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Technology and Information Risks

  • Per reports on June 4, 2018, a widespread Google Groups misconfiguration has been found which makes it vulnerable to data leaks. The flaw is a result of a misconfigured visibility setting that is automatically set at “Public on the Internet” which makes information searchable on the Internet.
  • Per reports, phishing attacks targeting TSB clients increased by 843% in May 2018 in comparison to April 2018. Reportedly, the majority of attacks took place during an IT malfunction, which arose as the bank migrated customer accounts to a new banking platform.
  • On June 4, 2018, Microsoft announced an agreement to purchase source-code repository site GitHub for USD 7.5 billion (EUR 6.4 billion) in Microsoft stock.

Market and Economic Risks

  • Per media reports on June 6, 2018, the customs authority in China detained 245 suspects involved in smuggling scrap and steel waste valued at CNY 4.8 billion (USD 750 million) out of the country to buyers across Southeast Asia.
  • Per reports on June 5, 2018, following a compromise on regulations, the New South Wales (NSW) government announced new restrictions for the home-sharing and short-term rental industry.
  • Per reports on June 8, 2018, the Bank of England’s insurance regulator is currently investigating how insurers address climate change.
  • On June 5, 2018, the International Brotherhood of Teamsters (Teamsters) announced that 90% of its members voted to authorize a strike if a deal was not reached between the union and United Parcel Service (UPS) by August 1.

Hazard and Event Risks

  • Per reports on from Vietnam, the Ministry of Health (MoH) Preventative Medicine Department has warned residents that a dengue fever epidemic may break out amid the rainy season and at the onset of summer, even though at least 63 municipalities and cities have implemented measures to prevent and control the disease.

June 11, 2018

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