Companies are making a costly $100 million mistake

Quick Summary:

FIS and Oxford Economics quantify the impact of disruptions and inefficiencies across the money lifecycle.

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%).

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Article Details

Author / Journalist: Sheryl Estrada

Category: EconomyBusiness

Markets: United States

Topics: CFO Daily Chief financial officer (CFO)

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-21 @ 11:27:05 (4 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 461 words

Reading Time: 3 minutes read

Sentences: 4 lines

Sentence Length: 116 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28097306

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 38 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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News Language: English

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Publisher ID: #95

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