Tag: Financial losses
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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
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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,...