Category Archives: finance

Activist investor Starboard Value taking three Box board seats as involvement deepens

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When activist investors Starboard Value took a 7.5% stake in Box last September, there was reasonable speculation that it would begin to try and push an agenda, as activist investors tend to do. While the firm has been quiet to this point, today Box announced that Starboard was adding three members to the 9 member […] Continue reading Activist investor Starboard Value taking three Box board seats as involvement deepens→

How finance leaders plan to react to COVID-19

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The potential for COVID-19 to lead to a global economic downturn is the top concern for finance leaders in the US and Mexico, according to PwC. However, 90% of finance leaders say their business would return to normal in less than 3 months if COVID-19 … Continue reading How finance leaders plan to react to COVID-19→

Over 60% of the Fortune 1000 had at least one public breach over the last decade

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Over 60% of the Fortune 1000 had at least one public breach over the last decade, according to a Cyentia Institute research. On an annual basis, it is estimated one in four Fortune 1000 firms will suffer a cyber loss event. That ratio approaches 50% fo… Continue reading Over 60% of the Fortune 1000 had at least one public breach over the last decade→

How financial services firms are handling data privacy

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One-third of financial services organizations lack a clear plan or the resources to address privacy risks related to customer data in the next 12 months, according to a report by Accenture. The report is based on a survey of 100 privacy executives in t… Continue reading How financial services firms are handling data privacy→

Unplanned work makes it hard to deliver digital transformation

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Time-critical, unplanned work caused by IT disruptions continues to plague enterprises around the world, leading to lost revenue, significant employee morale problems and missed opportunities to innovate. In fact, more than 81% of respondents agreed th… Continue reading Unplanned work makes it hard to deliver digital transformation→

How to begin tapping the full value of your data

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By making better use of data, leading organizations had materially increased revenue and reduced operational costs, boosting profitability by an average of 12.5% of their total gross profit, according to a Splunk survey. The research study surveyed 1,3… Continue reading How to begin tapping the full value of your data→

Economic impact and perceptions around the cybersecurity gender gap

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If the number of women working in cybersecurity in the United States equalled that of men, the economic footprint of the U.S. cybersecurity industry would increase by $30.4 billion, according to Tessian. Furthermore, an additional $12.7 billion would b… Continue reading Economic impact and perceptions around the cybersecurity gender gap→

Maximizing customer engagement when fraud prevention is top of mind

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With the number of data records breached in 2019 surpassing four billion, fraud prevention and regulatory compliance are, inevitably, top priorities for financial institutions (FIs). A recent report from Javelin, for example, found that FIs are signifi… Continue reading Maximizing customer engagement when fraud prevention is top of mind→

A massive increase in eCrime behavior can easily disrupt business operations

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During 2019, financially motivated cybercrime activity occurred on a nearly continuous basis, according to a CrowdStrike report. There was an increase in incidents of ransomware, maturation of the tactics used, and increasing ransom demands from eCrime… Continue reading A massive increase in eCrime behavior can easily disrupt business operations→

Thought Machine nabs $83M for a cloud-based platform that powers banking services

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The world of consumer banking has seen a massive shift in the last ten years. Gone are the days where you could open an account, take out a loan, or discuss changing the terms of your banking only by visiting a physical branch. Now, you can do all this and more with a few quick […] Continue reading Thought Machine nabs $83M for a cloud-based platform that powers banking services→