In This Edition

Key Takeaways

Amid growing dissent, China has intensified propaganda efforts to drum up national support for its “dynamic zero-COVID” policy. The US is seeking additional UN sanctions on North Korea over its renewed ballistic missile launches. More central banks around the globe are raising interest rates
to curb inflation. Analysis: Espionage Campaign by Cicada APT Widens in Geographic, Sectoral Targeting of Organizations. Analysis: Ukraine War Update: War Crimes Investigations, Heavy Military Equipment Transfer, War Rhetoric Escalation.

Condition Updates

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

Analysis: Espionage Campaign by Cicada APT Widens in Geographic, Sectoral Targeting of Organizations.

While ransomware and destructive cyber-attacks capture the latest headlines about online dangers to organizations, state-sponsored advanced persistent threat (APT) groups remain highly motivated and are expanding espionage campaigns across the world.

Analysis: Ukraine War Update: War Crimes Investigations, Heavy Military Equipment Transfer, War Rhetoric Escalation.

New military aid and intelligence sharing with Ukraine marks a significant expansion of western involvement in the conflict and reflects the belief that Russia is less likely to retaliate against the west as the war continues.