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From supply chain to regulatory enforcement, data privacy, GRC controls, whistleblowers, and risk management strategies. Risk Channel is the only trusted online news source dedicated to covering current headlines, articles, reports and interviews to make sure you’re at the forefront of changes in the risk industry.
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Recent Editions
Risk Channel
North America
Binance, the world's largest cryptocurrency exchange, has said it is working with partners to freeze affected assets in a security breach that has resulted in an estimated $6.3bn impact. The firm said it had located about $3bn so far, and has not updated on the status of the remaining $3.3bn. "This was a complex attack, and we are doing all we can in coordination with law enforcement to resolve it," Binance wrote on X. AFP notes that Binance earlier posted sometimes contradictory messages, insisting that "user funds are completely safe" but also saying it would "cover all losses." Two analytics firms have attributed the incident to a North Korean hacking unit called TraderTraitor. Binance, which was founded in China in 2017, allows users to trade digital assets and is estimated to have more than 300 million registered users worldwide. Binance.US, which provides trading services specifically for American residents, said its platform is not affected by the incident.
Full Issue
Risk Channel
UK/Europe
France's retailers are facing significant disruption ahead of the crucial Christmas trading period as nationwide protests over rising living costs and fuel prices have damaged approximately 2,400 stores and forced widespread closures. The French Chamber of Commerce estimates retail losses have exceeded €1bn, while Morningstar DBRS warns total losses could approach $2bn, including uninsured damage and lost revenue. Consumer confidence has fallen to a 13-year low, raising concerns ahead of November and December, which typically account for 40% of annual retail turnover. More than a quarter of damaged stores remain closed, with further demonstrations threatening additional disruption. Retailers have warned that prolonged unrest could significantly weaken festive sales and tourism, placing further pressure on France's already fragile consumer spending environment.
Full Issue
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