AIBusinessTechnology

Cognizant CEO Outlines Workforce Transformation Strategy Embracing AI and Interdisciplinary Talent

Cognizant’s CEO detailed a radical shift in corporate structure emphasizing junior hiring and interdisciplinary skills. The technology services company is adopting what sources describe as a “Hollywood model” for project teams. According to reports, AI will serve as an amplifier rather than replacement for human workers.

Redefining Corporate Structure

Cognizant CEO Ravi Kumar S has outlined a significant transformation in how the technology company approaches talent and project management, according to recent reports. In an interview with Fortune, Kumar described moving toward what analysts suggest is a “broader and shorter” organizational pyramid that accelerates the path to expertise for junior employees.

BusinessCybersecurityGovernment

Canada Announces New Financial Crimes Agency and National Anti-Fraud Strategy to Combat Rising Scams

The Canadian government is establishing a dedicated Financial Crimes Agency and National Anti-Fraud Strategy as fraud losses hit $643 million in 2024. The initiative aims to protect vulnerable groups and modernize financial crime enforcement by 2026.

New Federal Agency to Target Financial Crime

Canada is creating its first standalone Financial Crimes Agency as part of a sweeping national strategy to combat online fraud and financial scams, according to government reports. The announcement from Finance Minister François-Philippe Champagne comes amid what officials describe as a dramatic increase in financial crimes targeting Canadians, with reported losses reaching $643 million in 2024 alone.

CybersecurityGovernment

UK Government Password Breach Exposes Critical Security Vulnerabilities

Hundreds of UK civil servants have had their business passwords compromised and exposed on the dark web in what security experts describe as a “particularly dangerous” incident. The Ministry of Justice was reportedly the most affected institution, with the breach lasting more than twelve months before detection.

Widespread Password Exposure Hits UK Government

Hundreds of civil servants across multiple UK government departments have had their business passwords exposed on the dark web for more than a year in what security analysts suggest represents a significant cybersecurity failure. According to reports from password management firm NordPass and threat exposure platform NordStellar, the incident affected numerous national and regional organizations throughout the United Kingdom.