All articles by Swagath Bandhakavi
Swagath Bandhakavi
Majority of finance professionals eye AI investment by 2029, survey reveals
The report by Wolters Kluwer underscores a significant shift in perspective among finance leaders, who are increasingly recognising AI as a crucial component of their strategic frameworks.
AI to transform UK investment management, says new industry report
The report from the Technology Working Group argues for greater AI adoption in across investment management to boost efficiency and streamline portfolio management.
Business leaders and knowledge workers at odds over AI’s impact, new report shows
The 2024 Impactful Work Report reveals that 32% of managers believe AI is supporting their workload – while only 14% of knowledge workers agree.
Cloud waste seeing billions misspent, with 78% of firms reporting significant losses
The report by Stacklet reveals that preventable errors, largely caused by manual processes, weak policy enforcement, and the increasing complexity of AI, are putting significant financial pressure on businesses.
MoneyGram confirms customer data breach in September cyberattack
Between 20th-22nd September 2024, attackers gained unauthorised access to MoneyGram’s systems, stealing sensitive customer data.
Supermicro reports shipping 100,000 GPUs quarterly, shares rise by 14%
Supermicro’s fortunes seem to be on the up and up despite the disclosure of a short position by Hindenburg Research in August.
Meta introduces Meta Movie Gen AI model for media creation
The model enables users to create custom media, including images, videos, and audio by inputting simple text prompts.
Comcast and Truist Bank customers exposed in FBCS data breach
Both firms are now notifying customers of the FBCS breach after the agency’s worsening financial state left them responsible for managing the fallout.
Cloudflare reports mitigation of largest documented DDoS attack at 3.8 Tbps
Consisting of more than 100 separate hyper-volumetric DDoS attacks, the assault lasted an entire month.
Over 80% of UK firms report IT skills shortage impacting business
The IT skills shortage appears to be impacting hiring in cybersecurity and cloud computing most acutely.