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Unilateral Orthodox Christmas truce ignored by Russian fighters in Ukraine. Western central banks are likely to continue rate hikes to tame inflation. Chinese researchers claim breakthrough in using quantum computers to break existing online encryption algorithms. Analysis: Wiper Malware Attacks to Threaten Private Sector More in 2023.

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

Analysis: Wiper Malware Attacks to Threaten Private Sector More in 2023

In the New Year, organizations must be cognizant of the threat from wiper malware, which destroys data making it irrecoverable, disrupts business operations and can result in long periods of downtime to remediate and recover. Advanced persistent threats (APT) backed by nation-states are increasingly targeting geopolitical adversaries with wiper malware, while cybercriminals are more and more leveraging it to pressure victims into paying ransoms.

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