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Hazard and Event Risks

  • On Wednesday last week, a newly drilled illegal oil well in western Indonesia exploded into flames, killing 21 and injuring several others.
  • Per reports, an outbreak of measles in Japan and Taiwan has quarantined thousands, leading to tourists canceling visits to some areas in Japan.
  • Sporadic violence and civil unrest were reported recently in the North West province of South Africa. Per reports, the cause of the unrest is growing frustration over alleged government corruption, poor public services, and lack of housing facilities and job opportunities.

Technology and Information Risks

  • Dubai-based ride-sharing app Careem was hacked and data of at least 14 million users compromised in the Middle East, North Africa, Turkey, and Pakistan.
  • The world's largest spam botnet, Necurs, is using a new technique to attack victims.
  • Security Week announced that UpGuard security researchers had discovered exposed personal information online for 48 million customer records from data aggregator LocalBlox.
  • Security researchers from F-Secure recently announced the conclusions of a 15-year study of the Assa Abloy’s Vision by VingCard electronic locking system.

Operational and Physical Risks

  • In Taiwan, organizers of the military veterans group "800 Warriors" suspended further demonstrations against the military pension reform bill that is being processed by the parliament.
  • In Canada, a dispute between two construction unions came to a head at a rally late in April at Queen’s Park in Toronto, Ontario.

Market and Economic Risks

  • On April 26, 2018, China's Supreme People's Court (SPC) ruled in favor of Christian Dior, reversing rulings by lower courts, and reprimanded the local trademark office for rejecting an application filed by the company.
  • The effects of El Niño climate phenomenon have caused severe droughts in 66 municipalities of Honduras. This has translated into 70% of the corn crops and 45% of the bean crops being affected.
  • Per reports on April 26, 2018, over 40 UK-based firms have signed the UK Plastics Pact agreeing to decrease plastic pollution by 2025.

April 30, 2018

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