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Key Takeaways

The UN warns that hundreds of millions of people are at risk of “hunger and destitution.” At the Summit of Americas, US President Biden proposed a new US economic partnership with Latin America. The IAEA condemned Iran for seeking to conceal traces of enriched uranium. Analysis: Karakurt Data Extortionists Threaten Organizations with Public Embarrassment. Analysis: Ukraine War Update: Global Food Crisis, Psychological Warfare, Severodonetsk Battle.

Condition Updates

A rundown of important global risk developments in markets, in business, and region by region.

Analysis: Karakurt Data Extortionists Threaten Organizations with Public Embarrassment

The Karakurt cybercriminal gang is employing a new pressure tactic against victims that has caught the attention of the US Department of Homeland Security’s (DHS) Cybersecurity and Infrastructure Security Agency (CISA). An advisory issued last week warned that Karakurt, named after a venomous spider commonly found in eastern Europe and Siberia, and which means ‘Black Wolf’ in Turkish, is increasingly threatening business staff, executives and even their clients with public embarrassing data leaks if ransom demands are not met.

Analysis: Ukraine War Update: Global Food Crisis, Psychological Warfare, Severodonetsk Battle

Hundreds of millions of people are at risk of “hunger and destitution” because of food shortages due to the war in Ukraine, the UN Secretary-General Guterres warned, after talks stalled over ending Russia’s blockade of Black Sea grain shipments.

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