Security News

Kroll announced its report Cyber Risk and CFOs: Over-Confidence is Costly which found chief financial officers to be woefully in the dark regarding cybersecurity, despite confidence in their company's ability to respond to an incident. This is at odds with the level of visibility CFOs have into cyber risk issues, given only four out of 10 surveyed have regular briefings with their cyber teams.

How a business email compromise scam spoofed the CFO of a major corporation. Business email compromise attacks work by using a standard phishing scheme and then lending it authority by impersonating a trusted and often high-ranking individual associated with the targeted organization.

Forrester announced the appointment of Chris Finn as chief financial officer, effective September 13, 2021. Finn joins Forrester from LogMeIn, where he led financial planning and analysis and procurement as vice president.

Anaplan announced that Vikas Mehta has joined its executive team as Chief Financial Officer effective July 19. "We are excited to welcome a progressive financial executive of Vikas' caliber to the Anaplan team," said Frank Calderoni, Chairman and CEO of Anaplan.

RSA announced Ellen Purdy as Chief Financial Officer and the latest addition to the rapidly growing Fraud & Risk Intelligence executive team. Purdy is an accomplished financial executive with a track record of driving growth and achieving profitable returns for technology companies.

71% of CFOs surveyed believe that digital transformation investments are key to their company's success and 77% said they would help the CIO find a way to fund a new digital transformation project if the initiative delivered strong ROI, according to Rimini Street. Of the 80% of CFOs who expect their technology spending to increase in 2021, 46% say this growth in spending is being driven by new digital transformation investments.

DefenseStorm announced the addition of Mike Shah as chief financial officer. Shah brings over 25 years of accounting and finance experience to this role, with his last 10 years focused on the financial technology software arena.

Raytheon Technologies announced that Chief Financial Officer Anthony O'Brien has stepped down from his role as CFO. Neil Mitchill, corporate vice president, financial planning & analysis and investor relations for Raytheon Technologies and former CFO of Pratt & Whitney, has been appointed as CFO of Raytheon Technologies and will report directly to Chief Executive Officer Greg Hayes. In 2019, Mr. Mitchill was named as acting senior vice president and CFO of United Technologies Corporation, a role in which he served until the merger with Raytheon Company, when he was appointed corporate vice president, financial planning & analysis and investor relations of Raytheon Technologies.

Axonius announced that Jerry Raphael has joined the executive team as chief financial officer. Raphael is passionate about building strong teams that help support and drive rapid company growth.

Of the 250 respondents surveyed in February 2021, 31% plan to minimize real estate and facilities expenses over the next year, while 32% plan to permanently decrease their company's real estate footprint. The survey shows that finance leaders found unexpected upsides over the past year: more than 60% of CFOs pointed to improved flexible and remote work environments at their companies - and more than 40% reported improved collaboration.