Law firms under cyberattack
In April 2023, Australian law firm HWL Ebsworth was hit by a cyberattack that possibly resulted in data of hundreds of its clients and dozens of government agencies being compromised. The attack was claimed by the Russian-linked ALPHV/Blackcat ransom.....»»
Small firms may offer higher pay due to a lack of market power
Small companies may post higher wages for entry level positions than large companies—potentially attracting better talent, even though the larger companies have more influence on the market, according to new Cornell research......»»
Firms that withdrew from Russia following Ukraine invasion earn higher consumer sentiment, finds study
Following Russia's 2022 invasion of Ukraine, many companies with operations in Russia withdrew from or severely curtailed their Russian operations. For example, Dell and McDonald's ceased all operations in Russia after the invasion......»»
Family-owned businesses hold non-family CEOs more accountable than family CEOs for firm performance
Family-owned businesses account for 59% of the U.S. private workforce, with 35% of Fortune 500 companies being family-owned. Although family-owned firms employ more than half of the U.S. workforce, little is known about their operations due to the se.....»»
White House picks Monroe Capital to develop $1 billion fund for auto suppliers
The fund will help smaller firms along the supply chain gain access to capital in what is an underserved market in finance, despite being a trillion-dollar industry, CEO Theodore Koenig said......»»
Hackers breaching construction firms via specialized accounting software
Firms in the construction industry are getting breached by hackers via internet-exposed servers running Foundation accounting software, Huntress researchers are warning. “We’re seeing active intrusions among plumbing, HVAC, concrete, and.....»»
China hits 9 US firms with property freeze over weapons sales to Taiwan
China hits 9 US firms with property freeze over weapons sales to Taiwan.....»»
Suspect arrested over the Transport for London cyberattack
The UK National Crime Agency has arrested and detained a suspect – a 17-year-old male in Walsall (West Midlands) – on suspicion of Computer Misuse Act offences in relation to the Transport for London (TfL) cyberattack, the agency has anno.....»»
Benefits and best practices of leveraging AI for cybersecurity
AI has become a key player in protecting valuable organizational insights from threats. Thanks to AI-enabled data protection practices such as behavior monitoring, enterprises no longer have to be reactive to a cyberattack but can be proactive before.....»»
The challenge of LGBTQI+ inclusion at Big Four firms
The Big Four firms are eager to adopt progressive positions in support of diversity, but it doesn't always play out in reality for staff......»»
Russian banks say they"ve run out of yuan as Chinese firms pull away from the nation
Russian banks say they"ve run out of yuan as Chinese firms pull away from the nation.....»»
Russian firms bought spare parts for 25-year-old ASML machines, says newspaper Trouw
Russian firms bought spare parts for 25-year-old ASML machines, says newspaper Trouw.....»»
Microchip Technology confirms theft of employee data
US-based semiconductor manufacturer Microchip Technology has confirmed that the cyberattack it suffered in August 2024 resulted in the theft of data, including “employee contact information and some encrypted and hashed passwords.” The br.....»»
Sutskever strikes AI gold with billion-dollar backing for superintelligent AI
Top venture firms back SSI to develop "safe" AI with teams in Palo Alto and Tel Aviv. Enlarge / Ilya Sutskever, OpenAI Chief Scientist, speaks at Tel Aviv University on June 5, 2023. (credit: JACK GUEZ via Getty Images).....»»
Research explores whether "everything as a service" will live up to its great expectations
It's no secret that the composition of the American economy is changing. As the manufacturing sector continues to decline, the balance is slowly tipping even further away from goods and towards services. In line with this larger trend, many firms hav.....»»
Schemes linking company bosses" pay to cuts in greenhouse gas emissions are ineffective, research shows
Schemes linking corporate executives' pay to how far their firms cut their greenhouse gas emissions are ineffective, new research says......»»
Celebrity group"s 4 dealerships sue CDK over cyberattack
Celebrity Motor Car Co.'s four dealerships have all sued CDK Global, accusing it of soliciting business by relating the risks of a dealership breach and the cybersecurity CDK could provide — only to be hacked itself and unavailable to retailers aft.....»»
Maintaining company confidentiality simultaneously hurts and helps workers" well-being
A hush has fallen over the workplace. At tech startups and banks, in doctors' offices and law firms, workers are increasingly being asked to keep secrets. These aren't personal confidences but organizational secrets about clients, proprietary technol.....»»
Gurman: Apple issues fourth known round of layoffs this year with Services job cuts
Mark Gurman reports for Bloomberg that Apple has cut around 100 jobs in the Services division. While relativity small compared to other technology firms over the last few years, the layoffs are notable for Apple. That’s because CEO Tim Cook has rep.....»»
Daily 5 report for Aug. 27: How dealers adapted during the CDK outage
Reporter Paige Hodder shows how dealers adapted and the lessons they learned from the CDK cyberattack crisis. One big message: Don't get too dependent on technology......»»
UN cybercrime convention inadequate, says Human Rights Watch
UN treaty falls short when protecting digital freedoms, tech firms and activists say......»»