Monthly Archives: October 2019

Shen Attack Cyber Risk Scenario: up to $110 billion at risk from maritime malware attack

Shen Attack Cyber Risk Scenario: up to $110 billion at risk from maritime malware attack

  What would be the impact on insurers and the global economy if key ports in Asia-Pacific were closed as a result of a cyber attack? Our new scenario report explores the impact of a hypothetical computer virus which closes up to 15 ports in Asia. Economic losses from closures and disruption range from $40.8Read more

How Turkey’s new offensive into Syria threatens world order

How Turkey’s new offensive into Syria threatens world order

  Turkey’s recent military offensive in Syria, which began last week, has complicated the balance of power in the Middle East and exacerbated the fractures in NATO. Knock-on effects include intensifying an already standoffish relationship between the US Congress and President Trump, emboldening disruptive forces such as Iran and Russia, and destabilising the security situationRead more

California’s wildfire mitigation is a risky gamble

California’s wildfire mitigation is a risky gamble

On the evening of Wednesday, 9 October, Pacific Gas & Electric began the process of cutting off the electricity supply for 2.4 million Californians in order to diminish its wildfire risk. Meteorological forecasts suggested dry, gusty winds in certain areas, increasing the likelihood for fires starting. Given its dependency on the weather, PG&E has notRead more

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