Finance should pay much more attention to undersea cables risk

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المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

The threats to this crucial infrastructure are growing but there are possible solutions

What is the greatest tail risk stalking global finance today? There is a depressingly long list of options: surging debt, volatile rates, geopolitical conflict and/or cyber failures like the one accidentally unleashed by CrowdStrike and Microsoft. But there is another deserving far more debate: underwater sea cables. Normally, this is a topic submerged from sight, both literally and metaphorically.

More recently Sweden reported sabotage to a data cable and Estonia is in a diplomatic tussle with China around an alleged “accident”. “The era of seabed warfare has arrived in the Euro-Atlantic, and other contested regions may soon follow suit,” James Stavridis, former Nato Supreme Allied Commander Europe, warned this year in a new Policy Exchange report.

 

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المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

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