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Information security
fromBusiness Matters
1 week ago

Co-op hack wipes out 80m of profits as cybercrime surge hits UK businesses

A sophisticated cyberattack cost the Co-op £80m in profits and about £206m in lost revenues, causing operational shutdowns and remediation expenses.
Marketing
fromBored Panda
1 week ago

14 People Share How They Escaped Multi-Level Marketing Schemes That Sucked Them In

Multi-level marketing relies on recruiting networks and typically funnels profits to those at the top while most participants lose money.
UK news
fromwww.independent.co.uk
2 weeks ago

The romance scams to look out for as over-55s frequently targeted

Romance scam reports against people aged over 55 rose 52% in 2024/25, with older victims suffering larger average financial losses.
Business
fromIndependent
1 month ago

Grinds school backed by rugby stars and 'Love/Hate' actor made 417,000 loss in first year

Grinds 360, backed by Brian O'Driscoll and Caelan Doris, posted a €417,844 loss in its first 13 months while paying over €1m to firms owned by co-founder Brendan Kavanagh.
Information security
fromBusiness Insider
1 month ago

I was scammed out of $6,000 a year ago - even though I knew better. It's not the financial loss that continues to haunt me.

A fake Facebook customer service call led to a $6,000 scam and lasting shame despite prior scam awareness.
London food
fromwww.standard.co.uk
1 month ago

New restaurant at Kensington Roof Gardens as it records 26m loss

The Roof Gardens restaurant in Kensington faced significant losses but is expanding with new investments and high subscription interest.
Tech industry
fromBusiness Insider
1 month ago

Tech guru Erik Gordon says AI mania will burst bigger than the dot-com crash

The AI boom is at risk of a significant bust, potentially causing greater financial losses than the dot-com crash.
#scam
more#scam
fromScripps News
1 month ago

'I lost a lot of money': Michigan man loses thousands in recent job scam

After receiving an email from pinherocareers.com confirming he got the job, the scammers instructed him to deposit a check via mobile app and wire $5,000 to what they called an 'accredited vendor' to purchase office equipment for remote work.
US politics
#scams
more#scams
E-Commerce
fromBusiness Matters
1 month ago

Deliveroo posts 19m loss despite 1bn revenue as Doordash takeover costs bite

Deliveroo reported a £19.2 million loss in H1 2025 despite revenue growth, attributed to costs from its takeover by DoorDash.
fromSFGATE
1 month ago

Bay Area biotech company once worth $4.4 billion lays off chunk of staff

Iovance Biotherapeutics is laying off about 19% of its workforce, translating to roughly 230 cuts, primarily in response to a $111.7 million net loss.
Healthcare
Tech industry
fromEntrepreneur
2 months ago

Intel Laying Off Tens of Thousands of Employees: CEO Memo | Entrepreneur

Intel plans to cut over 33,000 jobs to reduce workforce to 75,000 by year-end as part of a plan to reduce costs.
fromBusiness Insider
2 months ago

'A long, slow bleed': Quant hedge funds are getting slammed and scrambling for answers

Quant hedge fund managers are experiencing one of the most prolonged droughts in recent memory. The bigger concern: They don't know why.
Careers
Business
fromComputerWeekly.com
2 months ago

Judge questions HP's 'exaggerated' Autonomy loss claim | Computer Weekly

HP's valuation of Autonomy was significantly inflated, leading to an exaggerated financial hit and legal claims.
#stellantis
more#stellantis
#job-scams
more#job-scams
Cars
from24/7 Wall St.
2 months ago

Rivian (NASDAQ: RIVN) Price Prediction and Forecast 2025-2030 for July 8

Rivian Automotive's stock has experienced a significant decline, with notable losses over various time periods.
UK news
fromwww.independent.co.uk
2 months ago

M&S chief says traumatic' cyber attack was like an out of body experience

Marks & Spencer faced a traumatic cyber attack, resulting in significant operational disruptions and financial losses.
Privacy professionals
fromwww.cbc.ca
2 months ago

RBC tells customer she's responsible for $14K stolen from account in bank investigator scam | CBC News

Fraudsters are impersonating bank representatives, leading to significant financial losses for victims.
US news
fromFuturism
2 months ago

Tesla Fans Rage Against Elon Musk as They Lose Money on Polymarket After Doing Exactly What He Told Them to Do

Elon Musk's prediction regarding the Robotaxi launch led to disappointment and anger among bettors on Polymarket.
E-Commerce
fromEntrepreneur
3 months ago

Before You Start Day Trading, Know These Stages | Entrepreneur

In day trading, believing in beginner's luck can lead to significant losses when faced with real market challenges.
Cars
fromFortune Europe
3 months ago

Renault's $11.2 billion loss tied to its Nissan stake adds to tensions in the already rocky partnership

Renault reports a 9.5 billion euro loss due to changes in accounting for its Nissan stake as it shifts to reflect market value.
Canada news
fromwww.cbc.ca
4 months ago

Canada Post reports $1.3B operating loss with declines in both letter and parcel revenue | CBC News

Canada Post faces a $1.3 billion operating loss in 2024, prompting urgent calls for structural changes to ensure future viability.
UK news
fromIrish Independent
4 months ago

Kevin Bakhurst confirms RTE has not received 150,000 back from former presenter Ryan Tubridy

Poor communication between RTÉ's executive and board led to a significant IT system failure costing €3.6 million.
RTÉ's 2024 license fee earnings show a slight decline compared to 2023.
fromTasting Table
4 months ago

The Colorado-Based Fast Casual Chain That's Set To Close Multiple Locations This Year - Tasting Table

Noodles & Company has reported a loss of $9.1 million in Q1 2025, leading to the closure of up to 21 locations, amidst ongoing challenges in the restaurant industry.
NYC startup
Cryptocurrency
from24/7 Wall St.
4 months ago

States Where Cyber Crime is Leaving Americans Broke

The significant rise in internet usage has correlated with an alarming increase in cyber-crime incidents and financial losses for Americans.
LA real estate
fromSFGATE
4 months ago

Jennifer Lopez and Ben Affleck Slash $8 Million Off Price of Marital Mansion as They Get Set To Take Major Loss on Enormous Abode

Lopez and Affleck are significantly reducing their mansion's price amid a financial loss from their divorce.
Information security
fromSecuritymagazine
5 months ago

Why every business needs a data security strategy

Data breaches expose sensitive information, necessitating robust data security measures to prevent financial loss, reputational damage, and compliance violations.
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