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Recent Editions
Risk Channel
North America
U.S. banks are on heightened alert for potential cyberattacks amid the unfolding U.S. war in Iran. "The industry remains vigilant and ready to respond to cyber threats at all times, and especially when global cybersecurity risks are heightened," observed Todd Klessman, managing director for financial services cyber and technology at industry group SIFMA. "We continue to monitor the current situation with a focus on operational resilience, which is foundational to the integrity and stability of the U.S. capital markets," Klessman added. Meanwhile, CNBC reports that threats of cyberattacks pose a critical risk to the U.S. at a time when the Cybersecurity and Infrastructure Security Agency, the leading readiness body, is contending with a partial government shutdown, furloughs, and a management reshuffle. The agency has reportedly lost about a third of its employees since Donald Trump took office.
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Risk Channel
UK/Europe
Global luxury and mass-market brands have closed stores and scaled back operations across the Middle East as escalating conflict between the US, Israel and Iran disrupts business, travel and consumer activity in the region. Luxury groups including Kering have temporarily shut stores in the UAE, Kuwait, Bahrain and Qatar, while Chalhoub Group closed outlets in Bahrain and is operating with voluntary skeleton staff elsewhere. Amazon has suspended regional deliveries, closed its Abu Dhabi fulfilment centre and reported drone strike damage to three data centres in the UAE and Bahrain. Brands such as Apple, H&M, and Primark are adjusting store openings and operations, while Reckitt has shifted staff to remote working and halted travel.
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