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Each week, we break down international news into our four quadrants of risk and present ways to mitigate those risks. 

Technology and Information Risks

Cyber-security firm Bitdefender Labs has published a whitepaper noting the discovery of a new variant of the Terdot banking trojan. - Earlier this month, cyber-security experts from Palo Alto Networks discovered that the Toast Overlay Attack method was integrated into live malware distribution for the first time. - In Sweden, an investigation commissioned by the government proposed that the police should have the right to conduct secret data reading and interception of online communications without prior approval from the court.

Operational and Physical Risks

Per Pinkerton Vigilance Network sources citing government authorities in Indonesia, the armed separatist group the West Papua National Liberation Army has detained at least 1,300 people in the villages of Kimberly and Banti since November 10. - Late last week, the International Maritime Organization (IMO) said that ships not in compliance with permissive sulfur emissions will be considered “unseaworthy.” - Peru’s Social Protection Commission (CPS) issued its proposal regarding the pension system reform.

Market and Economic Risks

The European Securities and Markets Authority has alerted investors of the risks associated with investing in the cryptocurrency, Initial Coin Offerings (ICOs). - Last week, the EU approved an arms embargo on Venezuela stating that “irregularities” in the October 2017 regional elections had deepened the economic crisis in the country. - Canada’s Federal Environment Minister Catherine McKenna recently announced the launch of a joint campaign with the UK to eliminate coal-based energy globally at the ongoing annual United Nations climate change talks (COP23).

Hazard and Event Risks

According to media reports, Turkish authorities conducted a large-scale security operation at multiple locations last week. - In Brazil, workers and union members recently demonstrated against the reform launched by the government to modify labor regulations and the pension system. - In Mexico, members of cargo and passenger transport associations indicated that cargo theft increased 53% during the third quarter of 2017 compared to the same period in 2016.

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