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NY1: "Pace University Summit Addresses Cybersecurity Threats Facing Financial Institutions"

09/18/2015

NY1: "Pace University Summit Addresses Cybersecurity Threats Facing Financial Institutions"

A new report illustrates the increasing virtual threats against America's financial institutions.

The report was released at an annual cybercrime summit at Pace University, moderated by NY1's Annika Pergament.

The survey, conducted by Pace and The Association of Chartered Certified Accountants, found that 57 percent of top finance professionals felt their IT systems were well protected.

See the video: http://www.ny1.com/nyc/all-boroughs/news/2015/09/17/pace-university-summ...

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Accounting Today: "Cybersecurity Poses Challenge to Accountants"

09/18/2015

Accounting Today: "Cybersecurity Poses Challenge to Accountants"

Accountants need to be at the forefront of cybersecurity to safeguard the sensitive personal and corporate financial information they handle, according to a new report.

ACCA USA, the U.S. arm of the Association of Chartered Certified Accountants, and Pace University issued a report Thursday about how ACCA members are adapting to address cybercrime threats.

Read more: http://www.accountingtoday.com/news/firm-profession/cybersecurity-poses-...

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American Banker: "United Airlines Turns to Banker Versed in Crisis"

09/14/2015

American Banker: "United Airlines Turns to Banker Versed in Crisis"

. . . The U.S. attorney for New Jersey is reportedly investigating whether the airline added a money-losing flight to Columbia, S.C., at the behest of former Port Authority Chairman David Samson in exchange for renovations United wanted at Newark Liberty International Airport.

The allegations are extremely serious, and the board — possibly under investor pressure — appears to be trying to reassert its control, said Pace University professor John Alan James, who specializes in corporate governance issues and has consulted with United.

Tapping a banker as chairman could increase investor confidence because banks "are the lifeline of airlines" and financial expertise is crucial for the transportation industry, he said.

The board "is trying to show the shareholders that they're in charge, and that they have two heavyweights, a banker and a guy who understands transport law," leading the reforms, James said in reference to Meyer and Oscar Munoz, a former president of the railroad company CSX who was named United's CEO.

Read more: http://www.americanbanker.com/news/national-regional/united-airlines-turns-to-banker-versed-in-crisis-1076617-1.html

 

 

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Bloomberg Brief: "Q&A: Ex-Fidelity CFO Chersi Puts Money-Laundering Rules in Own Compliance Category"

09/09/2015

Bloomberg Brief: "Q&A: Ex-Fidelity CFO Chersi Puts Money-Laundering Rules in Own Compliance Category"

Robert J. Chersi, professor of finance and economics at Pace University's Lubin School of Business, says anti-money-laundering rules and sanctions are in a special compliance category because they often are linked to terrorist financing. Chersi spoke to Bloomberg Brief's Melissa Karsh on Sept. 1 about a recent plan from the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) regarding AML rules for investment advisers. His comments have been edited and condensed.

Read the Q&A: http://briefs.blpprofessional.com/issue?id=XXl1N8mku6hkxfd2ifBUmw__

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Westchester County Business Journal: "Experts: Opportunity lies in Chinese stock collapse"

09/04/2015

Westchester County Business Journal: "Experts: Opportunity lies in Chinese stock collapse"

While most may see the recent Chinese stock market collapse as an indicator of economic despair, some business experts see it as a golden opportunity for Westchester and Fairfield County firms.

Bruce Bachenheimer, a clinical professor of management at Pace University and the executive director of Entrepreneurship Lab — a Lubin School of Business networking and development program — said now is as good a time as ever for local companies to explore opportunities for partnerships and strategic alliances with Chinese companies.

“If I was a Chinese firm and saw this going on, I wouldn’t want to have all my eggs in one basket,” he said. “New York City is the financial capital of the world, and there is a lot of talent here in Westchester County and Fairfield County. I see it as an opportunity for small firms to do business.”

Despite China having the second largest economy in the world after experiencing accelerated growth in recent years, the Shanghai Stock Exchange has been on a downward slump for much of the summer.

Aug. 24, now widely known as “Black Monday” in the financial world, saw the Shanghai main share index lose 8.49 percent.

Calling the U.S. a safe haven economy, Bachenheimer said Westchester’s standing as a wealthy county with large amounts of intellectual capital make it a desirable destination for Chinese companies. Investments in the the tech industry would help these firms diversify.

Investors in Westchester, he said, can do one of two things: buy from China, where products and services are less expensive, or conversely, sell to Chinese companies. The selling opportunities, he said, are plentiful in a big market where specialty products may not be impacted by the shrinking Chinese growth rate.

At roughly $10 trillion in gross domestic product, the Chinese economy is still the second largest in the world and has been growing at a very rapid rate for decades. Though the rate is slowing now, it continues to grow. The latest crash does not mean a direct negative impact on Westchester’s small businesses, Bachenheimer said.

“I think, if anything, the Chinese stock market crisis provides more opportunities than stability does,” Bachenheimer said. “They should take these market jitters as an opportunity, not a reason to withdraw into a shell. The Chinese symbol for crisis is the same symbol for opportunity.”

Read more: http://westfaironline.com/73960/experts-opportunity-lies-in-chinese-stock-collapse/

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U.S. News: "MBA Programs Help Students Become Leaders in Human Resources"

09/03/2015

U.S. News: "MBA Programs Help Students Become Leaders in Human Resources"

. . . At many companies, human resources professionals are key for shaping the organization's strategy and development, says Ibraiz Tarique, director of global human resources management programs at Pace University's Lubin School of Business.

People in this field tend to be most interested in the type of workers that will help achieve a company's mission.

A good human resources student is "someone who's interested in human capital, someone who's interested in managing talent, someone who's interested in making an impact, someone who's a good problem-solver," says Tarique.

Read more: http://www.usnews.com/education/best-graduate-schools/top-business-schools/articles/2015/09/03/be-a-competitive-human-resources-professional-with-an-mba

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ESPN: "J.J. Watt is football's real-life action hero"

09/03/2015

ESPN: "J.J. Watt is football's real-life action hero"

. . . "Richard Sherman's attraction was associated with the success of his team," said Larry Chiagouris, a professor at Pace University's Lubin School of Business in New York. "Without the success of his team you would not even be asking me a question about Richard Sherman. If his team had not won the Super Bowl, you would not even ask me a question about him. On the other hand, J.J. Watt's team has never won the Super Bowl. J.J. Watt's team has never even been in the Super Bowl. But we're still talking about J.J. Watt.

"Can you imagine what will happen if his team wins?"

Read more: http://espn.go.com/nfl/story/_/page/hotread090215/houston-texans-de-jj-watt-nfl-real-life-action-hero

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E-Commerce Times: "Amazon's Underground Unshackles Freemium Android Apps"

09/03/2015

E-Commerce Times: "Amazon's Underground Unshackles Freemium Android Apps"

. . . This latest move will help Amazon make up ground in the space, said Larry Chiagouris, professor of marketing at Pace University's Lubin School of Business.

"Amazon is on a collision course with Apple and its iTunes store and also with Google and its Google Play download site," he told the E-Commerce Times. "If it is going to compete effectively with Apple and Google, Amazon has to jump in and accelerate growth in apps that extend the Amazon universe."

Read more: http://www.ecommercetimes.com/story/Amazons-Underground-Unshackles-Freemium-Android-Apps-82440.html

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PennLive Op-Ed: "Being a Special Olympics volunteer teaches lessons on sportsmanship, trying our best: Carolyn Phillips"

09/01/2015

PennLive Op-Ed: "Being a Special Olympics volunteer teaches lessons on sportsmanship, trying our best: Carolyn Phillips"

By Carolyn Phillips, a junior at Pace University who is originally from the Mechanicsburg area.

"Let me win. But if I cannot win, let me be brave in the attempt" was pledged by athletes at the first Special Olympics World Games in 1968, and that same oath was taken 47 years later in Los Angeles last month. The only difference was that this time I was there to hear it. I volunteered at the Special Olympics World Games, the biggest sporting and humanitarian event in the world in 2015.

The week started July 25 with the opening ceremony at the L.A. Memorial Coliseum (where the 1932 and 1984 Olympic opening ceremonies were held). It was a night filled with motivational stories from athletes about the gifts Special Olympics has given them, songs written just for the Games, and the end to the transnational Torch Run, which started in Athens, Greece, and ended in Los Angeles. It was a beautiful moment. I was able to see the torchbearers run the Flame of Hope in New York City, and I saw the torchbearers light the cauldron to start the Games. It signified hope for the World Games and for all individuals with disabilities throughout the world.

Read more: http://www.pennlive.com/opinion/2015/08/special_olympics_volunteer_les.html

 

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Westchester County Business Journal: "Pace receives $2.5M grant for cybersecurity students, programs"

08/31/2015

Westchester County Business Journal: "Pace receives $2.5M grant for cybersecurity students, programs"

A cybersecurity program offered at Pace University has been extended with an additional $2.5 million grant from the National Science Foundation.

The award will be used for the next five years to help three to four students in Pace’s Seidenberg School of Computer Science and Information Systems studying cybersecurity with financial assistance, aid research in the field and support programs.

Read more:

http://westfaironline.com/73867/pace-receives-2-5m-grant-for-cybersecurity-students-programs/

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