Vestiaire Collective Says No to Fast Fashion
In a move that’s setting a new precedent within the fashion resale industry, Vestiaire Collective is drawing a definitive line in the sand by banning fast fashion items from its platform. With this bold step, the company is aiming to promote sustainability and encourage consumers to invest in higher-quality, enduring fashion pieces. This decision underscores the growing awareness and concern over the environmental impact of fast fashion, including waste and unethical manufacturing practices. It’s a signal that the resale market is maturing and making deliberate choices to favor longevity over the fleeting appeal of trend-driven, disposable clothing.
Amex Cracks Down on Fraud with Advanced Verification Methods
American Express is fortifying its defenses against fraudulent transactions by employing sophisticated machine-learning detectors. When Amex suspects foul play, it now sends out a verification code as an additional safeguard to confirm the customer’s identity. Tina Eide, EVP of global fraud and risk management at Amex, has highlighted an uptick in social engineering tactics used by cybercriminals. These methods often hoodwink customers into unwittingly handing over one-time passcodes, compromising their security. In response, Amex is reinforcing its advice to customers: protect your one-time password and be vigilant about who is requesting it.
Software Engineering Job Market on the Rise
Karat, a prominent tech recruiting firm, has released data indicating a promising rebound in the software engineering job market. The profound impact of this rebound is already visible as companies heighten their hiring standards. According to the latest technical hiring trends report, the bar for technical interview scores has seen a significant 12% year-over-year increase—suggesting that companies are prioritizing consistency and quality in their new hires. US engineering leaders report boosted satisfaction with engineering performances and heightened confidence in meeting hiring targets. With the tech industry recalibrating its focus, software engineers are finding their skills in higher demand across the board, albeit with a greater emphasis on excellence.
Intersection of Insurance and Cybersecurity in Focus
The intricate dance between cybersecurity and insurance industries is becoming increasingly complex, with professionals in both domains finding themselves working in close collaboration. Nadine Moore, managing director and partner at Boston Consulting Group, blends her extensive insurance know-how with a deep understanding of cybersecurity. With the rising costs and increasing frequency of cyberattacks, insurance premiums have surged, prompting IT executives to scrutinize their security investments more closely. Moore, with her unique blend of industry experience and technical acumen, has been pivotal in guiding institutions through the risk-return trade-offs necessitated by new security concerns.
