Author Archives: Tamara Evan

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

The attack on Saudi Arabia’s oil industry increases the risk in every sector

The attack on Saudi Arabia’s oil industry increases the risk in every sector

A suspected missile attack against Saudi Aramco holdings in northern Saudi Arabia on the morning of Saturday, 13 September has further enflamed geopolitical tensions in the region. Saudi Aramco is a strategically-vital pillar of industry for the kingdom and important to the global energy market as a whole. The incident pulls together several risk trendsRead more

The Next Decade in Risk: Geopolitical and Security Risks

The Next Decade in Risk: Geopolitical and Security Risks

  Geopolitical conflict is one of the oldest risks known to society and yet a simple explanation of its various causes, impacts, and solutions continuously eludes us. We have acquired a general understanding that the legacy of protracted conflicts in the Middle East during the early 2000s, exacerbated by the global effects of the GreatRead more

Innovation Risk: is 5G already a white elephant?

Innovation Risk: is 5G already a white elephant?

  The US’ allegations of cyber espionage by Chinese tech giant Huawei are still sending ripples through the news. While trade conditions continue to sour between the two nations, effecting supply-side prices, the conversation in Europe has drifted towards decisions to grant contracts to Huawei for the expansion of 5G infrastructure. With more than 40Read more

The Age of Ransomware: mitigating the next cyber heartbreak after WannaCry

The Age of Ransomware: mitigating the next cyber heartbreak after WannaCry

A cyber catastrophe has occurred. A little before noon on Friday, 12 May 2017, a highly virulent strain of the ransomware WannaCry (known as WannaCrypt) began to spread through Windows systems worldwide, crippling the NHS healthcare system, Russian government ministries and French automobile plants, and ultimately impacting more than 200,000 computers in 150 countries byRead more

The Art of Financial Network Science, Part II

The Art of Financial Network Science, Part II

The second annual Financial Risk & Network Science seminar was held on September 9 at the University of Cambridge Judge Business School, in partnership between the Centre and Risk Journals. As with last year, there was a great display of varied and colourful financial network visualisations on show. Network diagrams present vast amounts of data inRead more

Just in case… Hong Kong’s autumn forecast: pack an umbrella

Just in case… Hong Kong’s autumn forecast: pack an umbrella

Earlier in the year, the Cambridge Centre for Risk Studies ran a stress test to factor the global economic risk of a hypothetical ‘Millennial uprising’ – that is, a far reaching anti-austerity protest, helmed by the young, the educated and the unemployed, modelled on the Occupy and indignados movements. Our social unrest scenario was centredRead more

Ebola Adds Another Wake Up Call to Businesses

Ebola Adds Another Wake Up Call to Businesses

The price of gold has stuttered this week and the stock price of metal producing companies has been marked down as mines in western and central Africa are closed in response to the growing Ebola epidemic. In recent decades, West Africa has become home to the production of key commodity resources in modern global trading.Read more

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