that finance professionals or the average American worker will ever learn to love, let alone trust, generative AI.…
A last-ditch effort to restore tax write-offs for research costs -- including software engineers' salaries -- appears dead on arrival in the Senate. Politics is preventing a deal from getting done, despite several GOP Senators wanting to provide more tax…
The vast majority of people who've never ran or helped run a business might assume companies were cutting down to the bone to get finances in order. One media story after another of recognizable firms laying off hundreds to thousands…
Whether payroll professionals use the most current Excel in Microsoft 365 or an earlier version, they'll never find enough time to use all of the functions and shortcuts available to them. Even expert users of Excel will stumble upon a…
A recent ransomware attack illustrates why an attacked company that pays ransom shouldn't expect the hackers to live up to their end of the bargain. Once upon a time, cyber thieves did exhibit a modicum of honor. They'd unlock a…
