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58% of districts reported economic growth, 33% reported consumer spending increases, and 100% reported wage growth.

The 2024 Data Breach Cost Report found that 50%+ of companies breached pass the recovery costs to their customers.

While 38% of CFOs feel greater optimism, 39% feel less optimistic about the financial prospects for their companies.

75% of districts reported economic growth, 67% reported employment increases, and 75% reported weak commercial real estate.

Ohio’s nonfarm payroll employment increased to 5.6 million in March of 2024 and the state’s unemployment rate was 3.8%.

Aggregate household debt balances increased by $184 billion in the first quarter of 2024, a 1.1% rise from 2023Q4. Balances now stand at $17.69 trillion and have increased by $3.5 trillion since the end of 2019, just before the pandemic recession.

100% of districts reported wage growth, 85% reported economic growth, and 75% reported employment increases.

59% of CFOs rate current economic conditions as good or very good, while 54% say economic conditions will improve in a year.

Criminals use exploits and phishing for 55% of breaches and then focus on evasion to maintain network persistence for as long as possible.

67% of Districts reported slight to modest growth, 25% reported no change, and 8% noted softening. The economic outlook for future growth remained positive, with expectations for strong demand and less restrictive financial conditions over the next 6 to 12 months.

47% of North American CFOs rate current economic conditions as good or very good, while 37% expect conditions to improve in a year.

In 2023, IC3 received a record number of reported complaints from the American public, with an increase in potential losses exceeding $12.5 billion. The top five crimes were phishing, personal data breach, non-payment, extorsion, and tech support scams.

The observed 71% surge in cyber threats targeting identities represented 30% of all incidents in 2023.

66% of Districts reported little or no change in economic activity, while 25% reported modest growth. Most Districts indicated that expectations for future growth were positive, had improved, or both.

This report aims to assess and summarize the current threat landscape facing organizations because digital identities (credentials) represent a source of technical exposure that is impossible to mitigate completely.

Economic activity slowed since the October report, with modest growth by 33%, flat by 17%, and slightly down by 50% of Districts.

The CA Generative Artificial Intelligence (GenAI) Report presents an initial analysis of the potential benefits and risks.

The short-term outlook for the economy is described as stable or having slightly weaker growth.

Cost and cash management (as well as avoiding big risks) could be prudent amid uncertainty.

Wage inflation has outpaced productivity gains, and manufacturers are willing to pay more to make their supply chains robust and resilient to disruption.

58% of Districts reported slight increases in activity, while 42% reported no change or declines from July through August.

The Cost of a Data Breach Report equips IT, risk management, and security leaders with quantifiable evidence to help them better manage their security investments, risk profiles, and strategic decision-making processes.

Investors need accurate and timely cybersecurity risk governance and management disclosures to make informed decisions.

42% of Districts reported slight increases in activity, 42% no change, and 8% small to moderate declines in June. Employment increased modestly in most Districts.

CFOs reported their greatest challenges in managing enterprise risk and regulation as frequently changing and/or increasing regulations and working with regulators; implementing processes to identify, monitor, and address risks; and managing resources, costs, and business constraints.

33% of Districts reported slight increases in activity, 50% no change, and 17% small to moderate declines. Employment increased in most Districts, though slower than in previous reports. Prices rose over the reporting period, though the rate of increase slowed in many Districts.

Supply chain management practitioners have long understood the global dependencies and associated risks of US supply chains. It took a pandemic and the resultant supply disruptions to fully expose the national security implications associated with these supply chain vulnerabilities.

The April 2023 SLOOS report tighter standards and weaker loan demand for C&I, CRE, RRE, and HELOCs.

The FBI’s IC3 2022 Internet Crime Report confirms that cyber actors continue to plague Americans by targeting U.S. networks, attacking critical infrastructure, holding our money and data for ransom, facilitating large-scale fraud schemes, and threatening national security.

Amid growing concerns around cyber risk and organizational preparedness, navigating the threat landscape remains a matter of protecting people and defending data.

In 2022, total losses represented $3.1 Billion as reported by elderly victims, an increase of 84% from 2021. Talk about these scams with your family and friends and take steps to prevent these fraud attempts.

Banks across Districts tightened lending standards amid increased uncertainty and liquidity concerns. Contacts noted declines in the prices of nonlabor inputs and significantly lower freight costs in recent weeks, as several Districts reported increases in the labor supply.

Shortly after Congress enacted the Inflation Reduction Act (IRA), the Department of the Treasury and the IRS initiated an effort to develop a Strategic Operating Plan, identifying the highest-priority opportunities to deliver transformational change for taxpayers.

Finding skilled workers with desired experience remains challenging, and inflationary pressures remain widespread as input costs increase. Many companies were finding it more difficult to pass on cost increases.

Provides an overview of standards (existing, being drafted, under consideration, and planned) related to the cybersecurity of artificial intelligence (AI), assess their coverage, and identify gaps in standardization.

Financial institutions are increasingly exploring the potential of tokenization of “real-world assets”, including tangible assets, such as real estate and precious metals, and intangible assets, such as private equity (e.g., fund tokens) or debt securities (e.g., digital bonds).

Business and cyber leaders face challenges understanding each other well enough to meet organizational risk.

In 2023, savvy executives will keep their feet on their M&A accelerators, even as competitors slam on the brakes in the face of turbulence.

Supply chain issues, including sourcing bottlenecks, global logistics backlogs, cost pressures, and cyberattacks, will likely remain critical industry challenges in 2023.

Manufacturers indicated that activity declined modestly in many Districts while supply chain disruptions had eased. Manufacturers in many Districts report declining freight costs and prices for commodities, including steel and lumber.

The Office of Financial Research’s 2022 annual report to Congress found an elevated risk to U.S. financial stability throughout FY 2022.

More than 50% of organizations in the DIB aren’t compliant with the basic DFARS requirements.

CxOs and boards recognize that their organization’s ability to generate actionable insights from data is of the highest strategic importance.

Cybercrime effectively uses two strategies to gain access. One is a campaign with broad targets that relies on volume. The other uses surveillance and more selective targeting to increase the rate of return.

There is no sure defense against all these threats. Companies must transparently communicate their investments in security for that trust to be earned and maintained.

The Beige Book November 2022 shows interest rates and inflation continue to weigh on the economy as many expressed uncertainty or increased pessimism concerning the outlook.

Third parties do not present equal exposure, so your tactics are proportional to the level of risk each third party offers your organization.

Economic conditions varied across industries and Districts. Four Districts noted flat activity, and two cited declines. Higher interest rates, inflation, and supply disruptions continue to impact demand. Outlooks grew more pessimistic amidst increasing concerns about weakening demand.

The administration is taking steps to address global competition and revitalize the manufacturing sector. Measures include increasing the resilience of U.S. supply chains and national security, investing in R&D, and training Americans for future jobs.

The combination of rising costs and waning consumer confidence is pushing demand downwards. U.S. supply chain operators must now hope domestic consumers keep spending.

The transfer and sharing of data across borders is an integral part of every economic sector and a critical source of innovation.

The existing empirical literature provides little guidance on how detailed labor market outcomes will change in reaction to a tightening of monetary policy when there is high inflation.

Growth becomes more challenging with the strong headwinds of inflation. 42% of Districts reported a slight to a modest increase in activity, and 42% indicated subtle softening.

Economic activity expanded at a modest pace. Several Districts reported growing signs of a slowdown in demand and concerns over an increased risk of a recession.

Extortion economics; this report highlights the high-growth ransomware business model.

Capacity demands and disruptions force logistics providers to improve the productivity and efficiency of their operations.

2021 was the year when financially motivated cyber crime became a national security issue.

The SEC proposes amendments to require current reporting about material cybersecurity incidents.

This report explores user weaknesses and issues driven by lack of knowledge and poor communication.

In 2021, America experienced an unprecedented increase in cyber attacks and malicious cyber activity.

In 2021, reshoring surged to a record high and exceeded FDI for the second consecutive year.

Friction between buyers and suppliers increases; buyers defer payments to build cash reserves, and order volume declines.

Our perspective and wallet have changed since the close of 2021.

This edition of Road to Next explores the wave of investment and innovation at the intersection of food and technology.

CFOs continue to grapple with how to turn investments for both the enterprise and finance function into digital wins for the organization.

Manufacturing is the largest of the twenty Ohio economic sectors, and the sector GDP in 2020 was $105.3 billion. After California, Texas, and Illinois, this financial contribution ranked fourth in the nation.

Review this business performance update and economic outlook survey conducted among 1,000 C-Suite executives of companies with annual revenues between $10M and $1B.

The findings result from approximately 300 tax and accounting firms throughout the U.S. and rank the top 100.

The WEF 2022 Global Risks Report identifies tensions that will result from diverging trajectories and approaches within and between countries and then examines the risks that could arise from such stresses. This year’s report also highlights the implications of these risks for individuals, governments, and businesses.

Competition within the DIB is vital to the Department for several reasons. When markets are competitive, the Department reaps the benefits through improved cost, schedule, and performance for the products and services needed to support national defense. This document is available for viewing or download.