Business and tech leaders admit their organizations aren't looking before they leap. Fifty-eight percent of 1,000 CFOs and CIOs say they've yet to complete "a preliminary [emphasis ours] assessment of AI risks in their organization," according to PricewaterhouseCoopers's 2024 U.S.…
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Can a company's cybersecurity weakness equate to "ineffective accounting controls?" The Securities & Exchange Commission (SEC) says yes ... ... but for now, the courts say no. The SEC charged SolarWinds and its chief information security officer (CISO) Timothy Brown…
Fully integrated, automated payments! A dream goal for many CFOs and controllers. Imagine how much more mission-critical work finance staffers could dig into? Here's a reality check: If you're still in the process of transitioning from manual to automated processes,…
Did you hear about the Snowflake hack? Snowflake is a cloud computing company that got blasted by a series of attacks earlier this spring. Snowflake clients ended up taking most of the shrapnel. Snowflake client Ticketmaster estimates 560 million customer…
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…
That familiar voice on the phone? Could be a deepfake. The face you've seen a thousand times in meetings? Don't assume it's the real person talking to you on a video call. Cyber criminals are perfecting new scams using AI,…
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…
The wave of tech fraudsters landing in the slammer rolls on. Elizabeth Holmes of Theranos infamy, crypto hustler Sam Bankman-Fried ... and now Manish Lachwani, the ex-CEO of HeadSpin, an analytics startup he co-founded. Lachwani inflated his company's worth and…
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…
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…
