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Recent Editions
Risk Channel
North America
JPMorgan Chase has reported financing $230bn in projects during the first year of its $1.5tn Security and Resiliency Initiative, aimed at strengthening U.S. supply chains, national security, and economic resilience. The program supports defense contractors, energy suppliers, and industrial manufacturers through direct investments, lending, and capital markets transactions, including financing associated with the $125bn Dominion Energy–NextEra merger. Chief executive Jamie Dimon has emphasized the bank's willingness to support earlier-stage companies beyond its traditional lending activities and expects total financing to exceed the original $1.5tn commitment. JPMorgan has also announced a partnership with Michigan and Ford Motor to deploy more than $2bn toward developing manufacturing businesses and addressing supply chain vulnerabilities.
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Risk Channel
UK/Europe
The identification of two critical vulnerabilities in PHP, a programming language which underpins around 70% of the world’s websites, has led to government agencies and businesses worldwide taking their websites offline. The flaws could allow hackers to take control of web servers without a password. The organisation behind the language issued a patch on Wednesday after researchers testing cyberdefences discovered the flaws. The UK’s National Cyber Security Centre told organisations to check for “backdoors installed by an attacker.” Prof Alan Woodward, a cybersecurity expert at Surrey University in the UK, said: “The big thing is for everyone using [the patch] to get that in to make sure their systems are safe. The troubling part is there is going to be a long tail of websites who may not be maintained as well and they are going to remain vulnerable, which means we may see weeks and months of ongoing attacks.”
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