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The Network Group Events Comments on CGI Group and Oxford Economics Cyber-Security Research
Jake Summerfield, Managing Director, The Network Group Events, comments on CGI research showing shareholders have lost at least £42bn from cyber-attacks in recent years:
“Whilst today’s report from CGI Group and Oxford Economics highlights the potentially damaging impact a data breach can have on companies, it’s important to remember that not all cyber-attacks will result in a hit to share prices.
“From our close work with CISOs from the FTSE 250 at the Financial Services Information Security Network event, in many cases where cyber-attacks do occur shareholders are not affected, and it’s often down to the way firms respond to a breach.
“Even with investment in cyber-security measures, no firm is 100% safe from a potential attack. Whether or not an assault impacts share price is therefore down to how a company responds to a suspected breach, and whether the way they store their data is compliant with data laws. After all, there are two types of company: those that have been hacked, and those that don’t know they’ve been hacked.”
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- Innovate Finance Releases 10th Annual Women in FinTech Powerlist 2025 Read more
Nivo Rolls Out Nivo AI to Brokers and Lenders Following Successful Early Adopter Phase
Nivo has opened access to Nivo AI, its purpose-built agentic AI assistant for specialist lending, to the wider broker and lender market following a successful early adopter phase.
Seapoint and WealthKernel Partner to Simplify Treasury Management for European Startups
WealthKernel, a digital investing infrastructure provider, today announces its partnership with Seapoint, a business account that automates payroll, expenses, invoice payment, reporting and more for startups and scale-ups. The partnership enables Seapoint to offer access to Money Market Funds (MMFs) and custody services to its customers.
Adaptive Announces Strategic Investment From HSBC and Citi to Fuel Capital Markets Technology Innovation
Adaptive, a leader in custom trading technology solutions, announces it has secured strategic investment from two prominent global financial institutions, Citi and HSBC. This funding is set to significantly accelerate Adaptive’s growth and product innovation roadmap.
Five-Year Renewal of Collaboration between Shift Technology and AXA to Accelerate AI-Powered Insurance Transformation
Shift Technology announced the renewal of their strategic partnership agreement for five years with AXA reinforcing a long-term collaboration that now spans 15 countries across Europe, Asia, and Latin America
Innovate Finance Releases 10th Annual Women in FinTech Powerlist 2025
Innovate Finance is proud to announce the 10th annual edition of the Women in FinTech Powerlist 2025
Checkout.com Named a Leader by Global Analyst Firm as It Bets on Agentic Commerce and Grows US Business
Checkout.com was also cited for growing its US business after receiving a license under the US merchant acquirer limited purpose bank charter
Bold Penguin Expands Coverage Options With Foxquilt
Bold Penguin recently announced a partnership with Foxquilt, expanding admitted commercial general liability coverage options for agents
Nivo Rolls Out Nivo AI to Brokers and Lenders Following Successful Early Adopter Phase
Nivo has opened access to Nivo AI, its purpose-built agentic AI assistant for specialist lending, to the wider broker and lender market following a successful early adopter phase.
Seapoint and WealthKernel Partner to Simplify Treasury Management for European Startups
WealthKernel, a digital investing infrastructure provider, today announces its partnership with Seapoint, a business account that automates payroll, expenses, invoice payment, reporting and more for startups and scale-ups. The partnership enables Seapoint to offer access to Money Market Funds (MMFs) and custody services to its customers.
Adaptive Announces Strategic Investment From HSBC and Citi to Fuel Capital Markets Technology Innovation
Adaptive, a leader in custom trading technology solutions, announces it has secured strategic investment from two prominent global financial institutions, Citi and HSBC. This funding is set to significantly accelerate Adaptive’s growth and product innovation roadmap.
Five-Year Renewal of Collaboration between Shift Technology and AXA to Accelerate AI-Powered Insurance Transformation
Shift Technology announced the renewal of their strategic partnership agreement for five years with AXA reinforcing a long-term collaboration that now spans 15 countries across Europe, Asia, and Latin America
Innovate Finance Releases 10th Annual Women in FinTech Powerlist 2025
Innovate Finance is proud to announce the 10th annual edition of the Women in FinTech Powerlist 2025
Checkout.com Named a Leader by Global Analyst Firm as It Bets on Agentic Commerce and Grows US Business
Checkout.com was also cited for growing its US business after receiving a license under the US merchant acquirer limited purpose bank charter
Bold Penguin Expands Coverage Options With Foxquilt
Bold Penguin recently announced a partnership with Foxquilt, expanding admitted commercial general liability coverage options for agents