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Banks report ten-fold surge in digital scams, BioCatch says

Leylaynr | E+ | Getty Images U.S. and Canadian banks reported a tenfold surge in digital scams this year as criminals flock to techniques that rely on duping customers into sending them money, according to cybersecurity firm BioCatch. The sharp rise in reported scams from the first three quarters of 2023 comes as banks have […]

McDonald’s, Starbucks aim to improve

A McDonald’s restaurant in El Sobrante, California, on Oct. 23, 2024. David Paul Morris | Bloomberg | Getty Images After a tough year for the restaurant industry, executives can’t wait for 2025 to start. “I don’t know about you guys, but I’m ready for ’24 to be behind us, and I think ’25 is going […]

Liberty Media to spin off assets; CEO Greg Maffei to step down at year-end

Liberty Media announced Wednesday that it’s spinning off most assets besides Formula One auto racing into a separate publicly traded company, called Liberty Live, and that CEO Greg Maffei is stepping down at year-end. Chairman John Malone will become interim CEO of Liberty Media. Liberty Media’s investor day is set to take place on Thursday […]

Disney doesn’t plan to change its TV networks portfolio anytime soon

Scene from the FX series Shogun. Source: Disney | FX Disney has done the math on separating its TV networks business, and it appears too messy to be done — at least for now. The company’s chief financial officer, Hugh Johnston, said Thursday on CNBC’s “Squawk Box” that the “cost is probably more than the […]

Hyundai names North American exec Jose Munoz as CEO, effective Jan. 1

Hyundai CEO Jaehoon Chang (left) and José Muñoz, Hyundai president and global chief operating officer, attend the 2024 New York International Auto Show Michael Wayland | CNBC DETROIT – Hyundai Motor Co. on Thursday named Jose Munoz as the next president and CEO of the South Korean automaker, effective Jan. 1. Munoz, an auto industry […]

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