Good morning. During rising economic uncertainty, some companies continue to identify ways to create value and invest. But that may be hard for a firm to do if it loses millions annually.
Fidelity National Information Services, or FIS, a fintech company led by CEO Stephanie Ferris, released new research in collaboration with Oxford Economics. Businesses are losing an average of $98.5 million per year primarily due to issues such as cyber threats (88%), fraud (79%), and regulatory complexities (65%). The findings are based on two global surveys of a combined 1,000 C-suite business and technology leaders across six different industries.
