Category Archives: finance

Dell is spinning out VMware in a deal expected to generate over $9B for the company

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Dell announced this afternoon that it’s spinning out VMware, a move that has been suspected for some time. Dell, acquired VMware as part of the massive $58 billion EMC acquisition (announced as $67 billion) in 2015. The way that the deal works is that Dell plans to offer VMware shareholders a special dividend of between […] Continue reading Dell is spinning out VMware in a deal expected to generate over $9B for the company→

CFOs focused on growth, investing for the future

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Most chief financial officers (CFOs) are focused on growth and turning the lessons from the pandemic into a road map for the future, according to a survey by Grant Thornton. The survey reveals that many CFOs plan to cut travel and real estate expenses … Continue reading CFOs focused on growth, investing for the future→

Financial organizations struggling to secure data in the cloud

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In 2020, the most common incidents that financial organizations suffered regarding data in the cloud were phishing attacks (reported by 26%), targeted attacks on cloud infrastructure (22%) and ransomware (15%), Netwrix reveals. Among organizations that… Continue reading Financial organizations struggling to secure data in the cloud→

OneStream raises $200M, now valued at $6B after its enterprise-focused financial software sees a surge of use

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Digital transformation is the name of the game these days, and companies that are enabling businesses to take a leap into the future, by helping them tackle their most complex operations, are reaping the rewards. In the latest development, OneStream, a startup that provides a toolkit of services to enterprises to help them run financial […] Continue reading OneStream raises $200M, now valued at $6B after its enterprise-focused financial software sees a surge of use→

The LPWAN market to reach $109.76 billion by 2025

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The low-power wide area networks (LPWAN) market is expected to grow by $109.76 billion during 2021-2025, expanding at a CAGR of almost 58%, according to Technavio. The report throws light on the impact of the COVID-19 pandemic on the market and the new… Continue reading The LPWAN market to reach $109.76 billion by 2025→

Death, taxes, and hacks: How to prevent cyberattacks during tax season

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Remember how folks did taxes in the olden days? They’d collect large piles of paper documents, fill out endless pages of forms, stuff a bunch of receipts in a shoebox and – after filing to the IRS – cross their fingers hoping they didn’t forget somethi… Continue reading Death, taxes, and hacks: How to prevent cyberattacks during tax season→

The authentication and brand protection market to reach $3.7 billion by 2026

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The authentication and brand protection market is projected to grow from $2.5 billion in 2021 to $3.7 billion by 2026, growing at a CAGR of 8.3%from 2021 to 2026, according to MarketsandMarkets. The key factors fueling the growth of the market include … Continue reading The authentication and brand protection market to reach $3.7 billion by 2026→

A New York special: NYDFS cybersecurity regulation (23 NYCRR 500)

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23 NYCRR 500, also known as NYDFS Cybersecurity Regulation, is a law issued by the New York State Department of Financial Services (NYDFS) that mandates the enforcement of optimal data security standards to safeguard websites and apps. 23 NYCRR 500 […]… Continue reading A New York special: NYDFS cybersecurity regulation (23 NYCRR 500)→

Leaders need to find ways to increase internal audit capacity without increasing budgets

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A study of 299 internal audit organizations showed that the function faced both declining budgets and a significantly expanded workload in 2020, according to Gartner. “For many heads of audit, it’s not clear where the extra capacity is going to come fr… Continue reading Leaders need to find ways to increase internal audit capacity without increasing budgets→

Financial services and insurance faring better than most in the pandemic year

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While 2020 was one of the most challenging years for every business, those in financial services and insurance have fared better than most. This is the conclusion of a deeper sector analysis of the data behind a Redgate’s report, which looked at the ch… Continue reading Financial services and insurance faring better than most in the pandemic year→