Future CFO

AUGUST 29, 2023

According to a report by Check Point Research, there is an unsettling 8% surge in global weekly cyberattacks in the second quarter, the most significant increase in two years. In H1 2023, 48 ransomware groups have breached over 2,200 victims, with Lockbit3 being the most active, reporting a 20% increase in victims compared to H1 2022.

Manufacturing 52

Manufacturing Securities Technology Retail 52

PYMNTS

DECEMBER 26, 2018

Will the New Year bring an increase in cyberattacks? companies should expect to see a rise in breaches in 2019, “as chronically improving malware will be deployed more aggressively on more fronts.” ” Those cyberattacks cost companies in all areas. ” Those cyberattacks cost companies in all areas.

Startups 77

Startups Securities Numbers 77

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JANUARY 30, 2020

A breach of India’s SpiceJet, one of the country’s biggest independent airlines, exposed the data of more than a million passengers, per a report on Thursday (Jan. The cyberattack exposed records that included passengers’ names, contact information and birthdates, the researcher told the news outlet. million passengers.

Securities 80

Securities Marketing 80

CFO Talks

FEBRUARY 9, 2024

As CFOs, it is essential to understand the financial implications of cybersecurity breaches and implement effective strategies to manage the rising costs associated with protecting organisational assets. Cyber insurance policies can cover various expenses, including data breach notification costs, forensic investigations, and legal fees.

CFO 52

CFO Strategic Planning Leadership Education 52

PYMNTS

SEPTEMBER 21, 2019

They’re just a few basic rules of thumb for small business owners to help mitigate the risk of a cyberattack, according to Matrix Integration; however, as president Nathan Stallings warns, as cyberattacks become more sophisticated, so much small businesses’ mitigation tactics. ” The U.S.

Accounts Payable 80

Accounts Payable Securities Manufacturing Technology 80

PYMNTS

AUGUST 17, 2020

A cyberattack directed at two dozen Canadian government platforms forced the shutdown of most of its online portals over the weekend. As a result of the breach, the CRA said more than 11,000 of 12 million personal accounts were compromised, including online portals accessing tax payer data and COVID-19 relief programs.

Securities 65

Securities Accounting 65

Future CFO

NOVEMBER 14, 2023

"Shortfalls in talent, workforce or critical specialised skills can hamper innovation and competitiveness and increase exposure to cyberattacks, regulatory breaches, supply chain issues, business interruption and reputational damage."

Risk Management 52

Risk Management Compliance Economics 52

PYMNTS

OCTOBER 18, 2016

The price tag attached to a data breach on a small business has increased this year, according to new analysis from IBM and Ponemon Institute. With their newly released “ 2016 Cost of Data Breach: Canada ” report, the firms examined the financial impact of data breaches on 24 companies in Canada to assess the damage.

Securities 77

Securities Budgeting Investments Planning 77

PYMNTS

APRIL 9, 2020

Sodinokibi, the alleged perpetrators of the cyberattack, claimed responsibility for the breach. The attack caused Travelex to dismantle websites in 30 countries to contain viruses and protect data. At that time, the group said it no longer held the data, but failed to provide specifics on what it had stolen. “It

Foreign Exchange 111

Foreign Exchange Securities Numbers Sales 111

PYMNTS

NOVEMBER 3, 2020

Brovko is accused of collaborating with other cybercriminals to sell personal data on the darknet from 2007 through 2019. Cyberattacks are accelerating and have noticeably spiked over the course of the coronavirus pandemic. Hacks have skyrocketed 67 percent since 2014 and 11 percent since 2018, data shows. Attorney G.

B2B 104

B2B Securities Banking 104

PYMNTS

NOVEMBER 13, 2020

Following a cyberattack that exposed patients’ mental health records last month, Finland is moving ahead with legislation that would let people change their personal identity codes in certain instances, according to an Associated Press (AP) report. The breach was first made known last month.

Healthcare 69

Healthcare Investments Numbers Technology 69

PYMNTS

NOVEMBER 25, 2019

As data breaches and ransomware hacks escalate, cyber protection is becoming one of the fastest-growing insurance industry sectors, a Financial Times special report indicated. A 2014 breach at Marriott, for example, cost the chain over $100 million before fines were levied under EU rules.

Healthcare 67

Healthcare Valuation Forecasting Retail 67

PYMNTS

FEBRUARY 10, 2020

10) with the 2017 cyberattack on credit reporting giant Equifax, which was one of the largest data breaches in history, according to The Wall Street Journal. The Equifax cyberattack exposed the financial data of almost 150 million Americans and British and Canadian nationals. “There are exceptions, though.”

Securities 53

Securities Financial Data Numbers Accounting 53

PYMNTS

MARCH 18, 2019

A new research report from Warwick Business School at the University of Warwick has found evidence that corporate cyberattacks lead to higher profits for chief executive (CEOs) officers at those firms. The report examined instances of data breaches at 41 public U.S.

Profit and Loss 56

Profit and Loss Investments Securities Finance 56

PYMNTS

MAY 13, 2019

Wolters Kluwer , which fell victim to a malware attack last week, sent a “quiet panic” through the accounting industry, with clients unable to access data and do their jobs. Experts also warned of a SAP system vulnerability, while an anonymous utility revealed last week that it fell victim to a significant cyberattack.

SAP 51

SAP Securities Healthcare Finance 51

Nerd's Eye View

MARCH 15, 2023

Moreover, given the closeness of advisor-client relationships and the financial implications of many cyber threats, clients often look to their advisors to help them recover from a cyberattack (whether or not the advisor is prepared!); a combination of technology and series of steps) and overseeing risk management on an ongoing basis (e.g.,

Risk Management 81

Risk Management Securities Accounting Planning 81

Future CFO

APRIL 5, 2022

Increasing spend on cybersecurity won’t help unless organisations understand from the top down the true nature and critical threat that cyberattacks constitute to their organisational capabilities, their customers and their own existence.”. “The issue isn’t technology, it’s education,” Bugal pointed out.

Education 94

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PYMNTS

SEPTEMBER 11, 2018

11) that the data breach at British Airways was due to credit card skimming installed by malware hackers. The researcher said the group was highly targeted in their approach, and that the British Airways breach was part of a broader plot to steal records from various websites. This is just the latest breach to hit an airline.

Securities 74

Securities Banking 74

PYMNTS

SEPTEMBER 14, 2020

The fallout continues to grow, with reports noting its slew of nonprofit and corporate customers have now been exposed to security threats as a result of data stolen in the Blackbaud breach. Cybersecurity experts at Breach Clarity now peg the number of clients impacted at 136. Blackbaud's data breach isn't unique, per se.

Nonprofit 52

Nonprofit Securities B2B Education 52

Future CFO

OCTOBER 30, 2023

While prevention remains a high priority, finance leaders must acknowledge that cyberattacks will succeed despite the best defenses. Regulators worldwide are also increasingly focused on cyber resilience , obliging organisations to be more transparent about their ability to respond to breaches before, during and after an incident.

Finance 52

Finance Communication Technology 52

PYMNTS

MAY 16, 2019

Death, taxes and data breaches – those are perhaps the only sure things in life, and new evidence is emerging that hackers are finding increasing profit in targeting online retailers. The news comes amid yet another online retail cyberattack, this one targeting Japan’s Fast Retailing, the company that owns the Uniqlo retail chain.

Retail 87

Retail eCommerce Securities Accounting 87

PYMNTS

JANUARY 23, 2020

billion consumer accounts fell victim to data breaches during the first half of 2019 — to the tune of $4 million in lost revenue per breach. More than 90 percent of Americans have fallen victim to online scams, data breaches, identity theft or other forms of fraud, though certain varieties are more common than others.

Accounting 64

Accounting Securities eCommerce 64

PYMNTS

NOVEMBER 15, 2018

15) the results of the third annual Ponemon Institute’s “Data Risk in the Third-Party Ecosystem” study, which found that 59 percent of companies surveyed said they have experienced a data breach caused by their vendors or third parties. Opus said that in the U.S., Opus said that in the U.S.,

Risk Management 78

Risk Management Compliance Securities Technology 78

PYMNTS

FEBRUARY 20, 2019

Cybersecurity experts are urging small business (SMB) owners to not ignore the risks they face from cyberattacks. In its announcement , Mastercard noted that providing educational resources for small businesses to mitigate the risk of cyberattacks not only helps the individual businesses, but supports the economy at large.

Education 56

Education Prioritization Leverage Securities 56

PYMNTS

DECEMBER 3, 2018

With cyberattacks on the rise, corporate victims find themselves battling it out with cyber insurance companies over protection from the damage done by security breaches. In addition, payouts for data breaches might be limited to the legal minimum, without anything extra the client may want to spend, such as keeping customers informed.

Securities 73

Securities Banking Sales Technology 73

Future CFO

DECEMBER 13, 2023

According to a recent study by Kaspersky , the retail industry experienced the greatest number of successful cyberattacks in the past 24 months in Asia Pacific. These companies are part of the greater digitalisation movement in the region and hold treasure troves of data, specifically financial ones.” E-commerce is expected to be a 2.05

Budgeting 52

Budgeting Retail Numbers Finance 52

Future CFO

JUNE 13, 2023

According to IDC 2022 Future Enterprise Resiliency and Spending Survey, 65% of enterprises in the Asia Pacific experienced ransomware attacks or breaches that blocked systems or data access, with 83% of compromised businesses suffering downtime and business disruptions ranging from a few days to several weeks.

Securities 52

Securities Risk Management Budgeting Leverage 52

PYMNTS

OCTOBER 16, 2020

The ICO’s investigation revealed that the airline broke data protection laws by lacking sufficient security measures when processing customers’ personal information. The cyberattack went unnoticed for over two months and was ultimately brought to the airline’s attention by a third party, TechCrunch reported. s biggest data breaches.

Securities 83

Securities Numbers Accounting 83

PYMNTS

APRIL 9, 2018

The high-profile data breach that hit Saks and Lord & Taylor was already eclipsed just days later when news of possible similar attacks at Best Buy, Delta and others hit headlines. Gartner research director Ruggero Contu cited high-profile attacks, like the Equifax breach , as a key motivator behind this spend.

Investments 49

Investments Education Securities Technology 49

PYMNTS

MAY 30, 2019

the title insurance company that exposed the data on hundreds of millions of mortgages dating as far back as 2003, is being sued in a class-action lawsuit. Last week, the news broke that First American Financial exposed the data on 885 million mortgages, with the company blaming the exposure on a design defect in one of its applications.

Securities 59

Securities Numbers Banking Accounting 59

PYMNTS

DECEMBER 4, 2017

McAfee Labs recently published its 2018 Threats Predictions report , and after a year of high-profile cyberattacks and data breaches, analysts say the threat won’t let up in the new year. A rising challenge for the enterprise is the fact that cyberattackers are becoming increasingly sophisticated in their methods.

Securities 54

Securities B2B Compliance Accounting 54

PYMNTS

NOVEMBER 9, 2016

Business owners may think “it won’t happen to me,” or they may be confident in their ability to remain unaffected by a cyberattack. But a new report by Accenture uncovers just how big of a threat cyberattacks are on businesses.

Prioritization 78

Prioritization Securities Forecasting B2B 78

PYMNTS

DECEMBER 14, 2020

Reports of widespread cyberattacks on several U.S. government agency websites have sent shockwaves throughout the country and the world, raising concerns about the ability of any institution to protect its vital and confidential data. The thinking goes that if the U.S.

Securities 85

Securities Treasury Accounting Firms Leverage 85

PYMNTS

SEPTEMBER 11, 2017

Equifax, the credit scoring company that suffered a data breach that impacted as many as 143 million Americans, is blaming a vendor software flaw in its online databases. My understanding is the breach was perpetuated via the Apache STRUTS flaw,” Meuler told The Post. Large-scale security breaches are becoming all too common.”.

Securities 66

Securities CFO Numbers Accounting 66

PYMNTS

DECEMBER 5, 2018

When the data of 15 million T-Mobile customers was stolen in 2015, the mobile firm’s CEO immediately went into damage control mode. Rather, a hack at its credit reporting vendor Experian led to the data breach. Hospital network Atrium Health revealed that the data of up to 2.65 Even so, the damage had been done.

Securities 76

Securities Banking Risk Management Credit Risk 76

PYMNTS

APRIL 12, 2020

The notice did not say there had been any breach of company data, and it didn’t say if customers had lost anything or what the fraudulent emails had been asking for. The state-owned bank did not comment but told clients in an email that the attack was on some of the employees’ mailboxes.

eCommerce 122

eCommerce Sales Banking Securities 122

PYMNTS

OCTOBER 26, 2018

Following a data breach at learning platform Lynda in 2016, two hackers were indicted in Florida this month on charges of extortion and hacking. According to the reports, the allegations are similar to those of a reported data breach at Uber. drivers’ license numbers. drivers’ license numbers.

Securities 53

Securities Numbers Accounting 53