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Recent Editions
Risk Channel
North America
The Supreme Court has dealt a significant blow to the oil industry by allowing lawsuits to proceed from California and other states, seeking billions in damages for climate change impacts. The justices declined to block appeals from major energy producers like Sunoco and Shell. Justice Samuel A. Alito Jr. recused himself due to stock ownership in affected companies. California Governor Gavin Newsom said in reference to the deceptive practices of oil companies regarding the dangers of fossil fuels: “For more than 50 years, Big Oil has been lying to us.” The lawsuits, which follow a pattern similar to successful claims against the tobacco and pharmaceutical industries, argue that oil producers failed to warn consumers about the risks associated with their products. The court's decision allows approximately two dozen states and municipalities to pursue their claims against the companies.
Full IssueRisk Channel
UK/Europe
The Home Office is consulting on proposals that could ban all public sector bodies - including schools, locals councils and the NHS - from making ransomware payments. The proposals, which also include moves to increase the National Crime Agency's awareness of attacks and to make reporting of attacks mandatory, are intended to make public bodies less appealing targets for criminal gangs. Security minister Dan Jarvis said that with "an estimated $1bn (£800.2m) flowing to ransomware criminals globally in 2023, it is vital we act to protect national security." Richard Horne, chief executive of the National Cyber Security Centre, said the moves mark "a vital step in our efforts to protect the UK from the crippling effects of ransomware attacks and the associated economic and societal costs."
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