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Risk management and fraud news from around the web: July 15 – 19, 2024

Written on Jul 19, 2024

Managing these emerging trends is key to putting finance teams on the right path heading toward 2030, according to McKinsey. 

A new study published in the Strategic Management Journal has found that by driving board discussions about risk-taking to hold a positive tone, narcissistic CEOs can allocate more resources toward risk-taking strategies. The findings deepen our understanding of how CEO behavior and personality types can drive risk management strategies. 

CFOs should be cautious about posting personal material on social accounts, as such information can be used to build deepfakes. 

Generative artificial intelligence is steadily transitioning from an emerging technology to a strategic tool within financial institutions. According to Anthony Rapa, senior client advocate, corporate risk and broking at WTW, most companies are in the early adoption phase, focusing on establishing governance frameworks, assessing risks, and understanding how Gen AI integrates into their broader plans.