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Tag: Financial losses

Bank Reconciliation Statement: Definition, Purpose & Process

What is a Bank Reconciliation StatementBank reconciliation is the process that ensures that a company's recorded cash balances align with the funds in their...

XRP Lawsuit: Ripple CLO Points to SEC’s Latest Legal Loss And Why It’s So Bullish On Case Outcome

Advertisement &nbsp &nbsp Stuart Alderoty, Ripple’s Chief Legal Officer (CLO), has drawn attention to a...

Nearly 50% of Companies Targeted by AI Deepfakes, Mastercard Report Reveals

Although artificial intelligence (AI) technology has made a striking entrance into the finance and trading industry, it also brings a series of potential dangers, including the increasingly...

DORA – Navigating the EU’s Operational Resilience Landscape

DORA – Bolstering and Harmonising Operational Resilience Across the EU.  See full article at https://cjcit.com/insight/dora-navigating-the-eus-operational-resilience-landscape/ The EU’s DORA is inevitable and will have rippling effects beyond the...

Retail Hemorrhage: Global Fraud Eats $429 Billion While Consumers Take a Beating

Brick-and-mortar stores and online retailers alike are facing a financial nightmare – a staggering $429 billion vanished from their coffers in 2023 due to fraudulent activity, according...

Unmasking the Threat of Deepfake Scams in the Financial Sector of Asia – Fintech Singapore

In the contemporary digital world, the proliferation of deepfake technology and generative AI heralds an era fraught with online scam challenges, notably within the...

Google Sues 2 Individuals for Alleged Crypto Investment Fraud Using its Play Store

American tech giant Google recently filed a lawsuit against two developers for uploading almost 90 fraudulent crypto investment applications on its online store, Google...

How Does IoT Improve Efficiency in Business Communication?

Businesses worldwide are seeing the potential of IoT (Internet of Things) and its promise to streamline communication. It is forging deeper connections with customers...

Secure Online Payments and Finding Peace of Mind for Every Purchase

And just like that our wallets have morphed from leather companions to lines of code. This newfound convenience, however, comes with a chilling reality: online transactions...

SEC Urges For Clear Cryptocurrency Regulations And Investor Protection – CryptoInfoNet

Key points:Grewal emphasizes SEC’s commitment to crypto regulation for market integrity, insiders report.Grewal confirms that the SEC’s use of the Howey test for crypto...

Guide to Vendor Account Reconciliation Process: Best Practices & Automation

Guide to the Vendor Account Reconciliation ProcessRunning a business involves collaboration with various vendors who provide different kinds of products and services. Vendor reconciliation,...

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