The risk of cyberattack, once overhyped, now threatens businesses’ very existence, according to a recent survey, 2018 FM Global Resilience Index. These attacks raise the specter of stalled operations, disrupted supply chains, class-action lawsuits and permanent brand damage.
The U.S. and China declared a truce in their trade dispute over the weekend, but that will prove temporary if the world’s two largest economies fail to deliver on their vague commitments to re-balance trade.
Auto safety regulators are raising pressure on a dozen vehicle manufacturers that failed to meet a December deadline to replace millions of defective Takata airbag inflators that could explode in a crash.
One year ago it was the WannaCry ransomware attack. Less than a year ago, the NotPetya cyberattack cost organizations like Merck & Co., FedEx, the port of Rotterdam and a whole host of others billions of dollars in total. Today geopolitical tensions are increasing and with them, the threat of more, and more-devastating, cyberattacks.