Tag: Risk Management
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Bank of America Approves Limited Digital Asset Allocations for Client Portfolios
Yesterday, Investment News, reported that Bank of America approved an advisor-endorsed allocation of from 1% to 4% of digital assets in portfolios owned by clients of Merrill, Bank of America Private Bank, and Merrill Edge platforms. Two years I attended a speech given by Ric Edleman, a major investment advisor, where he stated he had…
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Western Union Pilots Stablecoin-Based Settlement for Global Remittances
Amin Ayan, Cryptonews.com Mon, October 27, 2025 Global payments giant Western Union will pilot a stablecoin-based settlement system to modernize its global remittance operations.
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Accounting Firm Data Breaches: A Growing Risk for CPA Firms and Their Clients
The October issue of the Journal of Accountancy includes an article written by Sarah Beckett Ference, CPA on accounting firm data breaches. Examples were drawn from the AICPA Professional Liability Insurance Program and include: In addition to obtaining satisfaction that the CPA has the training and experience to service your tax needs, you need to…
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AI-Powered Phishing Is Reshaping Cybersecurity Risks for Businesses
The October issue of the Journal of Accountancy included a frightening article on the impact of AI on hacker attacks. Hackers are using large language models (LLMs) to generate communications to be used in hacking attacks. LLMs is the technology that is used to scan large data sets to permit AI to respond to our…