Pentagon’s largest protection contractor Lockheed Martin Corp (NYSE: LMT) mentioned on Tuesday Chief Monetary Officer Ken Possenriede is retiring instantly “attributable to private causes” and named an organization veteran as an interim alternative.

What Occurred: The maker of F-35 fighter jets named John Mollard, the present vp and treasurer, to fill in briefly as a alternative for Ken Possenriede, one other firm veteran who was main the CFO position at Lockheed since February 2019. 

Possenriede, 60, has spent over three many years with Lockheed in numerous roles together with as vp and treasurer. His sudden exit comes two days forward of the corporate’s scheduled investor day on Thursday and a uncommon miss on quarterly earnings final week.

Possenriede’s sudden exit was not associated to any “monetary or accounting challenge or any disagreement with the corporate or any matter regarding the corporate’s operations, insurance policies or practices,” Lockheed mentioned in a

When individuals consider bank card fraud, they often consider identification theft and knowledge breaches or somebody shopping for objects on-line with a stolen bank card quantity. However there are different ways in which criminals can commit bank card fraud, and so they’re at all times in search of new methods to skirt your enterprise’ newest safety protections.

Sure kinds of bank card fraud have grown over the previous few years, particularly throughout the pandemic.

Based on PaymentsNext.com, a funds business commerce journal, world losses in fee fraud have tripled between 2011 and 2020, with card not current (CNP) being the worst wrongdoer. Some analysts consider that CNP will attain $130 billion in world losses by 2023.

Fraud impacts small retailers too, not simply the massive ones.

 

For one factor, bank card fraud has the potential to have an effect on all of us as clients. In 2019, Markus Bergthaler, …