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LogRhythm CFO Points to Rate of Change, Regulations as Biggest Challenges

LogRhythm CFO Points to Rate of Change, Regulations as Biggest Challenges

The chief financial officer of software and cybersecurity firm LogRhythm told IDG News in a recent interview that the major challenge facing CFOs is the constant change across their business, particularly when it comes to regulations.

CFO Mark Vellequette noted that with the role of finance chiefs evolving rapidly to encompass more human resources, IT and other facets in addition to their role within the financial department, complying with regulations can seem to be an uphill climb.

"[T]he change in employment laws and what makes sense to do or not to do as an employer and what is legal to do is hard to keep up with," he said. "Then, just general security rules for compliance. I think keeping up with change is the biggest challenge because it comes at you from every angle of the responsibility areas that you manage."

Despite these challenges, LogRhythm recently announced that it planned to expand its operations in Boulder, Colorado, largely because it will be receiving $85,000 in rebates as part of the city's business incentive program, according to the Daily Camera.

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